Working Papers in full text
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
Macroeconomic Effects and Policy Challenges of Population Aging
|
Author/Editor: |
Tamirisa, Natalia T. | Faruqee, Hamid |
| Authorized for Distribution: |
April 1, 2006 |
|
Electronic Access: |
Free Full Text (PDF file size is 594KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
|
|
Summary: This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability.
|
|
|
|
Series: |
Working Paper No. 06/95 |
|
Subject(s): |
Aging | Czech Republic | Economic growth | Economic models | Labor policy | Population |
|
Author's keyword(s): |
Population
| aging
| simulation
| general equilibrium model
|
|
|
|
|
| |
Published: |
|
April 1, 2006 |
|
|
|
|
| |
ISBN/ISSN: |
|
0 / 1934-7073 |
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA2006095 |
|
Pages: |
|
23 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
|
