The Economics of an Ageing Population

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ESRI Studies Series on Ageing

Edited by Paolo Onofri, Professor of Economics and Director, Department of Economics, University of Bologna and General Secretary, Prometeia Associates, Italy

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.