04340oam 22011054 450 991078852130332120230829002151.01-4623-0137-11-4527-5620-11-282-39209-397866138205251-4519-0889-X(CKB)3360000000443092(EBL)3014400(SSID)ssj0000942099(PQKBManifestationID)11500771(PQKBTitleCode)TC0000942099(PQKBWorkID)10972021(PQKB)10837854(OCoLC)712989263(MiAaPQ)EBC3014400(IMF)WPIEE2006095(EXLCZ)99336000000044309220020129d2006 uf 0engur|n|---|||||txtccrMacroeconomic Effects and Policy Challenges of Population Aging /Hamid Faruqee, Natalia TamirisaWashington, D.C. :International Monetary Fund,2006.1 online resource (25 p.)IMF Working Papers"April 2006."1-4518-6355-1 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THEORY AND MODEL""; ""III. CALIBRATION AND EXPERIMENTS""; ""IV. SIMULATIONS""; ""V. CONCLUSION""; ""REFERENCES""This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability.IMF Working Papers; Working Paper ;No. 2006/095Population agingEconomic aspectsAge distribution (Demography)LaborimfMacroeconomicsimfDemographyimfEconomics of the ElderlyimfEconomics of the HandicappedimfNon-labor Market DiscriminationimfDemand and Supply of Labor: GeneralimfDemographic Economics: GeneralimfFiscal PolicyimfLabor Standards: Labor Force CompositionimfPopulation & demographyimfLabourimfincome economicsimfAgingimfLabor supplyimfPopulation and demographicsimfFiscal consolidationimfLabor force participationimfPopulation agingimfLabor marketimfPopulationimfFiscal policyimfCzech RepublicimfPopulation agingEconomic aspects.Age distribution (Demography)LaborMacroeconomicsDemographyEconomics of the ElderlyEconomics of the HandicappedNon-labor Market DiscriminationDemand and Supply of Labor: GeneralDemographic Economics: GeneralFiscal PolicyLabor Standards: Labor Force CompositionPopulation & demographyLabourincome economicsAgingLabor supplyPopulation and demographicsFiscal consolidationLabor force participationPopulation agingLabor marketPopulationFiscal policyFaruqee Hamid1462084Tamirisa Natalia1098414DcWaIMFBOOK9910788521303321Macroeconomic Effects and Policy Challenges of Population Aging3670935UNINA