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On financing retirement, health, and long-term care in Japan

McGrattan, Ellen R.; Miyachi, Kazuaki; Peralta-Alva, Adrian - 2018

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equilibrium overlapping generations model, specifically...

Persistent link: https://www.econbiz.de/10011978385

The impact of rapid aging and pension reform on savings and the labor supply : the case of China

He, Hui; Ning, Lei; Zhu, Dongming - 2019

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

Persistent link: https://www.econbiz.de/10012009609

Demographics, old-age transfers and the current account

Dao, Mai; Jones, Callum - 2018

Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...

Persistent link: https://www.econbiz.de/10011978549

Demographics, pension systems and the saving-investment balance

Chai, Hua; Kim, Jun-il - 2018

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10011978553

Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025

International Monetary Fund - 1989

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

Generational aspects of inclusive growth

Baduel, Bénédicte; Isakova, Asel; Ter-Martirosyan, Anna - 2021

Sharing economic benefits equitably across all segments of society includes addressing the specific challenges of different generations. At present, youth and elderly are particularly vulnerable to poverty relative to adults in their middle years. Broad-based policies should aim to foster youth...