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Population Aging, Intergenerational Transfers and the Macroeconomy. Edited by Robert Clark, Naohiro Ogawa and Andrew Mason. Edward Elgar, 2007, ISBN 978-1-84720-099-0, 320 pages.

Published online by Cambridge University Press:  02 October 2009

Tim Ganser
Tim Ganser
Affiliation:
NBER
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Abstract

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Type
Book Review
Information
Journal of Pension Economics & Finance , Volume 8 , Issue 4 , October 2009 , pp. 529 - 530
Copyright
Copyright © Cambridge University Press 2009

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References

1 The first demographic dividend refers to the transitory increase in consumption due to the higher support ratio early in the demographic transition. The second demographic dividend refers to a permanent increase in consumption in the future due to an accumulation of assets during the demographic transition.