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Macroeconomic Effects and Policy Challenges of Population Aging / / Hamid Faruqee, Natalia Tamirisa



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Autore: Faruqee Hamid Visualizza persona
Titolo: Macroeconomic Effects and Policy Challenges of Population Aging / / Hamid Faruqee, Natalia Tamirisa Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Edizione: 1st ed.
Descrizione fisica: 1 online resource (25 p.)
Soggetto topico: Population aging - Economic aspects
Age distribution (Demography)
Aging
Demand and Supply of Labor: General
Demographic Economics: General
Demography
Economics of the Elderly
Economics of the Handicapped
Fiscal consolidation
Fiscal Policy
Fiscal policy
Income economics
Labor force participation
Labor market
Labor Standards: Labor Force Composition
Labor supply
Labor
Labour
Macroeconomics
Non-labor Market Discrimination
Population & demography
Population aging
Population and demographics
Population
Soggetto geografico: Czech Republic
Altri autori: TamirisaNatalia  
Note generali: "April 2006."
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. THEORY AND MODEL""; ""III. CALIBRATION AND EXPERIMENTS""; ""IV. SIMULATIONS""; ""V. CONCLUSION""; ""REFERENCES""
Sommario/riassunto: 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.
Titolo autorizzato: Macroeconomic Effects and Policy Challenges of Population Aging  Visualizza cluster
ISBN: 1-4623-0137-1
1-4527-5620-1
1-282-39209-3
9786613820525
1-4519-0889-X
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910821265303321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2006/095