Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
Fiscal studies
18 (1997), S. 0
ISSN:
1475-5890
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
This paper considers some of the economic impacts that demographic change may have in developed economies over the next fifty years. I focus on the role that financial markets might play in economies where the pressure on government-run unfunded pension systems is likely to rise. The role of unfunded schemes is considered in a world where financial markets are incomplete and important types of risk cannot easily be offset by trading. How demographic shifts might affect labour productivity, asset prices and aggregate output is investigated using a simulation model of an economy where population structure is changing. JEL classification: E21, E60, G10, H1.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1475-5890.1997.tb00259.x
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