Population Aging and its Macroeconomic Implications: A Framework for Analysis

February 1, 2002

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Format: Chicago

Hamid Faruqee. Population Aging and its Macroeconomic Implications: A Framework for Analysis, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper develops a model to examine the macroeconomic implications of population aging. Using a general equilibrium framework, the analysis examines the various channels through which changes in demographics affect the economy. Age-earnings profiles are taken to summarize differences in effective labor supply across age groups and to help determine changes in consumption and saving behavior that occur over an agent's lifetime. Aggregating these supply- and demand-side effects, the implications of aging on economic activity and fiscal policy are then examined.

Subject: Aging, Demographic change, Labor, Population and demographics, Population growth

Keywords: Age-earnings distribution, Age-earnings function, Age-earnings profile, Aging, Birth rate, C. Age-earnings profile, Current account, Demographic change, Fertility rate, Life-cycle earnings path, Population Aging, Population growth, Saving, WP

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/016
Stock No:

WPIEA0162002
ISBN:

9781451843415
ISSN:

1018-5941

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