The Developed World's Demographic Transition

Special Publications | Social Security

Thursday, October 30, 2003

by Hans Fehr, Sabine Jokisch, and Larry Kotlikoff

This bleak assessment of developed economies' future fiscal prospects ignores two factors that are increasingly raised as possible sources of economic salvation. The first is the macroeconomic impact of aging, specifically the potential for capital deepening. The second is the option to dramatically increase immigration.

For Complete Publication:  sp20031030.pdf

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