, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … of rapid and significant aging requiring major fiscal adjustments.In previous studies that excluded China we predicted …, reducing real wages per unit of human capital. Adding China to the model dramatically alters this prediction. Even though China …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long … fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … cloud with a silver lining coming, in this case, in the form of capital deepening that will raise real wages. China … and Japan see it rise by one fifth percent by 2030 and by three fifths by 2100. Even if the Chinese saving behavior …