The developed word stands at the fore of a phenomenal demographic transition. Over the next 30 years the number of elderly in the U.S., the EU, and Japan will more than double. At the same time, the number of workers available to pay the elderly their government-guaranteed pension and health...

The present article surveys recent studies which analyse specific aspects of the impact of demographic changes on international capital markets. We first present the most recent population trends in important OECD countries, then we discuss the consequences for aggregate world savings, interest...

Will incomes of low and high skilled workers continue to diverge? Yes says our paper's dynamic, six-good, five-region - U.S., Europe, N.E. Asia (Japan, Korea, Taiwan, Hong Kong), China, and India -, general equilibrium, life-cycle model. The model predicts a near doubling of the ratio of high-...

Deutschland sieht sich einem grundlegenden demografischen Wandel gegenüber, welcher durch dramatische Veränderungen in der Altersstruktur gekennzeichnet ist. In einer Studie des ZEW und der Universität Ulm werden die Folgen für das Spar- und Investitionsverhalten und damit der Entwicklung...

The developed world stands at the fore of a phenomenal demographic transition. Over the next 30 years the number of elderly in the OECD countries will more than double. At the same time, the number of workers available to pay the elderly their government-guaranteed pension and health care...