For economies, age is not just a number by Harun Onder and Pierre Pestieau published by VOXEU (5/2014), indicated by Alvaro Manoel. “The World’s population is ageing, due to both increasing longevity and decreasing fertility. This column shows that the net effect of ageing on capital accumulation (and therefore growth) depends on which of these two factors dominates, and also on the structure of the pension system…”
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