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account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design …-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10010686104
account the fact that ageing is brought about by not only rising old‐aged dependency but also expanding longevity. Design …‐age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old‐aged dependency rate … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10014805804
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...
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