Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure of ageing, but overlook longevity, which can also...

Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure of ageing, but overlook longevity, which can also...

Purpose – The purpose of this paper is to re-examine the effect of population ageing on private saving, taking into account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design/methodology/approach – The study uses panel data of 22...

Purpose – The purpose of this paper is to re-examine the effect of population ageing on private saving, taking into account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design/methodology/approach – The study uses panel data of 22...

This paper develops an improved measure of human capital. Using a Mincer specification of human capital, the improved measure takes into consideration rates of returns to schooling, education quality, and school dropouts. The paper applies the improved measure to evaluate national and global...

Purpose – The purpose of this paper is to re‐examine the effect of population ageing on private saving, taking into account the fact that ageing is brought about by not only rising old‐aged dependency but also expanding longevity. Design/methodology/approach – The study uses panel data...