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 variab...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2018.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2018/265 |
| On-line přístup: | Full text available on IMF |