IDEAS home Printed from
   My bibliography  Save this paper

The Macroeconomic Implications of Ageing in a Global Context


  • Dave Turner
  • Claude Giorno
  • Alain de Serres
  • Ann Vourc'h
  • Pete Richardson


This study was prepared in the Economics Department as a contribution to the Organisation -wide study of the economic consequences of population ageing. It presents a number of long-term scenarios illustrating the likely domestic and international macroeconomic effects of ageing across the OECD and policies which might ameliorate or reverse underlying tensions. This work draws together the broad range of elements involved within a consistent framework, based on the Secretariat’s new international dynamic general equilibrium macroeconomic model (MINILINK).A “business-as-usual” case is examined in which, without improvements in labour market performance or specific policy adjustments to allow for the pressures of ageing, economic growth is projected to slow significantly over the next 50 years in nearly all OECD countries; world real interest rates remain stable at current levels or even rise, because of the effects of ageing on private savings and the possible build-up of public ... Ce travail constitue une contribution du Département économique à l’étude réalisée au niveau de l’ensemble de l’Organisation sur les conséquences économiques du vieillissement des populations. Il présente un certain nombre de scénarios de long-terme illustrant d’une part les effets macroéconomiques probables du processus de viellisssement sur les plans national et international, sur les flux internationaux entre les régions OCDE et non OCDE et d’autre part le rôle des politiques économiques pour limiter ou éliminer les tensions générées par ce processus. Cette étude intègre dans un même cadre cohérent, basé sur le nouveau modèle international d’équilibre général dynamique du Secrétariat (MINILINK), un large ensemble d’éléments constitutifs du phénomène de vieillissement.Le cas d’une scénario “à politique inchangé” est analysé. Il met en évidence qu’en l’absence d’amélioration des performances du marché du travail ou d’ajustement spécifique des politiques pour faire face aux ...

Suggested Citation

  • Dave Turner & Claude Giorno & Alain de Serres & Ann Vourc'h & Pete Richardson, 1998. "The Macroeconomic Implications of Ageing in a Global Context," OECD Economics Department Working Papers 193, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:193-en
    DOI: 10.1787/502646045314

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:193-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.