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Katerina Koka
''The Impact of the Population Age Structure on the Response to Negative Asset Shocks''
( 2015, Vol. 35 No.4 )
The objective of this study is to examine how the population age structure and demographics might arbitrate the effects of an unexpected negative shock on household savings. The focus is on transitional dynamics that result due to changes in the economy's aggregate demand and the role played by the age distribution of households at the time of the shock and over the transitional period. Simulation experiments are performed using population series of different demographic scenarios.
Keywords: Asset shocks, Population Age structure
JEL: J1 - Demographic Economics: General
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
Manuscript Received : May 14 2014 Manuscript Accepted : Oct 16 2015

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