European and Transatlantic Studies

The Economic and Financial Market Consequences of Global Ageing

Authors: McMorrow, Kieran, Röger, Werner

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  • ISBN 978-3-540-40541-2
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  • ISBN 978-3-642-07355-7
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About this book

 Many countries will be confronted with ageing populations in the coming decades. This will crucially affect the economic outlook for the economy. Population changes directly affect the size of the labour force and consequently potential employment and output growth. In addition, changes in demographic trends strongly influence savings and investment behaviour, the outlook for the public finances, a range of financial market variables and, more controversially, may impact on the pace of productivity growth in an economy. Because the timing and magnitude of demographic changes varies significantly across regions, international capital flows will play an important role for the allocation of investment. This book offers a comprehensive treatment of ageing related issues based on a five region overlapping generations model and provides a quantitative assessment until 2050.

Reviews

From the reviews:

"In The Economic and Financial Market Consequences of Global Ageing, European Commission (EC) economists Kieran Mcmorrow and Werner Roeger examine the likely effects of … differential aging trends on GDP, consumption, savings, investment returns, capital flows, and net foreign assets for key economic regions. … provides a useful … introduction to a world just over the horizon, in which aging has changed everything." (Paul S. Hewitt, PEF - Journal of Pension Economics and Finance, Vol. 3 (2), 2004)

"The book certainly contains a wide range of projections, analyses, graphs and tables that everyone with an interest in the questions of ageing and pension systems will want to study further. On top of this, the book is highly pedagogical, giving some very useful clarifications of the many concepts used in the debate of pension systems." (Michael Tiet Nielson, CoverAGE, Issue 36, 2004)


Table of contents (11 chapters)

  • Global Demographic Trends and Forecasts 1950–2050

    Mc Morrow, Kieran (et al.)

    Pages 13-23

  • How is Ageing Likely to Impact Economically over the Next 50 Years: What are the Main Transmission Mechanisms?

    Mc Morrow, Kieran (et al.)

    Pages 25-53

  • Global Capital Market Developments, Current Account Imbalances and the Evidence for Age-related International Capital Flows

    Mc Morrow, Kieran (et al.)

    Pages 55-88

  • Global Ageing Scenario 2000–2050

    Mc Morrow, Kieran (et al.)

    Pages 89-107

  • Policy Response: How Can the EU and the World as a Whole Effectively Deal with the Challenges of Ageing?

    Mc Morrow, Kieran (et al.)

    Pages 109-140

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-3-540-24821-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $189.00
price for USA
  • ISBN 978-3-540-40541-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $189.00
price for USA
  • ISBN 978-3-642-07355-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Economic and Financial Market Consequences of Global Ageing
Authors
Series Title
European and Transatlantic Studies
Copyright
2004
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-24821-7
DOI
10.1007/978-3-540-24821-7
Hardcover ISBN
978-3-540-40541-2
Softcover ISBN
978-3-642-07355-7
Series ISSN
1431-3006
Edition Number
1
Number of Pages
XIV, 346
Topics