자료유형 | 단행본 |
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서명/저자사항 | Quantifying impact of aging population on fiscal space/ prepared by Seok Gil Park. |
개인저자 | Park, Seok Gil,author. |
단체저자명 | International Monetary Fund. Fiscal Affairs Department. |
발행사항 | [Place of publication not identified]: International Monetary Fund, 2012. |
형태사항 | 1 online resource: illustrations. |
총서사항 | IMF working paper;WP/12/164 |
ISBN | 1475516274 9781475516272 |
서지주기 | Includes bibliographical references. |
요약 | 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. |
일반주제명 | Population aging --Group of Seven countries --Econometric models. Fiscal policy --Group of Seven countries --Econometric models. BUSINESS & ECONOMICS --Infrastructure. SOCIAL SCIENCE --General. |
언어 | 영어 |
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