| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12265 |
| 来源ID | Working Paper 12265 |
| Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy | |
| Young Jun Chun | |
| 发表日期 | 2006-05-29 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper evaluates the effects of population aging and fiscal policies on national saving in Korean situation. For the prediction of the national savings rate of Korea for the next several decades, we employ a life-cycle model, which incorporates the generational accounting approach needed to assess the distribution of fiscal burden across generations. We found that the rapid population aging and long-term budgetary imbalance will substantially lower the national savings rate in Korea. A sensitivity analysis based on an alternative model, an altruistic family model, shows that these predictions are robust to the specification of altruism among generations. In addition, the estimation results of consumption functions with respect to various kinds of wealth suggest that the annuitization of wealth due to maturing of public pensions and introduction of reverse annuity mortgage is likely to further decrease the savings rate in the future. |
| 主题 | Public Economics ; Taxation ; National Fiscal Issues ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w12265 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569919 |
| 推荐引用方式 GB/T 7714 | Young Jun Chun. Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12265.pdf（354KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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