Saving and Demographic Change: The Global Dimension

Saving and Demographic Change: the Global Dimension

Falling long-term interest rates worldwide have led some policy-makers to speculate on the emergence of a glut of global saving (Bernanke, 2005). The global trend contrasts markedly with that of the United States, where the public discussion has focused on an ongoing decline of private saving and the re-emergence of large budget deficits. The absence of saving in the United States, in conjuncti...

Demographic Change, Saving and Asset Prices: Theory and Evidence

Population ageing and pension reform will have profound effects on international capital markets. First, population ageing alters the time path of aggregate savings within individual countries. Second, this process may be amplifi ed when a pension reform shifts old-age provision towards more pre-funding. Third, while the patterns of population ageing are similar in most countries, timing and in...

9603 Demographic Change , Generational Accounts , and National Saving in the United States

The recently developed method of generational accounting facilitates detailed measurement of fiscal policy’s impact on the intergenerational distribution of resources. Earlier studies for the United States, using the Social Security Administration’s intermediate population projections, concluded that current U.S. fiscal policy embodies a significant generational imbalance. This paper examines t...

Perspectives of Research Into the Human Dimension of Global Change

the relationship between field-related cognitive styles and global reading comprehension of hypertext

this study investigates the relationship between field-related cognitive styles and global reading comprehension of hypertext. technically, field dependency is prevailing dominance of field on perception of parts, while global comprehension is skim-like reading to grasp the general content. in this research project, 60 senior and junior students of arak university majoring in english literature...