Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/231255
Authors: 
Gerigk, Joschka
Rinawi, Miriam
Wicht, Adrien
Year of Publication: 
2018
Citation: 
[Journal:] Aussenwirtschaft [ISSN:] 0004-8216 [Volume:] 69 [Year:] 2018 [Issue:] 1 [Pages:] 45-76
Abstract: 
This paper investigates the relationship between demographics and the current account. We analyze the impact of recent demographic changes and provide a forecast of its future impact. Overall, we find a strong and robust, non-linear demographic effect. In particular, we find a positive association between the current account and the share of a population's prime-age individuals and a negative association with the share of the elderly. Our forecast suggests that, given the dramatically aging population in most industrialized countries, demographics will likely decrease the current account balance in the near future in those countries.
Subjects: 
demography
aging
current account
savings
JEL: 
F11
F32
F41
Document Type: 
Article

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