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019 ▼a 796937130 ▼a 802660128 ▼a 961489486 ▼a 962625587 ▼a 966211143 ▼a 988439838 ▼a 992090235
020 ▼a 1475516274 ▼q (electronic bk.)
020 ▼a 9781475516272 ▼q (electronic bk.)
020 ▼z 9781475505122
020 ▼z 9781475568752
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1001 ▼a Park, Seok Gil, ▼e author.
24510 ▼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
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
347 ▼a data file ▼2 rda
4901 ▼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.
590 ▼a eBooks on EBSCOhost ▼b All EBSCO eBooks
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 7 ▼a BUSINESS & ECONOMICS ▼x Infrastructure. ▼2 bisacsh
650 7 ▼a SOCIAL SCIENCE ▼x General. ▼2 bisacsh
655 4 ▼a Electronic books.
7102 ▼a International Monetary Fund. ▼b Fiscal Affairs Department.
830 0 ▼a IMF working paper ; ▼v WP/12/164.
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