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...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Chai, Hua
Drugi avtorji: Il Kim, Jun
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2018.
Serija:IMF Working Papers; Working Paper ; No. 2018/265
Online dostop:Full text available on IMF