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Ageing and international capital flows

  • Casper van Ewijk

    ()

  • Erik Canton
  • Paul Tang

Ageing will have an impact on both savings and investment, potentially leading to substantial international capital flows. This CPB Document provides a comprehensive overview, by considering various questions. What are the differences in the demographic process of ageing across countries? Does ageing lead to a capital outflow? How mobile is capital? What are the effects of a lower rate of return on (pension) savings?

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File URL: http://www.cpb.nl/sites/default/files/publicaties/download/ageing-and-international-capital-flows.pdf
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Paper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Document with number 43.

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Date of creation: Jan 2004
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Handle: RePEc:cpb:docmnt:43
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  25. Bovenberg, A Lans, 1989. "The Effects of Capital Income Taxation on International Competitiveness and Trade Flows," American Economic Review, American Economic Association, vol. 79(5), pages 1045-64, December.
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  27. Davies, James B, 1981. "Uncertain Lifetime, Consumption, and Dissaving in Retirement," Journal of Political Economy, University of Chicago Press, vol. 89(3), pages 561-77, June.
  28. Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
  29. Canton, E.J.F. & Meijdam, A.C., 1997. "Altruism and the macroeconomic effects of demographic changes," Other publications TiSEM b843d800-b8b9-4e98-b9c8-d, Tilburg University, School of Economics and Management.
  30. Tang Paul & de Groot Henri, . "The Impact of Ageing on International Capital Flows in a Heterogeneous World with Imperfect Capital Mobility," EcoMod2002 330800065, EcoMod.
  31. Arie Kapteyn & Constantijn Panis, 2003. "The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands," Working Papers 03-05, RAND Corporation Publications Department.
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