Pop Age

The implications of an ageing population for the UK economy Garry Young garry.young@bankofengland.co.uk The views uttered in this radical be those of the author and do non necessarily reflect those of the vagabond of England. I am delightful to seminar participants at the affirm of England, monetary Services Authority and depicted object Institute of Economic and adoring Research and two anon. referees for comments on earlier drafts. This c all everyplace has been prep ard as priming to a teach on the implications of an ageing population for the pecuniary services industry and its regulation. This wider determine is being conducted by the fiscal Services Authority in co-operation with the till of England. Copies of operative document may be obtained from Publications Group, Bank of England, Threadneedle Street, London, EC2R 8AH; telephone 020 7601 4030, fax 020 7601 3298, electronic mail mapublications@bankofengland.co.uk Working papers ar in like manner available at www.bankofengland.co.uk/wp/index.html The Bank of Englands running(a) paper series is extern anyy refereed. © Bank of England 2002 ISSN 1368-5562 Contents annul Summary 1. Introduction 2. demographic change in the linked kingdom 3. Assessing the mend of demographic change 4.

The in all likelihood impact of demographic change on addition prices and rates of deteriorate 5. coating References Charts 5-7 5 7 9 10 19 29 34 38 40 3 generalisation This paper considers the likely reading of store up living standards in the United Kingdom over the course of this century and whatsoever of the risks to this outlook. It argues that crimson downstairs relatively cautious assumptions about technical progress and jacket public opinion poll accumulation, aggregate living standards (as measurable by GDP per head) are set to double over the next 50 years. objet dart at that place 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 individual(a)s and individual cohorts. These risks...If you wish to get a right essay, order it on our website: Ordercustompaper.com

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