Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...

The demographic transition changes the age composition of a population, potentially affecting resource allocation at the household level and exerting general equilibrium effects at the aggregate level. If age profiles of income, consumption, and savings were stable and estimable for the entire...

Between 1940 and 2000, 129 million inhabitants were added to the Brazilian population, an average of 21,5 million per decade. In the first half of XXI century, estimatives suggest, on average, an addition of 90 million inhabitants to the Brazilian population, 2,5 times the population of...

The goal of this article is to analyze the international context in which the demographic transition in Brazil is inserted: the context in which the world population moves towards zero growth, still in this century, in 2075, approximately, when it will have its maximum size, around 9,2 billion...

This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe....

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...

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...

The working age population is expected to grow faster in the Middle East than in any other region in the world between now and 2015—rising annually by 2.7 percent, or 10 million people. This demographic explosion presents the region with a major challenge in terms of providing jobs, incomes,...