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Population aging and pension reform will have profound effects on international capital markets. First, demographic … reform shifts old-age provision towards more pre-funding. Third, while the patterns of population aging are similar in most …, population aging will induce capital flows between countries. All three effects influence the rate of return to capital and …
Persistent link: https://www.econbiz.de/10005021834
We present a quantitative analysis of the effects of population aging and pension reform on international capital … amplified when a pension reform shifts old-age provision towards more pre-funding. Third, while the patterns of population aging … internationally mobile, population aging will induce capital flows between countries. All three effects influence the rate of return …
Persistent link: https://www.econbiz.de/10005706309
Population aging and pension reform will have profound effects on international capital markets. First, demographic … reform shifts old-age provision towards more pre-funding. Third, while the patterns of population aging are similar in most …, population aging will induce capital flows between countries. All three effects influence the rate of return to capital and …
Persistent link: https://www.econbiz.de/10014063605
In all major industrialized countries the population is aging over time, reducing the fraction of the population in … are mitigated or accentuated by the fact that the population is aging at different rates elsewhere in the world …
Persistent link: https://www.econbiz.de/10005069350
attention, but aging poses many other economic challenges that threaten growth and living standards if they remain unaddressed …
Persistent link: https://www.econbiz.de/10008559122
This paper discusses the impact of aging on the financial equilibrium of the Tunisian retirement system and the …
Persistent link: https://www.econbiz.de/10010895790
Population aging will be a major determinant of long-run economic development in industrial and developing countries …, but aging poses many other economic challenges that threaten productivity and growth if they remain unaddressed. There is … no shortage of policy proposals to address population aging. However, little is known about behavioral reactions, e …
Persistent link: https://www.econbiz.de/10003901593
This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save more. Fewer workers reduce the optimal capital...
Persistent link: https://www.econbiz.de/10012266985
This paper studies the effect of demographic transitions on the economy of Latin America and the Caribbean (LAC). The paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate output, capital, labor and the saving rate as economies...
Persistent link: https://www.econbiz.de/10011290961
In this chapter we review the recent literature on the effects of changing global demographic trends on consumption, factor prices and social security. We also construct an overlapping generation model with four regions of the world. The model is calibrated so that we match some basic statistics...
Persistent link: https://www.econbiz.de/10014023467