Ageing, optimal national saving and future living standards in Australia

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Title Ageing, optimal national saving and future living standards in Australia
Author Guest, Ross; McDonald, Ian M.
Journal Name Economic Record
Year Published 2001
Place of publication Canberra
Publisher The Economic Society of Australia
Abstract Making allowance for the ageing structure of the population, this paper calculates the levels of optimal national saving and future living standards for Australia for the period 1999-2050. For this period, the optimal saving response to the ageing of the Australian population is for national saving to increase from its current level by 2.7 per cent of GDP by the year 2017 and then to decline to the year 2050. The implied growth of living standards is 1.20 per cent per year. Reduced immigration would reduce the rate of growth of living standards but reduced fertility would not.
Peer Reviewed Yes
Published Yes
Volume 77
Issue Number 237
Page from 117
Page to 134
ISSN 0013-0249
Date Accessioned 2007-06-07
Date Available 2008-02-14T07:14:34Z
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject Applied Economics
URI http://hdl.handle.net/10072/16631
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1a

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