1.

Record Nr.

UNINA990001218100403321

Autore

Budden, F.J.

Titolo

Complex numbers and their applications / F. J. Budden

Pubbl/distr/stampa

London : Longmans, c1968

ISBN

0-582-31757-6

Collana

Mathematical topics

Disciplina

512.73

Locazione

MA1

Collocazione

10-F-1

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910961749403321

Autore

Park Seok

Titolo

Quantifying Impact of Aging Population on Fiscal Space / / Seok Park

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

9781475572032

1475572034

9781475568752

1475568754

Edizione

[1st ed.]

Descrizione fisica

1 online resource (26 p.)

Collana

IMF Working Papers

Disciplina

332.152

Soggetti

Finance, Public

Population policy

Demographic Trends, Macroeconomic Effects, and Forecasts

Expenditure

Expenditures, Public

Fiscal Policy

Fiscal policy

Fiscal space

Income economics

Income tax

Labor economics



Labor Economics: General

Labor taxes

Labor

Labour

Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Macroeconomics

National Government Expenditures and Related Policies: General

Personal Income and Other Nonbusiness Taxes and Subsidies

Public finance & taxation

Public Finance

Revenue administration

Revenue

Taxation

Taxation, Subsidies, and Revenue: General

Welfare & benefit systems

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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 Output 9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References

Sommario/riassunto

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.