# name
The welfare state and demographic dividends

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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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Articles publicats en revistes (Economia)

# metadata.dc.title[].value
The welfare state and demographic dividends