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Population Dynamics and Macroeconomic Performance: Editors’ Preface

Population Dynamics and Macroeconomic Performance: Editors’ Preface The world is undergoing far‐reaching demographic changes. In the industrialized countries, low fertility rates and higher life expectancy will result in aging economies; the old‐age dependency ratio—the ratio of retirees to people of working age—is likely to increase sharply over the next 50 years. In many developing countries, population is still growing rapidly. These changes raise a number of key questions concerning the interplay between population dynamics and macroeconomic performance. This special issue of The Scandinavian Journal of Economics offers theoretical and empirical contributions addressing these issues. Four of the papers focus on the relationship between aging and saving. Bloom, Canning and Graham explore theoretical aspects of the effect of increased life expectancy on national savings rates, and find empirical support for the premise that enhanced life expectancy leads to higher saving. Lee, Mason and Miller focus on the importance of the institutional setting, and show how replacing a transfer system with a funded system will affect saving and capital accumulation, using Taiwan and the US as illustrative cases. Lim and Weil investigate whether the baby boom has caused the stock market boom over the last decade, and whether future dissaving on the part of the baby boomers http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scandinavian Journal of Economics Wiley

Population Dynamics and Macroeconomic Performance: Editors’ Preface

The Scandinavian Journal of Economics , Volume 105 (3) – Sep 1, 2003
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Publisher
Wiley
Copyright
Copyright © 2003 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0347-0520
eISSN
1467-9442
DOI
10.1111/1467-9442.t01-2-00edi
Publisher site
See Article on Publisher Site

Abstract

The world is undergoing far‐reaching demographic changes. In the industrialized countries, low fertility rates and higher life expectancy will result in aging economies; the old‐age dependency ratio—the ratio of retirees to people of working age—is likely to increase sharply over the next 50 years. In many developing countries, population is still growing rapidly. These changes raise a number of key questions concerning the interplay between population dynamics and macroeconomic performance. This special issue of The Scandinavian Journal of Economics offers theoretical and empirical contributions addressing these issues. Four of the papers focus on the relationship between aging and saving. Bloom, Canning and Graham explore theoretical aspects of the effect of increased life expectancy on national savings rates, and find empirical support for the premise that enhanced life expectancy leads to higher saving. Lee, Mason and Miller focus on the importance of the institutional setting, and show how replacing a transfer system with a funded system will affect saving and capital accumulation, using Taiwan and the US as illustrative cases. Lim and Weil investigate whether the baby boom has caused the stock market boom over the last decade, and whether future dissaving on the part of the baby boomers

Journal

The Scandinavian Journal of Economics – Wiley

Published: Sep 1, 2003

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