Demographics Pension Systems and the Saving Investment Balance is popular PDF and ePub book, written by Hua Chai in 2018-12-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Demographics Pension Systems and the Saving Investment Balance can be Read Online from any device for your convenience.
Demographics Pension Systems and the Saving Investment Balance Book PDF Summary
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 variables and pension system generosity interact to affect both private and public saving behavior. We then extend this framework to a two-country setting and simulate scenarios of demographic change and pension reform. We find that the generosity of the pension system plays an important role in determining the movement of the global interest rate and patterns of international capital flows.
Detail Book of Demographics Pension Systems and the Saving Investment Balance PDF
- Author : Hua Chai
- Release : 07 December 2018
- Publisher : International Monetary Fund
- ISBN : 9781484385876
- Genre : Business & Economics
- Total Page : 21 pages
- Language : English
- PDF File Size : 8,9 Mb
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