Cover IMF Working Papers
Buy Book in Print
Population Aging and Global Capital Flows in a Parallel Universe
Author:
Mr. Robin Brooks
Search for other papers by Mr. Robin Brooks in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 151
Language:
English
Publication Date:
01 Aug 2000
DOI:
https://doi.org/10.5089/9781451857023.001
ISBN:
9781451857023
ISSN:
1018-5941
Pages:
31
Keywords:
WP; interest rate; capital deepening; real GDP; population aging; international capital flows; EU current account; JAP relative; EU experience; age distribution; productivity parameter; balance in the EU; current account switch; Current account; Current account balance; Aging; Current account deficits; Demographic change; North America; Global; Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (882.9 KB) Download Epub
This paper explores the global impact of population aging, using a calibrated overlapping generations model of eight world regions to simulate the effects of historical and projected demographic trends on international capital flows. The simulations show that there will be a turning point in regional savings – investment balances between 2010 and 2030 when the European Union and North America will experience a substantial decline in savings relative to investment as their populations age rapidly. This shift will be financed by capital flows from less developed regions which are projected to become capital exporters.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund