Quantifying Impact of Aging Population on Fiscal Space

Working Paper No. 12/164

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... READ MORE...

Publication date: June 2012
ISBN 9781475505122

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Publication date: June 2012