IMF Staff papers, Volume 37 No. 3.

This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF's multiregion econometric model (MULTIMOD). The study highlights that an older population will consum...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. Research Dept
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1990.
Series:IMF Staff Papers; IMF Staff Papers ; No. 1990/003
Acceso en liña:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF's multiregion econometric model (MULTIMOD). The study highlights that an older population will consume more of aggregate disposable income, require higher government expenditure, and decrease labor supply. These effects should raise real interest rates and lower capital stock and output. Effects on current balances will depend on the relative speed and extent of aging. 
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