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The Developed World's Demographic Transition
Sabine Jokisch
其他書名
Implications for Fiscal Policy and the International Macroeconomy
出版Mohr Siebeck, 2006
主題Business & Economics / Finance / GeneralBusiness & Economics / Public FinancePolitical Science / Public Policy / Economic Policy
ISBN316148861X9783161488610
URLhttp://books.google.com.hk/books?id=bRUAwQEACAAJ&hl=&source=gbs_api
註釋Due to a period of low fertility rates and steadily rising life expectancies, almost all industrialized countries are experiencing an enormous increase in the number of old people. Sabine Jokisch analyzes the fiscal and macroeconomic impact of population aging in the US, the EU and Japan within a dynamic general equilibrium model with overlapping generations. In all three regions, the demographic transition leads to a dramatic increase in payroll tax rates. The study further simulates different reform proposals in order to analyze whether or not these could alleviate the demographic stresses. Radical pension reforms, such as full privatization of the pension system, are most promising.