Quantifying impact of aging population on fiscal space /

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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Park, Seok Gil (Autor)
Autor Corporativo: International Monetary Fund. Fiscal Affairs Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Place of publication not identified] : International Monetary Fund, 2012.
Colección:IMF working paper ; WP/12/164.
Temas:
Population aging > Group of Seven countries > Econometric models.
Fiscal policy > Group of Seven countries > Econometric models.
Public Policy
Vieillissement de la population > Pays du Groupe des Sept > Modèles économétriques.
Politique fiscale > Pays du Groupe des Sept > Modèles économétriques.
BUSINESS & ECONOMICS > Infrastructure.
SOCIAL SCIENCE > General.
Fiscal policy > Econometric models
Group of Seven countries
Acceso en línea:Texto completo
Descripción
Sumario: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 larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space.
Descripción Física:1 online resource : illustrations
Bibliografía:Includes bibliographical references.
ISBN:1475516274
9781475516272
1475505124
9781475505122
1475568754
9781475568752
1475572034
9781475572032

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