The welfare state and demographic dividends

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 revers...

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Detalhes bibliográficos
Autores: Abío, Gemma, Patxot, Concepció, Sánchez-Romero, Miguel, Souto Nieves, Guadalupe
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2017
País:España
Recursos:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/111098
Acesso em linha:https://hdl.handle.net/2445/111098
Access Level:acceso abierto
Palavra-chave:Estat del benestar
Envelliment de la població
Welfare state
Population aging
Descrição
Resumo: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.