3 edition of Population aging, fiscal policies, and national saving found in the catalog.
Population aging, fiscal policies, and national saving
Young Jun Chun
|Statement||Young Jun Chun.|
|Series||NBER working paper series -- no. 12265., Working paper series (National Bureau of Economic Research) -- working paper no. 12265.|
|Contributions||National Bureau of Economic Research.|
|The Physical Object|
|Pagination||35 p. :|
|Number of Pages||35|
Compared to Europe, the future challenges of population aging and fiscal problems in the United States seem far more benign. Suggested citation: Gokhale, Jagadeesh, and Bernd Raffelhüschen. “Population Aging and Fiscal Policy in Europe and the United States,” Federal Reserve Bank of Cleveland, Economic Review, vol. 35, no. 4, pp. , 12 Cited by: policies in response to population aging. A page report issued by the International Monetary Fund in March , titled The State of Public Finances: Outlook and Medium-Term Policies After the Crisis, prepared by the IMF's Fiscal Affairs Department, discusses the far-reaching economic implications of the crisis.
Quantifying Impact of Aging Population on Fiscal Space1 Prepared by Seok Gil Park Authorized for Distribution by Abdelhak Senhadji June This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily. Population aging will affect government fiscal balances, but it is also likely to affect financial markets through other channels. Some argue that demographic changes, notably the entry of the baby boom cohort into their traditional high-saving years, contributed to the rise in stock prices during the s. They extend this argument to James M.
Nowadays population ageing is occurring all over the world, and mostly in more developed and industrialized countries. Figure 1. Household saving rate as a percentage of household disposable income (Data from OECD dataset: Economic Outlook No 88, Dec ) Population ageing mainly arises from two demographic phenomena: increasingFile Size: KB. population in the labor force, which lowers feasible consumption relative to what it would be otherwise; we show in this paper that the optimal social response to popu-lation aging would be higher national saving—the sum of private saving and public saving (or dissaving)—over the next decade equal to about 1 percent of by:
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Comment on "Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy" Laurence J. Kotlikoff. Chapter in NBER book Fiscal Policy and Management in East Asia (), Takatoshi Ito and Andrew K.
Rose, editors (p. - ) Conference held JunePublished in October by University of Chicago PressAuthor: Laurence J Kotlikoff. Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy Young Jun Chun. NBER Working Paper No.
Issued in May NBER Program(s):Program on the Economics of Aging, Public Economics Program. This paper evaluates the effects of population aging and fiscal policies on national saving in Korean situation.
Population aging will generate significant changes for the macroeconomy. As discussed in Chapter 2, barring significant changes in productivity growth, responding to population aging will require some combination of slower consumption growth and greater labor force participation, relative to an economy in which the age structure of the population is unchanged.
Fiscal Policy, Population Aging, and National Saving Douglas W. Elmendorf and Louise M. Sheiner T he federal government has recently seen an abrupt turnaround in its budget balance, from years of deﬁcits to the now-predicted years of surpluses.
This switch has been widely hailed, since many analysts believe. Shigeki Kunieda, "Comment on "Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy"," NBER Chapters, in: Fiscal Policy and Management in East Asia, pagesNational Bureau of Economic Research, Inc.
Handle: RePEc:nbr:nberch Search this site: Humanities. Architecture and Environmental Design; Art History. This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys of the s to consider the effect of demographic change on past and future U.
Fiscal policy issues in the aging societies (English) Abstract. Aging may be one of the most far-reaching processes defining the economic, fiscal, and social changes societies are likely to experience over the next 40 years. The demographic consequences of aging will have a dramatic impact on labor markets, economic Cited by: 2.
Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the.
unclear: The aging of the population and the desirability of regaining fiscal space imply that faster and larger policy changes would be better, as is widely understood by both analysts and.
participation rates of older people, private saving behav-ior, and government fiscal policies. Economic Consequences of an Aging Population FIGURE 1. Projected Shifts in Population Source: Authors’ calculations based on data from the Census Bureau () and the Social Security Administration (SSA) Office of the Chief Actuary ().
Household, corporate, and national savings Before we examine the impact of population aging on Japanese household portfolios, in this section we provide an overview of Japan’s household and private sector savings since the s. The benchmark for any analyses of household saving and portfolio decisions.
The Fiscal Consequences of Shrinking Populations Benedict Clements, Kamil Dybczak, Vitor Gaspar, 2. In many countries, population aging will pose a formidable fiscal challenge.
Today, the Population aging will have a large direct impact on public spending across the globe. National Graduate Institute for Policy Studies (GRIPS) YAMADA Tomoaki Meiji University Abstract. This paper quantitatively studies the influence o f a rapidly aging population on the financing of a public univer sal health insurance system an d the corresponding fiscal policies.
We construct a general equilibrium life -cycle model. Introduction. Demographic changes pose a serious policy challenge in the industrialized world. There is broad consensus among economists that population aging will reduce output growth and limit increases in economic welfare in most OECD countries over the coming decades (e.g.
Kohl and O’Brien, ; OECD, ).An older population will be associated with lower levels of Cited by: The Impact of Population Aging on Fiscal Policies in Germany Fanny Annemarie Kluge Septem Abstract This paper will make e ort to answer the question how population aging a ects the di erent layers of government in Germany.
I use detailed pro les for public transfer in- and out. The "graying" of America has alarmed many experts who foresee the future cost of federal health and retirement programs creating huge federal deficits and jeopardizing long-term economic growth. In this AARP Public Policy Institute Issue Paper, John Gist examines what can be done to sustain the economic security of our aging population while maintaining a healthy economy.
an inward shift of the production possibilities boundary. an increase in per capita national income. an increasingly aging population. a decrease in the capital- output ratio. A 58) One important assumption of the Neoclassical growth model is that, with a given state of technology, A) the return from successive units of a single factor.
This paper is oriented to study the relationship between demographical factors and international capital flows. We analyse the impact of ageing on foreign direct investments (FDI) and foreign portfolio investments (FPI) on a bilateral level. Firstly we present a theoretical foundation of the relationship and then we test it by an empirical model.
Federal Budget Policy with an Aging Population and Persistently Low Interest Rates by Douglas W. Elmendorf and Louise M. Sheiner. Published in vol issue 3, pages of Journal of Economic Perspectives, SummerAbstract: Some observers have argued that the projections for high and ris Cited by:.
The Fiscal Challenge of an Aging Population There’s a demographic time bomb that’s about to go off. Here’s what governments should do to get their finances in order.Administration for providing population projections and the National Institute of Aging and the National Bureau of Economic Research for providing research support.
Auerbach & Kotlikoff mental to saving are policies that redistribute toward the elderly if they Demographics, Fiscal Policy, and U.S. Saving Motivation Population Aging and Fiscal Policies I For more than half their lifetime individuals are dependent on transfers, the productive period lasts around 30 years (Mason ).
I In Germany, the public sector redistributes the majority of resources to the dependent age groups.