The Economic Dynamics of an Ageing Population: The Case of Four OECD Countries

  title={The Economic Dynamics of an Ageing Population: The Case of Four OECD Countries},
  author={Alan J. Auerbach and Laurence J. Kotlikoff and Robert P. Hagemann and Giuseppe Nicoletti},
Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labour ratios and the welfare and behaviour of different generations requires the use of a dynamic general equilibrium model. This paper uses an overlapping generations demographic simulation model, which incorporates bequest behaviour, technological change, the possibility that the economy is… 
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