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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Abstract
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 > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics |
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