Lowe airs concerns about ageing population
Increase in risk aversion could threaten productivity growth
Reserve Bank of Australia (RBA) deputy governor Philip Lowe believes the country's ageing population could become "inherently more risk averse" and less supportive of innovation.
Lowe told an audience in Sydney that although older workers can become more productive as a result of their "considerable accumulated experience", individuals in their 30s and 40s are more likely to "become an entrepreneur".
Moreover, he said, older people tend to be more risk averse in their financial decisions. "All
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