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Quantifying impact of aging population on fiscal space /
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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Place of publication not identified] :
International Monetary Fund,
2012.
|
| Colección: | IMF working paper ;
WP/12/164. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Park, Seok Gil, |e author. | |
| 245 | 1 | 0 | |a Quantifying impact of aging population on fiscal space / |c prepared by Seok Gil Park. |
| 260 | |a [Place of publication not identified] : |b International Monetary Fund, |c 2012. | ||
| 300 | |a 1 online resource : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/12/164 | |
| 504 | |a Includes bibliographical references. | ||
| 520 | |a 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. | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Model; III. Calibration; IV. Results; V. Concluding Remarks; Tables; 1. Parameters for Labor/Leisure Choice; 2. Variables to be Calibrated for Country-Specific Data; 3. Parameters Common to Countries; Figures; 1. Hours Worked Per Person and Aging Trend; 2. Aging Trend and Changes in Parameters for Labor/Leisure Decision; 3. Labor Laffer Curve with CD Preference; 4. Labor Laffer Curve with CFE Preference; 5. Capital Laffer Curve with CD Preference; 6. Capital Laffer Curve with CFE Preference; 7. Tax Revenue Decomposition and Tax Bases. | |
| 505 | 8 | |a 8. Tax Revenue Ratio, Hours Worked, and Output9. Iso-Revenue Curve (CD Preference); 10. Decrease in Fiscal Space vs. Decrease in Labor Supply; References. | |
| 546 | |a English. | ||
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Population aging |z Group of Seven countries |x Econometric models. | |
| 650 | 0 | |a Fiscal policy |z Group of Seven countries |x Econometric models. | |
| 650 | 6 | |a Vieillissement de la population |z Pays du Groupe des Sept |x Modèles économétriques. | |
| 650 | 6 | |a Politique fiscale |z Pays du Groupe des Sept |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Infrastructure. |2 bisacsh | |
| 650 | 7 | |a SOCIAL SCIENCE |x General. |2 bisacsh | |
| 650 | 7 | |a Fiscal policy |x Econometric models. |2 fast |0 (OCoLC)fst00925810 | |
| 651 | 7 | |a Group of Seven countries. |2 fast |0 (OCoLC)fst01276312 | |
| 650 | 2 | |a Public Policy | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. | |
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| 830 | 0 | |a IMF working paper ; |v WP/12/164. | |
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