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Title: The welfare state and demographic dividends
Author: Abío, Gemma
Patxot, Concepció
Sánchez-Romero, Miguel
Souto Nieves, Guadalupe
Keywords: Estat del benestar
Envelliment de la població
Welfare state
Population aging
Issue Date: May-2017
Publisher: Max-Planck-Gesellschaft
Abstract: 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.
Note: Reproducció del document publicat a:
It is part of: Demographic Research, 2017, vol. 36, num. 48, p. 1453-1490
Related resource:
ISSN: 1435-9871
Appears in Collections:Articles publicats en revistes (Economia)

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