English, Article, Journal or magazine article edition: Aging and Economic Growth: The Role of Factor Markets and of Fundamental Pension Reforms Alexander Ludwig

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Bookmark: http://trove.nla.gov.au/version/43765
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Aging and Economic Growth: The Role of Factor Markets and of Fundamental Pension Reforms
Author
  • Alexander Ludwig
Physical Description
  • preprint
Notes
  • This paper analyzes the implications of demographic change for economic growth in di®erent countries. Quantitative projections are based on a multi-country over- lapping generations model that is augmented with actual demographic data and pro- jections for di®erent OECD regions. According to the simulation results, per capita incomes decline substantially when aging processes peak in some regions and di®er- ences between regions are quite large. Additional capital formation and increases in labor supply resulting from a fundamental pension reform are found to mitigate but not to solve the problem.
  • RePEc:mea:meawpa:05094
  • RePEc:xrs:meawpa:05094
Language
  • English
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