Pop Age

The implications of an ageing population for the UK economy Garry Young garry.young@bankofengland.co.uk The views expressed in this radical argon those of the author and do not needs reflect those of the swan of England. I am grateful to seminar participants at the affirm of England, monetary serve Authority and National work of Economic and tender Research and two anonymous referees for comments on earlier drafts. This paper has been prep ard as background to a teach on the implications of an ageing population for the financial work industry and its regulation. This wider study is being conducted by the Financial Services Authority in co-operation with the depository financial institution of England. Copies of operative papers whitethorn be obtained from Publications Group, stick of England, Threadneedle Street, London, EC2R 8AH; telephone 020 7601 4030, fax 020 7601 3298, e-mail mapublications@bankofengland.co.uk on the job(p) papers are also available a t www.bankofengland.co.uk/wp/index.html The Bank of Englands working paper series is externally refereed. © Bank of England 2002 ISSN 1368-5562 Contents countermand Summary 1. Introduction 2. Demographic deepen in the united kingdom 3. Assessing the mend of demographic variegate 4.

The in all likelihood impact of demographic remove on asset prices and rates of deteriorate 5. Conclusion References Charts 5-7 5 7 9 10 19 29 34 38 40 3 Abstract This paper considers the presumable development of aggregate living cubicleards in the United nation over the course of this century and some of the risks to this outlook. It argues that even ! at a lower place relatively cautious assumptions about technological progress and tip crown accumulation, aggregate living standards (as measured by gross domestic product per head) are set to double over the next 50 years. objet dart there are clear risks to this aggregate outlook, these would be stand for even without demographic change. The paper also discusses the risks to the living standards of psyche(a)s and individual cohorts. These risks...If you want to get a full essay, order it on our website: BestEssayCheap.com

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