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New Developments in the Economics of Population Ageing

Edited by John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia and Ross Guest, Professor of Economics, Griffith Business School, Griffith University, Australia
This volume provides an important collection of recent papers on the macroeconomic effects of population ageing. The articles are focused into three categories which cover the main channels through which population ageing affects national living standards: productivity and growth; consumption and saving; and labour market and fiscal effects. The papers have been selected for their clear and valuable contributions to this field of study. The book will be an essential reference volume for academic and public sector economists, policy makers and demographers.
Extent: 688 pp
Hardback Price: £202.00 Web: £181.80
Publication Date: 2007
ISBN: 978 1 84542 982 9
Availability: In Stock
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  • Social Policy and Sociology
  • Ageing
This volume provides an important collection of recent papers on the macroeconomic effects of population ageing. The articles are focused into three categories which cover the main channels through which population ageing affects national living standards: productivity and growth; consumption and saving; and labour market and fiscal effects. The papers have been selected for their clear and valuable contributions to this field of study. The book will be an essential reference volume for academic and public sector economists, policy makers and demographers.
29 articles, dating from 1988 to 2004
Contributors include: W. Buiter, D. Cutler, D. De la Croix, R. Lee, D. Miles, J. Poterba, D. Weil
Contents:

Acknowledgements
Introduction John Creedy and Ross Guest

PART I PRODUCTIVITY AND GROWTH
1. Avner Ahituv (2001), ‘Be Fruitful or Multiply: On the Interplay Between Fertility and Economic Development’
2. Gary S. Becker and Robert J. Barro (1988), ‘A Reformulation of the Economic Theory of Fertility’
3. Gary S. Becker, Kevin M. Murphy and Robert Tamura (1990), ‘Human Capital, Fertility, and Economic Growth’
4. Carl-Johan Dalgaard and Claus Thustrup Kreiner (2001), ‘Is Declining Productivity Inevitable?’
5. David de la Croix and Matthias Doepke (2003), ‘Inequality and Growth: Why Differential Fertility Matters’
6. Ronald Lee (2003), ‘The Demographic Transition: Three Centuries of Fundamental Change’
7. Charles I. Jones (2002), ‘Sources of U.S. Economic Growth in a World of Ideas’
8. David Lam (1989), ‘Population Growth, Age Structure, and Age-Specific Productivity: Does a Uniform Age Distribution Minimize Lifetime Wages?’
9. Mehmet Serkan Tosun (2003), ‘Population Aging and Economic Growth: Political Economy and Open Economy Effects’

PART II CONSUMPTION AND SAVING
10. Alan J. Auerbach and Laurence J. Kotlikoff (1992), ‘The Impact of the Demographic Transition on Capital Formation’
11. Robin Brooks (2003), ‘Population Aging and Global Capital Flows in a Parallel Universe’
12. David M. Cutler, James M. Poterba, Louise M. Sheiner and Lawrence H. Summers (1990), ‘An Aging Society: Opportunity or Challenge?’
13. Douglas W. Elmendorf and Louise M. Sheiner (2000), ‘Should America Save for its Old Age? Fiscal Policy, Population Aging, and National Saving’
14. Ross S. Guest and Ian M. McDonald (2004), ‘Effect of World Fertility Scenarios on International Living Standards’
15. W. Jos Jansen (2000), ‘International Capital Mobility: Evidence from Panel Data’
16. Turalay Kenc and Serdar Sayan (2001), ‘Demographic Shock Transmission from Large to Small Countries: An Overlapping Generations CGE Analysis’
17. David Miles (1999), ‘Modelling the Impact of Demographic Change Upon the Economy’
18. David N. Weil (1999), ‘Population Growth, Dependency, and Consumption’
19. Matthew Higgins (1998), ‘Demography, National Savings, and International Capital Flows’
20. Allen C. Kelley and Robert M. Schmidt (1996), ‘Saving, Dependency and Development’

PART III LABOUR AND FISCAL EFFECTS OF POPULATION AGEING
21. James M. Poterba (2001), ‘Demographic Structure and Asset Returns’
22. Willem H. Buiter (1997), ‘Generational Accounts, Aggregate Saving and Intergenerational Distribution’
23. Jørgen Elmeskov (2004), ‘Aging, Public Budgets, and the Need for Policy Reform’
24. Martin Flodén (2003), ‘Public Saving and Policy Coordination in Aging Economies’
25. Ronald Lee and Ryan Edwards (2002), ‘The Fiscal Effects of Population Aging in the U.S.: Assessing the Uncertainties’
26. Tetsuo Ono (2003), ‘Social Security Policy with Public Debt in an Aging Economy’
27. Efraim Sadka and Vito Tanzi (2002), ‘Increasing Dependency Ratios, Pensions and Tax Smoothing’
28. F. Landis MacKellar (2000), ‘The Predicament of Population Aging: A Review Essay’
29. Robert K. von Weizsäcker (1996), ‘Distributive Implications of an Aging Society’

Name Index