Lee, Sang-hyop; Mason, Andrew; Park, Donghyun - In: The sustainability of Asia’s debt : problems, …, (pp. 342-365). 2022
In many countries the private sector is a net creditor while the public sector is a net debtor. Population aging increases the supply of net credit by the private sector because retirees or those approaching retirement accumulate more wealth, including net credit. Population aging leads to...