The Consequences of an Aging Chinese Miracle
Wenli Li,
Fang Yang and
Michael Dotsey
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Wenli Li: Federal Reserve Bank of Philadelphia
Michael Dotsey: Federal Reserve Bank of Philadelphia
No 154, 2017 Meeting Papers from Society for Economic Dynamics
Abstract:
In this paper, we study the consequences of the demographic changes in China and the U.S. on the two nation’s output growth, capital accumulation, labor supply, and welfare in various economic environments including closed economies, economies with perfect capital mobility and no trade barriers, and economies with imperfect capital mobility and /or trader barriers. Our focus on only two of the largest economies in the world, China and U.S., allow us to more realistically capture each economy and make use of micro data that exhibits unique and interesting patterns such as having savings rate in China.
Date: 2017
New Economics Papers: this item is included in nep-age, nep-cna, nep-dge and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed017:154
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