Population Aging and International Capital Flows

  title={Population Aging and International Capital Flows},
  author={David Domeij and Martin Floden},
  • David Domeij, Martin Floden
  • Published 2004
We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985. JEL classification: E22; F21; F41; F47 
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