In order to quantify these effects, we develop a computational general equilibrium model. We feed this multi-country overlapping generations model with detailed
This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other.
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are
The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the age
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the publ