Macroeconomic effects and policy challenges of population aging / prepared by Natalia T. Tamirisa and Hamid Faruqee.
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...
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| Online Access: |
Full Text (via ProQuest) |
|---|---|
| Main Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
|
| Series: | IMF working paper ;
WP/06/95. |
| Subjects: |
MARC
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| 100 | 1 | |a Tamirisa, Natalia T., |e author. | |
| 245 | 1 | 0 | |a Macroeconomic effects and policy challenges of population aging / |c prepared by Natalia T. Tamirisa and Hamid Faruqee. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, IMF Institute, |c 2006. | ||
| 300 | |a 1 online resource (23 pages) | ||
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| 347 | |a text file |2 rdaft. | ||
| 490 | 1 | |a IMF working paper ; |v WP/06/95. | |
| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. THEORY AND MODEL -- III. CALIBRATION AND EXPERIMENTS -- IV. SIMULATIONS -- V. CONCLUSION -- REFERENCES. | |
| 520 | |a 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. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Population aging |x Economic aspects. | |
| 650 | 0 | |a Age distribution (Demography) | |
| 650 | 7 | |a Age distribution (Demography) |2 fast |0 (OCoLC)fst00800160. | |
| 700 | 1 | |a Faruqee, Hamid, |e author. | |
| 776 | 0 | 8 | |i Print version: |a Tamirisia, Natalia T. |t Macroeconomic effects and policy challenges of population aging. |d [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006 |w (OCoLC)70174183. |
| 830 | 0 | |a IMF working paper ; |v WP/06/95. | |
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