Age structure and the current account
AbstractWe adjust current account surpluses and deficits of 57 countries in the period 2005-2009 for differences in the age structure of their populations and find that these differences can account for a significant part of the variation in the data. Among the large countries we find that the adjustment increases the surpluses of Germany and Japan while the surpluses of China, Singapore, Hong Kong, Korea, Thailand, Indonesia and Malaysia are significantly diminished.
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Bibliographic InfoPaper provided by Birkbeck, Department of Economics, Mathematics & Statistics in its series Birkbeck Working Papers in Economics and Finance with number 1307.
Date of creation: Nov 2013
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Find related papers by JEL classification:
- J1 - Labor and Demographic Economics - - Demographic Economics
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-12-06 (Economics of Ageing)
- NEP-ALL-2013-12-06 (All new papers)
- NEP-MAC-2013-12-06 (Macroeconomics)
- NEP-OPM-2013-12-06 (Open Economy Macroeconomics)
- NEP-SEA-2013-12-06 (South East Asia)
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