Quantifying impact of aging population on fiscal space:
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Bibliographische Detailangaben
1. Verfasser: Park, Seok Gil (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Place of publication not identified] International Monetary Fund 2012
Schriftenreihe:IMF working paper WP/12/164
Schlagworte:
Online-Zugang:FAW01
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FLA01
Beschreibung:Includes bibliographical references
This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space
ISBN:1475516274
9781475516272

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