Showing 1 - 10 of 181
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …
Persistent link: https://www.econbiz.de/10014395990
the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after …
Persistent link: https://www.econbiz.de/10014396157
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several...
Persistent link: https://www.econbiz.de/10014402557
Traditional fiscal indicators focused on measures of current deficits and debt miss the potentially important implications of current policies for future public finances. This could be problematic, including in the case of Europe, where population aging is expected to pose additional fiscal...
Persistent link: https://www.econbiz.de/10014402857
This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps necessary to address it. It gives a short description of the Austrian pension, health care, and long-term care systems, and describes how aging will affect the costs of these...
Persistent link: https://www.econbiz.de/10014404502
This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and assesses it in light of the experience of other countries. The...
Persistent link: https://www.econbiz.de/10014404925
This Selected Issues paper analyzes fiscal devolution in Belgium. It examines long-term fiscal strategies for meeting the fiscal burden of population aging. The paper presents estimates of the fiscal costs of population aging in Belgium, and discusses their sensitivity to underlying assumptions....
Persistent link: https://www.econbiz.de/10014406500
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security funds) accounting for about 70 percent of general government spending, the...
Persistent link: https://www.econbiz.de/10014406820
This Selected Issues paper focuses on the fiscal challenge for Belgium in coping with population aging, including the sustainability of prevailing fiscal federalism arrangements across all levels of governments. The analysis demonstrates that the current strategy of upfront consolidation is...
Persistent link: https://www.econbiz.de/10014406872