Macroeconomic Effects and Policy Challenges of Population Aging:
This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simu...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 06/95 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability |
| Beschreibung: | 1 Online-Ressource (23 p) |
| ISBN: | 1451863551 9781451863550 |
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| indexdate | 2024-07-10T09:35:32Z |
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| spelling | Faruqee, Hamid Verfasser aut Macroeconomic Effects and Policy Challenges of Population Aging Faruqee, Hamid Washington, D.C International Monetary Fund 2006 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/95 This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability Online-Ausg Tamirisa, Natalia T. Sonstige oth http://elibrary.imf.org/view/IMF001/04378-9781451863550/04378-9781451863550/04378-9781451863550.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Faruqee, Hamid Macroeconomic Effects and Policy Challenges of Population Aging |
| title | Macroeconomic Effects and Policy Challenges of Population Aging |
| title_auth | Macroeconomic Effects and Policy Challenges of Population Aging |
| title_exact_search | Macroeconomic Effects and Policy Challenges of Population Aging |
| title_exact_search_txtP | Macroeconomic Effects and Policy Challenges of Population Aging |
| title_full | Macroeconomic Effects and Policy Challenges of Population Aging Faruqee, Hamid |
| title_fullStr | Macroeconomic Effects and Policy Challenges of Population Aging Faruqee, Hamid |
| title_full_unstemmed | Macroeconomic Effects and Policy Challenges of Population Aging Faruqee, Hamid |
| title_short | Macroeconomic Effects and Policy Challenges of Population Aging |
| title_sort | macroeconomic effects and policy challenges of population aging |
| url | http://elibrary.imf.org/view/IMF001/04378-9781451863550/04378-9781451863550/04378-9781451863550.xml |
| work_keys_str_mv | AT faruqeehamid macroeconomiceffectsandpolicychallengesofpopulationaging AT tamirisanataliat macroeconomiceffectsandpolicychallengesofpopulationaging |