Showing 1 - 10 of 248
This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of …Cover -- Contents -- Abstract -- I. Introduction -- II. The Pension System and Past Reforms in Japan -- III. Pension … Contribution Rates -- D. Reducing Preferential Treatments -- IV. Conclusion -- Tables -- 1. Japan: Options to Reduce Government for …
Persistent link: https://www.econbiz.de/10012690157
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...
Persistent link: https://www.econbiz.de/10009618513
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages...
Persistent link: https://www.econbiz.de/10009706770
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits,...
Persistent link: https://www.econbiz.de/10012677583
We analyze how aging populations might affect the stability of banking systems through changes in the balance sheets and risk preferences of banks over the period 2000-2022. While the anticipated decline in maturity transformation due to aging hints at a possible reduction in risk exposure, an...
Persistent link: https://www.econbiz.de/10015080328
Climate and demographic changes are two major long-term trends that are evolving simultaneously. The global population is aging, while climate change is increasing the frequency and severity of weather-related disasters and lowering productivity. This paper examines the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10015059886
outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased … increase spending on health, education, and social safetynets; labor market reforms to boost the labor share of total income …
Persistent link: https://www.econbiz.de/10011242249
This paper conducts micro-simulations to study the distributional effects of several tax measures in Japan, considering … households' heterogeneity in terms of both income and wealth. Simulation results suggest that increasing the consumption tax rate … and strengthening the recurrent tax on immovable property would weigh more heavily on low-income households with large …
Persistent link: https://www.econbiz.de/10015060234
Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....
Persistent link: https://www.econbiz.de/10012691040
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … affect the labor income distribution of the next generation? We tackle both questions empirically using detailed … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …
Persistent link: https://www.econbiz.de/10015057904