Narrow search
Showing 1 - 10 of 211
Cover Image
A cohort-based analysis of labor force participation for advanced economies
Grigoli, Francisco; Koczan, Zsoka; Topalova, Petia - 2018
Advanced economies are in the midst of a major demographic transition, with the number of elderly rising precipitously relative to the working-age population. Yet, despite the acceleration in demographic shifts in the past decade, advanced economies experienced markedly different trajectories in...
Persistent link: https://www.econbiz.de/10011866359
Cover Image
What can boost female labor force participation in Asia?
Kinoshita, Yuko; Guo, Fang - 2015
towards non-regular employment despite women's high education levels. This paper empirically examines what helps Japan and … Korea to increase FLFP by type (i.e., regular vs. non-regular employment), using the SVAR model. In so doing, we compare … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …
Persistent link: https://www.econbiz.de/10011281943
Cover Image
Demographic transition and pension reforms : adding demographics to GIMF
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2020
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of demographic features into the model. The analysis...
Persistent link: https://www.econbiz.de/10012300678
Cover Image
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
Cover Image
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 the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609
Cover Image
Korea's growth prospects : overcoming demographics and COVID-19
Swiston, Andrew - 2021
Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...
Persistent link: https://www.econbiz.de/10012604751
Cover Image
Macroeconomic effects of Japan's demographics : can structural reforms reverse them?
Colacelli, Mariana; Fernandez Corugedo, Emilio - 2018
Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF's Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implementation of a not-fully-believed path of structural reforms can significantly...
Persistent link: https://www.econbiz.de/10011978382
Cover Image
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
Cover Image
Aging in the Asian ""Tigers"" : Challenges for Fiscal Policy
Heller, Peter S. - 1997
The paper assesses the government expenditure effects from changing demographics in the Asian “Tiger” economies through 2050. With some exceptions, their limited social insurance commitments initially suggest that aging populations may not adversely affect fiscal balances. Yet for all the...
Persistent link: https://www.econbiz.de/10014400543
Cover Image
Aging Population and Canadian Public Pension Plans
Bayoumi, Tamim - 1994
Canadian public pension plans are run on a "pay-as-you-go" basis. As the baby boom ages, contribution rates for the two main plans are projected to rise significantly, from their current level of around 5 percent of eligible earnings to over 13 percent by 2030. An alternative is to set...
Persistent link: https://www.econbiz.de/10014398062