ECONOMICS OF AN AGEING POPULATION: MACROECONOMIC ISSUES; ED. BY PAOLO ONOFRI

"The Economics of an Ageing Population studies the effects of demographic transition on the economies of industrialised countries. The authors demonstrate that an ageing population does not necessarily lead to a reduction in growth, providing that the working population are more productive and save a greater percentage of their income. They look in detail at the examples of Italy and Japan, two countries which have the fastest ageing populations in Europe and the world respectively." "A rapidly ageing population is a problem which, before too long, will face most industrialised countries in the world. This book provides some of the answers to the difficult decisions governments and citizens will have to make. It will be required reading for academics and researchers with an interest in macroeconomics, demographics and public finance, and professional economists working in insurance houses, commercial banks and financial institutions."--Jacket.