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Ageing and its macroeconomic implications in Japan

Abe, N.; (2001) Ageing and its macroeconomic implications in Japan. (CEI Working Paper Series 2001-7). Center for Economic Institutions (CEI), Institute of Economic Research, Hitotsubashi University: Tokyo, Japan.

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This paper conducts several simulations to illustrate economic growth and consumption behavior of Japanese economy where ageing and decline of population are progressing rapidly. Special attention is paid to an increase in medical expenditures and a decline of the ratio of labor forces to total population. Simulation results suggest the ongoing ageing does not have significant effects on macroeonomy compared with those of the technological progress, which shows a sharp contrast with the results of the existing literature.

Type: Working / discussion paper
Title: Ageing and its macroeconomic implications in Japan
Publisher version: http://cei.ier.hit-u.ac.jp/working/2001/main.html
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/17651
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