Quantifying impact of aging population on fiscal space /:
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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaft: | |
| 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: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475516274 9781475516272 1475505124 9781475505122 1475568754 9781475568752 1475572034 9781475572032 |
Internformat
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| 520 | |a 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. | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Model; III. Calibration; IV. Results; V. Concluding Remarks; Tables; 1. Parameters for Labor/Leisure Choice; 2. Variables to be Calibrated for Country-Specific Data; 3. Parameters Common to Countries; Figures; 1. Hours Worked Per Person and Aging Trend; 2. Aging Trend and Changes in Parameters for Labor/Leisure Decision; 3. Labor Laffer Curve with CD Preference; 4. Labor Laffer Curve with CFE Preference; 5. Capital Laffer Curve with CD Preference; 6. Capital Laffer Curve with CFE Preference; 7. Tax Revenue Decomposition and Tax Bases. | |
| 505 | 8 | |a 8. Tax Revenue Ratio, Hours Worked, and Output9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References. | |
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| 650 | 0 | |a Population aging |z Group of Seven countries |x Econometric models. | |
| 650 | 0 | |a Fiscal policy |z Group of Seven countries |x Econometric models. | |
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| 650 | 6 | |a Vieillissement de la population |z Pays du Groupe des Sept |x Modèles économétriques. | |
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Datensatz im Suchindex
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| adam_text | |
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| author | Park, Seok Gil |
| author_GND | http://id.loc.gov/authorities/names/no2012009696 |
| author_corporate | International Monetary Fund. Fiscal Affairs Department |
| author_corporate_role | |
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| contents | Cover; Contents; I. Introduction; II. Model; III. Calibration; IV. Results; V. Concluding Remarks; Tables; 1. Parameters for Labor/Leisure Choice; 2. Variables to be Calibrated for Country-Specific Data; 3. Parameters Common to Countries; Figures; 1. Hours Worked Per Person and Aging Trend; 2. Aging Trend and Changes in Parameters for Labor/Leisure Decision; 3. Labor Laffer Curve with CD Preference; 4. Labor Laffer Curve with CFE Preference; 5. Capital Laffer Curve with CD Preference; 6. Capital Laffer Curve with CFE Preference; 7. Tax Revenue Decomposition and Tax Bases. 8. Tax Revenue Ratio, Hours Worked, and Output9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References. |
| ctrlnum | (OCoLC)903698629 |
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| indexdate | 2024-10-25T16:22:29Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n81027435 |
| isbn | 1475516274 9781475516272 1475505124 9781475505122 1475568754 9781475568752 1475572034 9781475572032 |
| language | English |
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| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Park, Seok Gil, author. http://id.loc.gov/authorities/names/no2012009696 Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park. [Place of publication not identified] : International Monetary Fund, 2012. 1 online resource : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/164 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. Cover; Contents; I. Introduction; II. Model; III. Calibration; IV. Results; V. Concluding Remarks; Tables; 1. Parameters for Labor/Leisure Choice; 2. Variables to be Calibrated for Country-Specific Data; 3. Parameters Common to Countries; Figures; 1. Hours Worked Per Person and Aging Trend; 2. Aging Trend and Changes in Parameters for Labor/Leisure Decision; 3. Labor Laffer Curve with CD Preference; 4. Labor Laffer Curve with CFE Preference; 5. Capital Laffer Curve with CD Preference; 6. Capital Laffer Curve with CFE Preference; 7. Tax Revenue Decomposition and Tax Bases. 8. Tax Revenue Ratio, Hours Worked, and Output9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References. English. Population aging Group of Seven countries Econometric models. Fiscal policy Group of Seven countries Econometric models. Public Policy https://id.nlm.nih.gov/mesh/D011640 Vieillissement de la population Pays du Groupe des Sept Modèles économétriques. Politique fiscale Pays du Groupe des Sept Modèles économétriques. BUSINESS & ECONOMICS Infrastructure. bisacsh SOCIAL SCIENCE General. bisacsh Fiscal policy Econometric models fast Group of Seven countries fast International Monetary Fund. Fiscal Affairs Department. http://id.loc.gov/authorities/names/n81027435 has work: Quantifying impact of aging population on fiscal space (Text) https://id.oclc.org/worldcat/entity/E39PCGPjp9WpRwBC97Prh74QMd https://id.oclc.org/worldcat/ontology/hasWork 1-4755-1627-4 1-4755-0512-4 IMF working paper ; WP/12/164. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568184 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568184 Volltext |
| spellingShingle | Park, Seok Gil Quantifying impact of aging population on fiscal space / IMF working paper ; Cover; Contents; I. Introduction; II. Model; III. Calibration; IV. Results; V. Concluding Remarks; Tables; 1. Parameters for Labor/Leisure Choice; 2. Variables to be Calibrated for Country-Specific Data; 3. Parameters Common to Countries; Figures; 1. Hours Worked Per Person and Aging Trend; 2. Aging Trend and Changes in Parameters for Labor/Leisure Decision; 3. Labor Laffer Curve with CD Preference; 4. Labor Laffer Curve with CFE Preference; 5. Capital Laffer Curve with CD Preference; 6. Capital Laffer Curve with CFE Preference; 7. Tax Revenue Decomposition and Tax Bases. 8. Tax Revenue Ratio, Hours Worked, and Output9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References. Population aging Group of Seven countries Econometric models. Fiscal policy Group of Seven countries Econometric models. Public Policy https://id.nlm.nih.gov/mesh/D011640 Vieillissement de la population Pays du Groupe des Sept Modèles économétriques. Politique fiscale Pays du Groupe des Sept Modèles économétriques. BUSINESS & ECONOMICS Infrastructure. bisacsh SOCIAL SCIENCE General. bisacsh Fiscal policy Econometric models fast |
| subject_GND | https://id.nlm.nih.gov/mesh/D011640 |
| title | Quantifying impact of aging population on fiscal space / |
| title_auth | Quantifying impact of aging population on fiscal space / |
| title_exact_search | Quantifying impact of aging population on fiscal space / |
| title_full | Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park. |
| title_fullStr | Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park. |
| title_full_unstemmed | Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park. |
| title_short | Quantifying impact of aging population on fiscal space / |
| title_sort | quantifying impact of aging population on fiscal space |
| topic | Population aging Group of Seven countries Econometric models. Fiscal policy Group of Seven countries Econometric models. Public Policy https://id.nlm.nih.gov/mesh/D011640 Vieillissement de la population Pays du Groupe des Sept Modèles économétriques. Politique fiscale Pays du Groupe des Sept Modèles économétriques. BUSINESS & ECONOMICS Infrastructure. bisacsh SOCIAL SCIENCE General. bisacsh Fiscal policy Econometric models fast |
| topic_facet | Population aging Group of Seven countries Econometric models. Fiscal policy Group of Seven countries Econometric models. Public Policy Vieillissement de la population Pays du Groupe des Sept Modèles économétriques. Politique fiscale Pays du Groupe des Sept Modèles économétriques. BUSINESS & ECONOMICS Infrastructure. SOCIAL SCIENCE General. Fiscal policy Econometric models Group of Seven countries |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568184 |
| work_keys_str_mv | AT parkseokgil quantifyingimpactofagingpopulationonfiscalspace AT internationalmonetaryfundfiscalaffairsdepartment quantifyingimpactofagingpopulationonfiscalspace |