Quantifying impact of aging population on fiscal space

Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park.

This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a...

Full description

Saved in:
Bibliographic Details
Main Author: Park, Seok Gil (Author)
Corporate Author: International Monetary Fund. Fiscal Affairs Department
Format: eBook
Language:English
Published: [Place of publication not identified] : International Monetary Fund, 2012.
Series:IMF working paper ; WP/12/164.
Subjects:
Population aging > Group of Seven countries > Econometric models.
Fiscal policy > Group of Seven countries > Econometric models.
BUSINESS & ECONOMICS > Infrastructure.
SOCIAL SCIENCE > General.
Fiscal policy > Econometric models
Group of Seven countries
Online Access:Click for online access
Description
Summary:This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space.
Physical Description:1 online resource : illustrations
Bibliography:Includes bibliographical references.
ISBN:1475516274
9781475516272
1475505124
9781475505122
1475568754
9781475568752
1475572034
9781475572032
Language:English.

Similar Items