Age structure and the current account

Gudmundur S. Gudmundsson and Gylfi Zoega
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Gudmundur S. Gudmundsson: Universitat Pompeu Fabra

No 1307, Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics

Abstract: We adjust current account surpluses and deficits of 57 countries in the period 2005-2009 for differences in the age structure of their populations and find that these differences can account for a significant part of the variation in the data. Among the large countries we find that the adjustment increases the surpluses of Germany and Japan while the surpluses of China, Singapore, Hong Kong, Korea, Thailand, Indonesia and Malaysia are significantly diminished.

Keywords: Current account; age structure; life-cycle saving behavior. (search for similar items in EconPapers)
JEL-codes: E2 J1 (search for similar items in EconPapers)
Date: 2013-11
New Economics Papers: this item is included in nep-age, nep-mac, nep-opm and nep-sea
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https://eprints.bbk.ac.uk/id/eprint/26865 First version, 2013 (application/pdf)

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Journal Article: Age structure and the current account (2014)
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