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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Developed World's Demographic Transition: Implications for Fiscal Policy and the International Macroeconomy

The Developed World's Demographic Transition: Implications for Fiscal Policy and the International Macroeconomy

Jokisch, Sabine

Hardcover

Series: Beiträge Zur Finanzwissenschaft, Book 21

Investing & FinanceGeneral Political Science

Currently unavailable to order

ISBN10: 316148861X
ISBN13: 9783161488610
Publisher: Mohr Siebeck
Published: Mar 1 2006
Pages: 231
Weight: 1.10
Height: 0.40 Width: 5.90 Depth: 9.10
Language: English
Due to a period of low fertility rates and steadily rising life expectancies, almost all industrialized countries are experiencing an enormous increase in the number of old people. Sabine Jokisch analyzes the fiscal and macroeconomic impact of population aging in the US, the EU and Japan within a dynamic general equilibrium model with overlapping generations. In all three regions, the demographic transition leads to a dramatic increase in payroll tax rates. The study further simulates different reform proposals in order to analyze whether or not these could alleviate the demographic stresses. Radical pension reforms, such as full privatization of the pension system, are most promising.

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