05120oam 22011654 450 991078852120332120230829002146.01-4623-8916-31-4527-5418-71-282-39210-797866138205321-4519-0882-2(CKB)3360000000443093(EBL)3014402(SSID)ssj0000941206(PQKBManifestationID)11509464(PQKBTitleCode)TC0000941206(PQKBWorkID)10963998(PQKB)11159475(OCoLC)712989264(MiAaPQ)EBC3014402(IMF)WPIEE2006087(EXLCZ)99336000000044309320020129d2006 uf 0engur|n|---|||||txtccrHong Kong Special Administrative Region : Macroeconomic Impact of an Aging Population in a Highly Open Economy /Lamin LeighWashington, D.C. :International Monetary Fund,2006.1 online resource (19 p.)IMF Working Papers"October 2006."1-4518-6347-0 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/087Population agingEconomic aspectsChinaHong KongAge distribution (Demography)ChinaHong KongPublic FinanceimfProduction and Operations ManagementimfDemographyimfEconomics of the ElderlyimfEconomics of the HandicappedimfNon-labor Market DiscriminationimfHuman CapitalimfSkillsimfOccupational ChoiceimfLabor ProductivityimfDemographic Economics: GeneralimfDemographic Trends, Macroeconomic Effects, and ForecastsimfNational Government Expenditures and HealthimfPopulation & demographyimfMacroeconomicsimfPublic finance & taxationimfAgingimfLabor productivityimfPopulation and demographicsimfDemographic changeimfHealth care spendingimfPopulation agingimfPopulationimfDemographic transitionimfExpenditures, PublicimfHong Kong Special Administrative Region, People's Republic of ChinaimfPopulation agingEconomic aspectsAge distribution (Demography)Public FinanceProduction and Operations ManagementDemographyEconomics of the ElderlyEconomics of the HandicappedNon-labor Market DiscriminationHuman CapitalSkillsOccupational ChoiceLabor ProductivityDemographic Economics: GeneralDemographic Trends, Macroeconomic Effects, and ForecastsNational Government Expenditures and HealthPopulation & demographyMacroeconomicsPublic finance & taxationAgingLabor productivityPopulation and demographicsDemographic changeHealth care spendingPopulation agingPopulationDemographic transitionExpenditures, PublicLeigh Lamin1462083DcWaIMFBOOK9910788521203321Hong Kong Special Administrative Region3670934UNINA