Economic Implications of China's Demographics in the 21st Century

This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will bec...

Full description

Bibliographic Details
Main Author: Cheng, Kevin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02788nmm a2200661 u 4500
001 EB000932227
003 EBX01000000000000000725823
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451844825 
100 1 |a Cheng, Kevin 
245 0 0 |a Economic Implications of China's Demographics in the 21st Century  |c Kevin Cheng 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2003 
300 |a 31 pages 
651 4 |a China, People's Republic of 
653 |a Public expenditure review 
653 |a Women 
653 |a Economics of the Handicapped 
653 |a Demographic Trends, Macroeconomic Effects, and Forecasts 
653 |a Public finance & taxation 
653 |a Intangible Capital 
653 |a Economics of the Elderly 
653 |a Aging 
653 |a National Government Expenditures and Related Policies: General 
653 |a Labor 
653 |a Women & girls 
653 |a Population and demographics 
653 |a Demography 
653 |a Population 
653 |a Macroeconomics 
653 |a Capacity 
653 |a Capital 
653 |a Income economics 
653 |a Forecasting and Simulation: Models and Applications 
653 |a Population & demography 
653 |a Gender studies 
653 |a Investment 
653 |a Labour 
653 |a Demographic Economics: General 
653 |a Non-labor Market Discrimination 
653 |a Economics of Gender 
653 |a Non-labor Discrimination 
653 |a Population aging 
653 |a Expenditure 
653 |a Labor Economics: General 
653 |a Expenditures, Public 
653 |a Public Finance 
653 |a Women's Studies 
653 |a Gender 
653 |a Labor economics 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451844825.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2003/029/001.2003.issue-029-en.xml?cid=16270-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will become less productive. Consequently, if international capital mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no significant link between demographic structures and per capita income growth