Population Aging in Japan Demographic Shock and Fiscal Sustainability

Population Aging in Japan Demographic Shock and Fiscal Sustainability

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper''s objecti...

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1. Verfasser: Mühleisen, Martin (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2001
Schriftenreihe:IMF Working Papers Working Paper No. 01/40
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Beschreibung
Zusammenfassung:The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper''s objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan''s government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare. The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper''s objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan''s government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare. The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper''s objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan''s government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare
Beschreibung:1 Online-Ressource (29 p)
ISBN:1451845979
9781451845976

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