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Demographic Effects On Economic Growth And Consequences For The Provision Of Pensions

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  • Nicholas Misoulis

Abstract

As the population of an economy ages saving declines and, through that channel, economic growth can decline too. Returns to physical capital fall, making the provision of pensions more and more difficult. The income of the working population deteriorates and they respond by having fewer children. This intensifies the problem even further.

Suggested Citation

  • Nicholas Misoulis, 2008. "Demographic Effects On Economic Growth And Consequences For The Provision Of Pensions," Economic Affairs, Wiley Blackwell, vol. 28(1), pages 29-34, March.
    • Handle: RePEc:bla:ecaffa:v:28:y:2008:i:1:p:29-34
    DOI: 10.1111/j.1468-0270.2008.00797.x
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    1. repec:dpr:wpaper:0189 is not listed on IDEAS
    2. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, March.
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