The Economic Dynamics of an Ageing Population: The Case of Four OECD Countries
Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labour ratios and the welfare and behaviour of different generations requires the use of a d...
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| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1989
|
| Series: | OECD Economics Department Working Papers
no.62 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labour ratios and the welfare and behaviour of different generations requires the use of a dynamic general equilibrium model. This paper uses an overlapping generations demographic simulation model, which incorporates bequest behaviour, technological change, the possibility that the economy is open to international trade, and government consumption expenditures that depend on the age composition of the population. The model has been further adapted to study the effects of anticipated demographic changes in Japan, the Federal Republic of Germany, Sweden and the United States. The simulation results indicate that these changes could have a major impact on rates of national saving, real wage rate and current accounts. One of this paper's fundamental lessons is that allowing for general ... |
| Physical Description: | 1 Online-Ressource (42 Seiten) 21 x 29.7cm. |
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| spelling | Auerbach, Alan J... VerfasserIn aut The Economic Dynamics of an Ageing Population The Case of Four OECD Countries Alan J., Auerbach ... [et al] Paris OECD Publishing 1989 1 Online-Ressource (42 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.62 Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labour ratios and the welfare and behaviour of different generations requires the use of a dynamic general equilibrium model. This paper uses an overlapping generations demographic simulation model, which incorporates bequest behaviour, technological change, the possibility that the economy is open to international trade, and government consumption expenditures that depend on the age composition of the population. The model has been further adapted to study the effects of anticipated demographic changes in Japan, the Federal Republic of Germany, Sweden and the United States. The simulation results indicate that these changes could have a major impact on rates of national saving, real wage rate and current accounts. One of this paper's fundamental lessons is that allowing for general ... Economics Kotlikoff, Laurence J... MitwirkendeR ctb Hagemann, Robert P... MitwirkendeR ctb Nicoletti, Giuseppe MitwirkendeR ctb |
| spellingShingle | Auerbach, Alan J.. The Economic Dynamics of an Ageing Population The Case of Four OECD Countries Economics |
| title | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries |
| title_auth | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries |
| title_exact_search | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries |
| title_full | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries Alan J., Auerbach ... [et al] |
| title_fullStr | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries Alan J., Auerbach ... [et al] |
| title_full_unstemmed | The Economic Dynamics of an Ageing Population The Case of Four OECD Countries Alan J., Auerbach ... [et al] |
| title_short | The Economic Dynamics of an Ageing Population |
| title_sort | economic dynamics of an ageing population the case of four oecd countries |
| title_sub | The Case of Four OECD Countries |
| topic | Economics |
| topic_facet | Economics |
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