Population Aging and International Capital Flows

David Domeij () and Martin Floden ()

No 539, Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: We use the neoclassical growth framework to model international capital flows in an economy with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985.

Keywords: current account; international capital mobility; demographics; Feldstein-Horioka puzzle (search for similar items in EconPapers)
JEL-codes: E22 F21 F41 F47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge
Date: 2003-10-10, Revised 2004-02-20
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Published in International Economic Review, 2006, pages 1013-1032.

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Related works:
Working Paper: Population Ageing and International Capital Flows (2004)
Working Paper: Population Aging and International Capital Flows (2004)
Journal Article: POPULATION AGING AND INTERNATIONAL CAPITAL FLOWS (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:hastef:0539

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