Aging Population Hinders Economic Growth Due to Public Investment Overload.
The study looked at how investing in education and healthcare for an aging population can affect economic growth. They found that there is an optimal level of public investment in human capital that can boost the economy. However, if the investment becomes too large, it can actually slow down economic growth. The researchers suggest that governments should focus on increasing education investment and encouraging private investment in human capital to improve economic growth. Additionally, they recommend increasing public physical investment to support economic growth.