The 1990s in Japan: a lost decade
The Economics of an Ageing Population studies the effects of demographic transition on the economies of industrialised countries. The authors demonstrate that an ageing population does not necessarily lead to a reduction in growth, providing that the working population are more productive and save a greater percentage of their income. They look in detail at the examples of Italy and Japan, two countries which have the fastest ageing populations in Europe and the world respectively.
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|Date of creation:||2000|
|Publication status:||Published in Review of Economic Dynamics, January 2002, pp. 206-35|
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