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In this paper I explore the quantitative implications for savings of population aging. In doing so, I pay particular … reduction in aggregate savings due to changes in the age structure of the population is small. ii) If, however, the demographic … contribution of general equilibrium effects is to exacerbate the reduction of savings since population aging tends to make labor …
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research results are unprecedented and show the effects of increased adult longevity on national savings and the effects of …</li> <li>Two Demographic Dividends, Savings and Economic Growth</li> <li>The Effect of Demographic Change on Industrial … Longevity on National Savings Rate</li> </ul> <br> <strong>Readership:</strong> Students and researchers who are interested in …
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pensionreforms led to an increase in the household savings rate in Germany until about2010. As domestic investment opportunities … could not absorb these additional sav-ings, they were partly invested abroad. The German current account-to-GDP ratiorose …. After 2010, private savings remained rather stable, but opportunities to investin Germany declined further. Our simulations …
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In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and persistent current account surpluses were due primarily...
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