Global Aging and Declining World Interest Rates.
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits, exacerbati...
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Main Author: | |
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Other Authors: | , |
Format: | Electronic eBook |
Language: | English |
Published: |
Washington :
International Monetary Fund,
2008.
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Series: | IMF Working Papers.
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Subjects: | |
Online Access: |
Full text (Emmanuel users only) |