Population Aging in Japan : Demographic Shock and Fiscal Sustainability

Demographic Shock and Fiscal Sustainability

Population Aging in Japan : Demographic Shock and Fiscal Sustainability
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are to (i) estimate the output loss caused by... READ MORE...

Publication date: March 2001
ISBN 9781451845976
$15.00

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