Macroeconomic effects and policy challenges of population aging / prepared by Natalia T. Tamirisa and Hamid Faruqee.

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. Simu...

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Bibliographic Details
Main Authors: Tamirisa, Natalia T. (Author), Faruqee, Hamid (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:IMF working paper ; WP/06/95.
Subjects:
Online Access:Click for online access

MARC

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100 1 |a Tamirisa, Natalia T.,  |e author. 
245 1 0 |a Macroeconomic effects and policy challenges of population aging /  |c prepared by Natalia T. Tamirisa and Hamid Faruqee. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, IMF Institute,  |c 2006. 
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520 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a Contents -- I. INTRODUCTION -- II. THEORY AND MODEL -- III. CALIBRATION AND EXPERIMENTS -- IV. SIMULATIONS -- V. CONCLUSION -- REFERENCES 
650 0 |a Population aging  |x Economic aspects. 
650 0 |a Age distribution (Demography) 
650 7 |a Age distribution (Demography)  |2 fast 
700 1 |a Faruqee, Hamid,  |e author. 
776 0 8 |i Print version:  |a Tamirisia, Natalia T.  |t Macroeconomic effects and policy challenges of population aging.  |d [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006  |w (OCoLC)70174183 
830 0 |a IMF working paper ;  |v WP/06/95. 
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