Trade Liberalization and Global Demographic Change: A Quantitative Assessment

Sebastian Rausch

Chapter 3 in Macroeconomic Consequences of Demographic Change, 2009, pp 43-80 from Springer

Abstract: Abstract The developed world stands at the fore of a historically unprecedented demographictransition. Over the next several decades the number of elderly in the U.S., the EU, and Japan will more than double. A salient feature of this global demographic change is the fact that population aging will occur at differing paces and with differing intensities in the industrialized countries of the world. Significant aging is already underway in some economies, for example Germany, Italy, and Japan. Major demographic changes in the U.S. and China begin in the second decade of the 21st century (Figure 3.1). With a still longer lag, the demographic trends will be manifest in developing economies as well. The presence of globally unsynchronized aging patterns and the ongoing globalization of the world economy make it necessary to enhance our understanding of the interaction of demographic factors and international capital, labor, and commodity flows.

Keywords: Labor Supply; Trade Liberalization; Factor Price; Welfare Gain; Household Type (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-00146-8_3

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DOI: 10.1007/978-3-642-00146-8_3

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