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The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan … assess the impact of aging on Japan's government finances; and (ii) compare fiscal policy options with respect to their … implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis …
Persistent link: https://www.econbiz.de/10005769220
The Poverty Reduction Strategy Paper (PRSP) has been developed for eradicating poverty in Armenia. It analyzes the poverty situation of Armenia, and evaluates the methodology and methodological issues. It discusses the PRSP goals, main policy directions, solution to poverty, and the reduction of...
Persistent link: https://www.econbiz.de/10005825381
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on...
Persistent link: https://www.econbiz.de/10005826298
This paper focuses on Senegal’s second poverty reduction strategy paper (PRSP–II). It summarizes the results of the participatory PRSP review process prior to final validation and adoption by the government. As an economic and social policy document for growth and poverty reduction...
Persistent link: https://www.econbiz.de/10011242593
This Selected Issues paper for Denmark shows that a demographic shift will have several impacts on the economy. The decline in the relative size of the labor force will result in relatively fewer goods produced. This effect will be particularly strong, because a large portion of the current...
Persistent link: https://www.econbiz.de/10011244195
Persistent link: https://www.econbiz.de/10011244751
This Selected Issues paper investigates the possible contribution of activation strategies—in a broad sense—to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively the limitation of current unemployment and...
Persistent link: https://www.econbiz.de/10011244764
The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They...
Persistent link: https://www.econbiz.de/10011244857
The three-point VAT increase is part of a package in which unemployment payroll taxes will be reduced. Risks to the recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its external strength to the domestic economy, thus further...
Persistent link: https://www.econbiz.de/10011244866
It is vital to achieve both high levels of sustained, long lasting growth and better income distribution through the Accelerated Growth Strategy in Senegal. In terms of macroeconomic performance, the annual average growth rate dropped owing to exogenous shocks and low productivity in the...
Persistent link: https://www.econbiz.de/10011244968