In this paper, we present an OLG simulation model with endogenous fertility in order to analyze the relationship between child benefit and fiscal burden in Japan. Our simulation results show that expansion of the child benefit will improve the welfare of current and future generations. On the...

In this paper, we present an OLG simulation model with transmission of individual ability and endogenous fertility in order to capture the effects that strengthening income redistribution, expansion of child benefit, and expansion of educational support have on economic disparity and economic...

To quantify the impacts of immigration on the Japanese economy, we present a large-scale numerical dynamic equilibrium model with OLG and a total of 16 countries and regions, both those that are industrialized including Japan, the U.S. and EU, and developing countries China, Brazil, the...

The present paper considers a simple (Keynesian) macroeconomic model to quantify impacts of the large scale earthquake in Tokyo on national economy variables such as economic growth, price level, interest rate, fiscal balance by Monte Carlo simulations. The simulations reveal that while GDP...

We have estimated each generation's lifetime benefit and burden as well as lifetime income as of 2005 by using the generational accounting model with the social security system and computed its lifetime net burden ratio (LNBR = net lifetime burden / lifetime income) As a result, the following...

The purpose of this paper is to quantify intragenerational inequality among income brackets and places of residence. To this end, the paper has estimated lifetime benefits and burdens of each cohort by using the generational accounting model. Assuming the status quo, a person with higher income...

There have been various quantitative studies both at home and abroad on the economic impact of an ageing population using an Overlapping Generations (OLG) simulation model initiated by Auerbach and Kotlikoff in 1983. The purpose of this paper is to survey the OLG models in the past...

We have developed a multi-period computable overlapping generations model to study whether ageing itself and public pension reform that aims to cope with aging make any quantitative impact on the Japanese economy. We simulate baseline scenario and a policy change scenario, and compare the...

This paper constructs a stylized general equilibrium overlapping generations model in which child-rearing costs are modeled explicitly to evaluate quantitatively the effects of a demographic transition in five Asian economies: Japan, China, Korea, Taiwan, and Singapore. The model looks at two...

We have developed a multi-period computable endogenous growth overlapping generations model generated by the accumulation of human capital. To study whether ageing itself and policy reform that aims to cope with aging make any quantitative impact through human capital formation on the Japanese...