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§ 1 IntroductionPopulation aging is a common feature in developed economies.How to deal with it?Most governments turn to postponing retirement.What impact does it have on macroeco-nomic performance?For instance,if a longer working time decreases the ratio of retiredpeople to working people,does itincrease the aggregate saving rate?Doesittherefore accel-erate economic growth?We study these issues in a general equilibrium model of life cyclesavings combined with endogenous growth.An intuitiv… 相似文献
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