The Global Impact of Demographic Change

The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium four-country...

Full description

Bibliographic Details
Main Author: Callen, Tim
Other Authors: Batini, Nicoletta, McKibbin, Warwick
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02810nmm a2200589 u 4500
001 EB000932458
003 EBX01000000000000000726054
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451862690 
100 1 |a Callen, Tim 
245 0 0 |a The Global Impact of Demographic Change  |c Tim Callen, Warwick McKibbin, Nicoletta Batini 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2006 
300 |a 36 pages 
651 4 |a Japan 
653 |a Population & demography 
653 |a Health 
653 |a Wealth 
653 |a Economics of the Handicapped 
653 |a Demographic Trends, Macroeconomic Effects, and Forecasts 
653 |a Investment 
653 |a Non-labor Market Discrimination 
653 |a Demographic Economics: General 
653 |a Saving 
653 |a Long-term Capital Movements 
653 |a Demographic transition 
653 |a Intangible Capital 
653 |a Economics of the Elderly 
653 |a Aging 
653 |a Population aging 
653 |a Health economics 
653 |a Population and demographics 
653 |a Health: General 
653 |a Population growth 
653 |a Demography 
653 |a Population 
653 |a Population & migration geography 
653 |a Macroeconomics: Consumption 
653 |a Capacity 
653 |a Demographic change 
653 |a Capital 
653 |a International Investment 
700 1 |a Batini, Nicoletta 
700 1 |a McKibbin, Warwick 
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 10.5089/9781451862690.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2006/009/001.2006.issue-009-en.xml?cid=18763-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium four-country model containing demographics calibrated to the "medium variant" of the United Nations population projections. We find that population aging in industrial countries will reduce aggregate growth in these regions over time, but should boost growth in developing countries over the next 20-30 years, as the relative size of their workingage populations increases. Demographic change will also affect saving, investment, and capital flows, implying changes in global trade balances and asset prices. We also explore the sensitivity of the results to assumptions about future productivity growth and country external risk for the developing country region