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dc.contributor.authorGuest, RS
dc.contributor.authorMcDonald, IM
dc.date.accessioned2017-05-03T11:35:27Z
dc.date.available2017-05-03T11:35:27Z
dc.date.issued2001
dc.date.modified2008-02-14T07:14:34Z
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/10072/16631
dc.description.abstractMaking allowance for the ageing structure of the population, this paper calculates the levels of optimal national saving and future living standards for Australia for the period 1999-2050. For this period, the optimal saving response to the ageing of the Australian population is for national saving to increase from its current level by 2.7 per cent of GDP by the year 2017 and then to decline to the year 2050. The implied growth of living standards is 1.20 per cent per year. Reduced immigration would reduce the rate of growth of living standards but reduced fertility would not.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoen_AU
dc.publisherThe Economic Society of Australia
dc.publisher.placeCanberra
dc.relation.ispartofpagefrom117
dc.relation.ispartofpageto134
dc.relation.ispartofissue237
dc.relation.ispartofjournalEconomic Record
dc.relation.ispartofvolume77
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchCommerce, Management, Tourism and Services
dc.subject.fieldofresearchcode14
dc.subject.fieldofresearchcode15
dc.titleAgeing, optimal national saving and future living standards in Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2001
gro.hasfulltextNo Full Text
gro.griffith.authorGuest, Ross


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