The Determinants of the Macroeconomic Implications of Aging
| Autor: | Louise Sheiner |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Macroeconomics
Consumption (economics) Economics and Econometrics Labour economics Child care education.field_of_study media_common.quotation_subject Population jel:E21 jel:H62 jel:H55 jel:J31 jel:E24 jel:J13 jel:J14 Family planning Unemployment Economics sense organs education health care economics and organizations media_common |
| Zdroj: | American Economic Review. 104:218-23 |
| DOI: | 10.1257/aer.104.5.218 |
| Popis: | The aging of the US population undoubtedly will be associated with macroeconomic changes. In particular, some combination of lower consumption growth and increased labor input will ultimately be required. But, the timing of these changes can have important effects on variables like the rate of return to capital and wages. If the adjustment to consumption is slow, which would be the case if budget deficits were allowed to rise significantly as the population ages, then aging is likely to be associated with an increase in the return to capital and a reduction in wages. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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