Macroeconomic effects and policy challenges of population aging /

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Bibliographic Details
Author / Creator:Tamirisa, Natalia T., author.
Imprint:[Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Description:1 online resource (23 pages)
Language:English
Series:IMF working paper ; WP/06/95
IMF working paper ; WP/06/95.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498980
Hidden Bibliographic Details
Other authors / contributors:Faruqee, Hamid, author.
ISBN:1282392093
9781282392090
9781451908893
145190889X
Digital file characteristics:text file
Notes:Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary: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.
Other form:Print version: Tamirisia, Natalia T. Macroeconomic effects and policy challenges of population aging. [Washington, D.C.] : International Monetary Fund, IMF Institute, 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. 
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533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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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)  |0 http://id.loc.gov/authorities/subjects/sh85002081 
650 2 |a Age Distribution  |0 https://id.nlm.nih.gov/mesh/D017677 
650 6 |a Vieillissement de la population  |x Aspect économique. 
650 6 |a Répartition par âge (Démographie) 
650 7 |a Age distribution (Demography)  |2 fast  |0 (OCoLC)fst00800160 
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700 1 |a Faruqee, Hamid,  |e author.  |0 http://id.loc.gov/authorities/names/no93039304 
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.  |0 http://id.loc.gov/authorities/names/no89010263 
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