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| Tekijä: | Miles, D. |
| Otsikko: | Modelling the impact of demographic change upon the economy |
| Lehti: | Economic Journal
1999 : JAN, VOL. 109:452, p. 1-36 |
| Asiasana: | Economic theory Models Savings Pensions |
| Vapaa asiasana: | Demographics |
| Kieli: | eng |
| Tiivistelmä: | Over the next few decades there will be significant changes in the demographic structure of nearly all developed countries. Such dramatic demographic change could have a powerful impact upon saving behaviour. However, estimates of how great the effects will be differ depending on what evidence is used. It is argued that simulations based on calibrated general equilibrium models are likely to provide the most reliable evidence. A model is developed and is used to assess the impact of reforms to pension systems. |
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