Macroeconomic Effects of Prelected Population Aging in Industrial Countries

Macroeconomic Effects of Prelected Population Aging in Industrial Countries
The effects of population aging are examined with the aid of a theoretical model and simulations of MULTIMOD. An older population will consume more of aggregate disposable income, require higher government expenditure, and decrease labor supply. These effects should raise real interest rates and lower the capital stock and output. Effects on... READ MORE...

Publication date: January 1990
ISBN 9781451929553
$15.00

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