Demography, national savings and international capital flows
By: Matthew Higgins.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 34; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 34.
Publisher: Federal Reserve Bank of New York
Published: 1997
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Age distribution (Demography) -- Economic aspects.; Capital movements.; Saving and investment.
Description: "This paper addresses the relationship between age distributions, national savings and the current account balance.  The results point to substantial demographic effects, with increases in both the youth and old-age dependency ratios associated with lower savings rates.  They also point to differential effects on savings and investment, and thus to a role for demography in determining the current account balance.  The estimated demographic effect on the current account balance exceeds six percent of GDP over the last three decades for a number of countries and, given expected demographic trends, is likely to be substantially larger over the coming decades"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/1/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.