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Modeling the Effects of Population Aging on Consumption in the Presence of Intergenerational Transfers

In: Population Aging, Intergenerational Transfers and the Macroeconomy

Author

Listed:
  • Heinrich Hock
  • David N. Weil

Abstract

Population aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are responding to population aging and examines how economic growth, generational equity, trade and international capital flows are influenced by population aging.

Suggested Citation

  • Heinrich Hock & David N. Weil, 2007. "Modeling the Effects of Population Aging on Consumption in the Presence of Intergenerational Transfers," Chapters, in: Robert L. Clark & Naohiro Ogawa & Andrew Mason (ed.), Population Aging, Intergenerational Transfers and the Macroeconomy, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12608_5
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    Citations

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    Cited by:

    1. Heinrich Hock & David Weil, 2012. "On the dynamics of the age structure, dependency, and consumption," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 1019-1043, July.
    2. Lee, R., 2016. "Macroeconomics, Aging, and Growth," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 59-118, Elsevier.
    3. David E. Bloom & David Canning & Günther Fink & Jocelyn E. Finlay, 2010. "The Cost of Low Fertility in Europe [Le coût de la basse fécondité en Europe]," European Journal of Population, Springer;European Association for Population Studies, vol. 26(2), pages 141-158, May.
    4. Emerson, Patrick & Knabb, Shawn, 2020. "A demographic headwind: Will an aging society reduce the real interest rate and potential growth?," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).

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