Demographic shocks and global factor flows: discussion
In this intriguing paper, Jeffrey Williamson emphasizes that changes in the age distribution of the population (especially the share of young adults, the dependency ratio, and the like) are often much more important than changes in population growth rates in explaining the magnitude and direction of global factor flows. He also stresses that the transition period that follows a demographic change (such as lower fertility or lower mortality) is usually very long: a century or even longer.
Volume (Year): 46 (2001)
Issue (Month): ()
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- Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc.
- Feldstein, Martin & Horioka, Charles, 1980.
"Domestic Saving and International Capital Flows,"
Royal Economic Society, vol. 90(358), pages 314-29, June.
- Jeffrey G. Williamson, 2001. "Demographic shocks and global factor flows," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 46.
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