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Intergenerational implications of fiscal consolidation in Japan /
"In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal conso...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/197. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal consolidation would make the young worse off. Lack of fiscal consolidation would eventually increase interest rates, which would reduce output and hit young generations harder. Simulations using an overlapping generations model indicate that, from the perspective of intergenerational fairness, it would be desirable to include both social security spending reforms and revenue measures in a fiscal consolidation package. The simulations also show that delaying fiscal consolidation could be costly and worsen intergenerational resource inequality"--Page 1 |
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| Notas: | Title from PDF title page (IMF Web site, viewed August 2, 2012). "Asia and Pacific Department." "August 2012." |
| Descripción Física: | 1 online resource (25 pages) : charts |
| Bibliografía: | Includes bibliographical references (pages 20-21). |
| ISBN: | 1475522835 9781475522839 1475505477 9781475505474 1475588437 9781475588439 1475535309 9781475535303 |