Muto, Ichiro; Oda, Takemasa; Sudo, Nao - Volkswirtschaftliche Fakultät, … - 2012
Due to a sharp decline in the fertility rate and a rapid increase in longevity, Japan's population aging is the furthest advanced in the world. In this study we explore the macroeconomic impact of population aging using a full-fledged overlapping generations model. Our model replicates well the...