Effects of Long-Run Demographic Changes in a Multi-Country Model

34 Pages Posted: 15 Feb 2006

See all articles by Paul R. Masson

Paul R. Masson

International Monetary Fund (IMF) - Research Department; The Brookings Institution

Date Written: December 1991


The macroeconomic effects of population aging are explored using data for the G-7 countries and Australia. The link between changes in birth and mortality rates on the one hand, and dependency ratios on the other, is first discussed, then empirical evidence on the effects of dependency ratios on net foreign asset positions and on consumption is presented. Simulations of changes in dependency ratios are then reported, using demographic projections to the year 2025. Finally, the plausibility of the implied changes in net foreign asset positions is discussed.

JEL Classification: C53, E21, F21, J11

Suggested Citation

Masson, Paul R., Effects of Long-Run Demographic Changes in a Multi-Country Model (December 1991). Available at SSRN: https://ssrn.com/abstract=885163 or http://dx.doi.org/10.2139/ssrn.885163

Paul R. Masson (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

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Washington, DC 20431
United States

The Brookings Institution ( email )

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