{"id":55525,"date":"2023-12-01T18:46:43","date_gmt":"2023-12-01T17:46:43","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/makrooekonomische-folgen-der-demografischen-alterung-simulationen-fuer-deutschland-japan-und-die-usa-bis-2050\/"},"modified":"2025-10-22T22:20:46","modified_gmt":"2025-10-22T20:20:46","slug":"makrooekonomische-folgen-der-demografischen-alterung-simulationen-fuer-deutschland-japan-und-die-usa-bis-2050","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55525\/","title":{"rendered":"Macroeconomic Consequences of Demographic Ageing: Simulations Until 2050"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55525","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The change in the age structure of a society has far\u00adreaching consequences for the macroeconomic development of an economy. One of the expected consequences of an ageing population is that labour productivity and real GDP per capita will decline. This article presents results from combining the European Commission's approach to long\u00adterm forecasting with regression analyses covering the relation between macroeconomic key variables and indicators of demographic change. The simulation results for Germany, Japan and the USA through 2050 show how key macroeconomic indicators (labour productivity, GDP per capita, savings rate, investment rate, inflation rate and current account balance) change due to ageing. Countries with rapidly aging populations such as Japan and Germany in particular should expect a noticeable slowdown in the growth of real GDP per capita.","onlinedate":"2020-01-01 01:00:00","lang":"German","publication_series":"","publication_date":"20200101","publication_date_year":"2020","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.wirtschaftsdienst.eu\/inhalt\/jahr\/2020\/heft\/12\/beitrag\/makrooekonomische-folgen-der-demografischen-alterung.html","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"100","monthly_report_pages":"958-963","monthly_report_pages_sort":"958","issue":"12","journal":"Zeitschrift f\u00fcr Wirtschaftspolitik","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[3641,12319,12325,3899],"persons_data":"[{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]},{\"personId\":12319,\"personName\":\"Martina Lizarazo L\u00f3pez\",\"organisationNames\":[]},{\"personId\":12325,\"personName\":\"Thie\u00df Petersen\",\"organisationNames\":[]},{\"personId\":3899,\"personName\":\"Thomas Url\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[49624],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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