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Record Nr. |
UNINA9910162943803321 |
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Autore |
Westelius Niklas |
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Titolo |
The Impact of Demographics on Productivity and Inflation in Japan / / Niklas Westelius, Yihan Liu |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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Descrizione fisica |
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1 online resource (19 pages) : illustrations (some color), graphs, tables |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Demography - Japan |
Industrial productivity - Japan |
Inflation |
Labor |
Production and Operations Management |
Demography |
Price Level |
Deflation |
Demographic Trends, Macroeconomic Effects, and Forecasts |
Economics of the Elderly |
Economics of the Handicapped |
Non-labor Market Discrimination |
Production |
Cost |
Capital and Total Factor Productivity |
Capacity |
Labor Standards: Labor Force Composition |
Population & demography |
Macroeconomics |
Population & migration geography |
Labour |
income economics |
Aging |
Total factor productivity |
Population growth |
Labor force participation |
Population and demographics |
Prices |
Population aging |
Industrial productivity |
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Population |
Labor market |
Japan |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace experienced lower overall inflation, while prefectures with higher population growth experienced higher inflation. The results give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and deflationary pressures. |
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