Population Aging and Global Capital Flows in a Parallel Universe

This paper explores the global impact of population aging, using a calibrated overlapping generations model of eight world regions to simulate the effects of historical and projected demographic trends on international capital flows. The simulations show that there will be a turning point in regional savings – investment balances between 2010 and 2030 when the European Union and North America will experience a substantial decline in savings relative to investment as their populations age rapidly. This shift will be financed by capital flows from less developed regions which are projected to become capital exporters.

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Year of publication:	2000-08-01
Authors:	Brooks, Robin
Institutions:	International Monetary Fund (IMF)
Subject:	Aging \| Capital flows \| Economic models \| current account \| old-age dependency \| current account balance \| dependency ratios \| demographic change \| current account balances \| baby boom \| age dependency ratios \| old-age dependency ratios \| age distribution \| current account deficit \| baby boomers \| demographic transition \| high fertility \| decline in fertility \| population growth \| demographic shift \| current account surplus \| population dynamics \| population trends \| demographic trends \| current account deficits \| population data \| demography \| number of children \| world population \| current accounts \| current account surpluses \| life expectancy \| lower fertility \| age groups \| domestic savings \| total population \| dependency ratio \| demographic effects \| domestic saving \| low fertility \| demographic characteristics \| elderly population \| high population growth \| demographic data \| population projections \| rapid population aging \| global fertility \| age dependency ratio \| age distributions

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 00/151 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605062