The welfare state and demographic dividends
The demographic transition experienced by developed countries produces initial positive effects on economic growth ‒ the first demographic dividend ‒ which can be extended into a second demographic dividend if baby boomers' savings increase capital accumulation. Nevertheless, aging might revers...
| Authors: | , , , |
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| Format: | article |
| Status: | Published version |
| Publication Date: | 2017 |
| Country: | España |
| Institution: | Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
| Repository: | Recercat. Dipósit de la Recerca de Catalunya |
| OAI Identifier: | oai:recercat.cat:2445/111098 |
| Online Access: | https://hdl.handle.net/2445/111098 |
| Access Level: | Open access |
| Keyword: | Estat del benestar Envelliment de la població Welfare state Population aging |
| Summary: | The demographic transition experienced by developed countries produces initial positive effects on economic growth ‒ the first demographic dividend ‒ which can be extended into a second demographic dividend if baby boomers' savings increase capital accumulation. Nevertheless, aging might reverse this process if dissaving of elderly baby boomers and the pressure on the pay-as-you-go financed welfare state reduce savings and capital. |
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