LEADER 04559oam 22012014 450 001 9910969920903321 005 20250426110848.0 010 $a9786613820525 010 $a9781462301379 010 $a1462301371 010 $a9781452756202 010 $a1452756201 010 $a9781282392090 010 $a1282392093 010 $a9781451908893 010 $a145190889X 035 $a(CKB)3360000000443092 035 $a(EBL)3014400 035 $a(SSID)ssj0000942099 035 $a(PQKBManifestationID)11500771 035 $a(PQKBTitleCode)TC0000942099 035 $a(PQKBWorkID)10972021 035 $a(PQKB)10837854 035 $a(OCoLC)712989263 035 $a(IMF)WPIEE2006095 035 $a(MiAaPQ)EBC3014400 035 $a(IMF)WPIEA2006095 035 $aWPIEA2006095 035 $a(EXLCZ)993360000000443092 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomic Effects and Policy Challenges of Population Aging /$fHamid Faruqee, Natalia Tamirisa 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (25 p.) 225 1 $aIMF Working Papers 300 $a"April 2006." 311 08$a9781451863550 311 08$a1451863551 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. THEORY AND MODEL""; ""III. CALIBRATION AND EXPERIMENTS""; ""IV. SIMULATIONS""; ""V. CONCLUSION""; ""REFERENCES"" 330 3 $aThis paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/095 606 $aPopulation aging$xEconomic aspects 606 $aAge distribution (Demography) 606 $aAging$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aDemographic Economics: General$2imf 606 $aDemography$2imf 606 $aEconomics of the Elderly$2imf 606 $aEconomics of the Handicapped$2imf 606 $aFiscal consolidation$2imf 606 $aFiscal Policy$2imf 606 $aFiscal policy$2imf 606 $aIncome economics$2imf 606 $aLabor force participation$2imf 606 $aLabor market$2imf 606 $aLabor Standards: Labor Force Composition$2imf 606 $aLabor supply$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aMacroeconomics$2imf 606 $aNon-labor Market Discrimination$2imf 606 $aPopulation & demography$2imf 606 $aPopulation aging$2imf 606 $aPopulation and demographics$2imf 606 $aPopulation$2imf 607 $aCzech Republic$2imf 615 0$aPopulation aging$xEconomic aspects. 615 0$aAge distribution (Demography) 615 7$aAging 615 7$aDemand and Supply of Labor: General 615 7$aDemographic Economics: General 615 7$aDemography 615 7$aEconomics of the Elderly 615 7$aEconomics of the Handicapped 615 7$aFiscal consolidation 615 7$aFiscal Policy 615 7$aFiscal policy 615 7$aIncome economics 615 7$aLabor force participation 615 7$aLabor market 615 7$aLabor Standards: Labor Force Composition 615 7$aLabor supply 615 7$aLabor 615 7$aLabour 615 7$aMacroeconomics 615 7$aNon-labor Market Discrimination 615 7$aPopulation & demography 615 7$aPopulation aging 615 7$aPopulation and demographics 615 7$aPopulation 700 $aFaruqee$b Hamid$01810672 701 $aTamirisa$b Natalia$01098414 801 0$bDcWaIMF 906 $aBOOK 912 $a9910969920903321 996 $aMacroeconomic Effects and Policy Challenges of Population Aging$94371298 997 $aUNINA