Demographics, Pension Systems and the Saving-Investment Balance

Demographics, Pension Systems and the Saving-Investment Balance
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic variables and pension system generosity interact to... READ MORE...

Publication date: December 2018
ISBN 9781484385876
$18.00

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