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Record Nr. |
UNINA9910968068203321 |
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Autore |
Leigh Lamin |
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Titolo |
Hong Kong Special Administrative Region : : Macroeconomic Impact of an Aging Population in a Highly Open Economy / / Lamin Leigh |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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9786613820532 |
9781462389162 |
1462389163 |
9781452754185 |
1452754187 |
9781282392106 |
1282392107 |
9781451908824 |
1451908822 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (19 p.) |
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Collana |
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Soggetti |
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Population aging - Economic aspects - China - Hong Kong |
Age distribution (Demography) - China - Hong Kong |
Aging |
Demographic change |
Demographic Economics: General |
Demographic transition |
Demographic Trends, Macroeconomic Effects, and Forecasts |
Demography |
Economics of the Elderly |
Economics of the Handicapped |
Expenditures, Public |
Health care spending |
Human Capital |
Labor Productivity |
Labor productivity |
Macroeconomics |
National Government Expenditures and Health |
Non-labor Market Discrimination |
Occupational Choice |
Population & demography |
Population aging |
Population and demographics |
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Population |
Production and Operations Management |
Public finance & taxation |
Public Finance |
Skills |
Hong Kong Special Administrative Region, People's Republic of China |
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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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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. MACROECONOMIC EFFECTS OF AGING""; ""III. SIMULATIONS AND ANALYSIS""; ""IV. INITIATIVES TAKEN BY THE HONG KONG SAR AUTHORITIES TO ADDRESS POPULATION AGING""; ""V. CONCLUSIONS""; ""References"" |
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Sommario/riassunto |
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Hong Kong SAR's population is aging rapidly. This paper concludes that, without a change in policies, aging could adversely affect growth and living standards. While higher labor productivity growth and increased migration of younger skilled workers from the Chinese mainland, would attenuate the economic impact of aging, they would not offset it fully. Aging will also put pressure on public finances, particularly as a result of rising health care costs. There is a relatively narrow window of opportunity to implement policies to lessen the impact of aging, given that the demographic effects could start setting in as early as 2015 when the working population's support ratio peaks. In recent years, the Hong Kong SAR authorities have been focusing on policies that could help limit the fiscal impact of aging, including continued expenditure restraint on non-age-sensitive areas, reform of health care financing (including introducing private health insurance system), and tax reforms. |
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