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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Bibliographic Details
Main Author: Hoffmaister, Alexander W.
Other Authors: Guajardo, Jaime, Catalán, Mario
Format: Electronic eBook
Language:English
Published: Washington : International Monetary Fund, 2008.
Series:IMF Working Papers.
Subjects:
Online Access: Full text (Emmanuel users only)