Title Quantifying impact of aging population on fiscal space / prepared by Seok Gil Park.

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Description	1 online resource : illustrations.
	text file
Series	IMF working paper ; WP/12/164
	IMF working paper ; WP/12/164.
Bibliography	Includes bibliographical references.
Summary	This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space.
Local Note	eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject	Population aging -- Group of Seven countries -- Econometric models.
	Population aging.
	Group of Seven countries.
	Econometric models.
	Fiscal policy -- Group of Seven countries -- Econometric models.
	Fiscal policy.
Genre/Form	Electronic books.
Added Author	International Monetary Fund. Fiscal Affairs Department.
ISBN	1475516274 electronic book
	9781475516272 electronic book