04440oam 22011894 450 991016294380332120230808201449.01-4755-6959-91-4755-6965-3(CKB)3710000001045036(MiAaPQ)EBC4800291(IMF)WPIEA2016237(EXLCZ)99371000000104503620020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierThe Impact of Demographics on Productivity and Inflation in Japan /Niklas Westelius, Yihan LiuWashington, D.C. :International Monetary Fund,2016.1 online resource (19 pages) illustrations (some color), graphs, tablesIMF Working Papers1-4755-5971-2 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/237DemographyJapanIndustrial productivityJapanInflationimfLaborimfProduction and Operations ManagementimfDemographyimfPrice LevelimfDeflationimfDemographic Trends, Macroeconomic Effects, and ForecastsimfEconomics of the ElderlyimfEconomics of the HandicappedimfNon-labor Market DiscriminationimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfLabor Standards: Labor Force CompositionimfPopulation & demographyimfMacroeconomicsimfPopulation & migration geographyimfLabourimfincome economicsimfAgingimfTotal factor productivityimfPopulation growthimfLabor force participationimfPopulation and demographicsimfPricesimfPopulation agingimfIndustrial productivityimfPopulationimfLabor marketimfIncome economicsimfJapanimfDemographyIndustrial productivityInflationLaborProduction and Operations ManagementDemographyPrice LevelDeflationDemographic Trends, Macroeconomic Effects, and ForecastsEconomics of the ElderlyEconomics of the HandicappedNon-labor Market DiscriminationProductionCostCapital and Total Factor ProductivityCapacityLabor Standards: Labor Force CompositionPopulation & demographyMacroeconomicsPopulation & migration geographyLabourincome economicsAgingTotal factor productivityPopulation growthLabor force participationPopulation and demographicsPricesPopulation agingIndustrial productivityPopulationLabor marketIncome economics304.60952Westelius Niklas1449380Liu Yihan1377331DcWaIMFBOOK9910162943803321The Impact of Demographics on Productivity and Inflation in Japan3647624UNINA