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On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older...
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The ageing of the world population is an ineluctable process with major economicimplications. Whereas there is … structure. Ageing tends to benefit bond markets relative to equitymarkets, while depressing private saving and external balances … of ageing havewide-ranging implications for policymakers and market participants. …
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