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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...
Persistent link: https://www.econbiz.de/10010938404
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...
Persistent link: https://www.econbiz.de/10010938421
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...
Persistent link: https://www.econbiz.de/10011252402
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...
Persistent link: https://www.econbiz.de/10004972969
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...
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