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The world's population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings …
Persistent link: https://www.econbiz.de/10003720607
trends and from the inclusion of China and eastern Europe into the World Trade Organization. This led to a shift in …. This shock is now reversing. As the world ages, real interest rates will rise, inflation and wage growth will pick up and …
Persistent link: https://www.econbiz.de/10012950258
paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate …
Persistent link: https://www.econbiz.de/10011290961
, factor prices and social security. We also construct an overlapping generation model with four regions of the world. The …
Persistent link: https://www.econbiz.de/10014023467
Many economies in East and Southeast Asia are progressing toward becoming aging or aged societies. The impacts of this demographic transition are multifaceted and far-reaching and include declining tax revenues, leading to fiscal imbalances, and possible increases in government expenditures for...
Persistent link: https://www.econbiz.de/10013239031
Many economies in East and Southeast Asia are progressing toward becoming aging or aged societies. The impacts of this demographic transition are multifaceted and far-reaching and include declining tax revenues, leading to fiscal imbalances, and possible increases in government expenditures for...
Persistent link: https://www.econbiz.de/10012490479
the world. The authors begin by looking at high-income democracies in which governments have, to a large degree, taken … sorts of ingenious ways. The authors reject the World Bank blueprint of formal, structured pension systems. They suggest …, government failure around the world has had catastrophic effects …
Persistent link: https://www.econbiz.de/10013158842
Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on...
Persistent link: https://www.econbiz.de/10014023480
Trade in goods that are not perfect substitutes can considerably change the predictions of standard neoclassical models about the effects of asymmetric demographic developments. This paper considers a relative decrease in the population size of one country, when countries specialize in the...
Persistent link: https://www.econbiz.de/10014172654
regions of the world, and their correlation across regions. In order to address these issues, we produce stochastic … simulations of the world population for the ten regions until 2050. Then, we will analyse the economic consequences on a path by …-economic variables, the GDP growth rate and the world interest rate in particular, by uncertain future demographics. We show that the …
Persistent link: https://www.econbiz.de/10013137282