Hong Kong Special Administrative Region : : Macroeconomic Impact of an Aging Population in a Highly Open Economy / / Lamin Leigh

• Autore: Leigh Lamin
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (19 p.)
• Soggetto topico: Population aging - Economic aspects - China - Hong Kong; Age distribution (Demography) - China - Hong Kong; Public Finance; Production and Operations Management; Demography; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination; Human Capital; Skills; Occupational Choice; Labor Productivity; Demographic Economics: General; Demographic Trends, Macroeconomic Effects, and Forecasts; National Government Expenditures and Health; Population & demography; Macroeconomics; Public finance & taxation; Aging; Labor productivity; Population and demographics; Demographic change; Health care spending; Population aging; Population; Demographic transition; Expenditures, Public
• Soggetto geografico: Hong Kong Special Administrative Region, People's Republic of China
• Note generali: "October 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Hong Kong Special Administrative Region
• ISBN: 1-4623-8916-3; 1-4527-5418-7; 1-282-39210-7; 9786613820532; 1-4519-0882-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788521203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/087