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 consume mor...

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Bibliographic Details
Corporate Author: International Monetary Fund Research Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Staff Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 1990 
300 |a 292 pages 
651 4 |a United States 
653 |a Interest rates 
653 |a Inflation 
653 |a Wealth 
653 |a Finance 
653 |a Monetary economics 
653 |a Currency; Foreign exchange 
653 |a Saving 
653 |a Financial services 
653 |a Real interest rates 
653 |a Deflation 
653 |a Purchasing power parity 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a International economics 
653 |a National accounts 
653 |a Derivative securities 
653 |a Foreign Exchange 
653 |a Price Level 
653 |a Saving and investment 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Real exchange rates 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Exchange rates 
653 |a Finance: General 
653 |a Foreign exchange 
653 |a Private savings 
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520 |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