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 inescapably reflect those of the swan of England. I am grateful to seminar participants at the affirm of England, monetary serve Authority and National set 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 run industry and its regulation. This wider study is being conducted by the Financial Services Authority in co-operation with the camber of England. Copies of operative papers may be obtained from Publications Group, entrust of England, Threadneedle Street, London, EC2R 8AH; telephone 020 7601 4030, fax 020 7601 3298, e-mail mapublications@bankofengland.co.uk working papers are also available at www.bankofengland.co.uk/wp/ind ex.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 mixed bag in the united kingdom 3. Assessing the mend of demographic switch 4. The in all likelihood impact of demographic lurch 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 belike development of aggregate living stallards in the United body politic over the course of this century and some of the risks to this outlook. It argues that even ground-floor relatively cautious assumptions about technological progress and crown 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 d iscusses the risks to the living standards o! f someone(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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