Intergenerational implications of fiscal consolidation in Japan
Tokuoka, Kiichi.
Intergenerational implications of fiscal consolidation in Japan [electronic resource] / prepared by Kiichi Tokuoka. - [Washington, D.C.] : International Monetary Fund, ©2012. - 1 online resource (25 pages) : charts. - IMF working paper ; WP/12/197 . - IMF working paper ; WP/12/197. .
Title from PDF title page (IMF Web site, viewed Aug. 2, 2012). "Asia and Pacific Department." "August 2012."
Includes bibliographical references (pages 20-21).
"In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal consolidation would make the young worse off. Lack of fiscal consolidation would eventually increase interest rates, which would reduce output and hit young generations harder. Simulations using an overlapping generations model indicate that, from the perspective of intergenerational fairness, it would be desirable to include both social security spending reforms and revenue measures in a fiscal consolidation package. The simulations also show that delaying fiscal consolidation could be costly and worsen intergenerational resource inequality"--Page [1].
1475522835 9781475522839
Fiscal policy--Japan.
Pensions--Japan.
Social security--Japan.
Equality--Japan.
Intergenerational relations--Japan.
Equality.
Fiscal policy.
Intergenerational relations.
Pensions.
Social security.
BUSINESS & ECONOMICS / Public Finance
Japan.
Electronic books.
HG3881.5.I58 / W67 No. 12/197eb HJ1391 / .T65 2012eb online
336.52
Intergenerational implications of fiscal consolidation in Japan [electronic resource] / prepared by Kiichi Tokuoka. - [Washington, D.C.] : International Monetary Fund, ©2012. - 1 online resource (25 pages) : charts. - IMF working paper ; WP/12/197 . - IMF working paper ; WP/12/197. .
Title from PDF title page (IMF Web site, viewed Aug. 2, 2012). "Asia and Pacific Department." "August 2012."
Includes bibliographical references (pages 20-21).
"In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal consolidation would make the young worse off. Lack of fiscal consolidation would eventually increase interest rates, which would reduce output and hit young generations harder. Simulations using an overlapping generations model indicate that, from the perspective of intergenerational fairness, it would be desirable to include both social security spending reforms and revenue measures in a fiscal consolidation package. The simulations also show that delaying fiscal consolidation could be costly and worsen intergenerational resource inequality"--Page [1].
1475522835 9781475522839
Fiscal policy--Japan.
Pensions--Japan.
Social security--Japan.
Equality--Japan.
Intergenerational relations--Japan.
Equality.
Fiscal policy.
Intergenerational relations.
Pensions.
Social security.
BUSINESS & ECONOMICS / Public Finance
Japan.
Electronic books.
HG3881.5.I58 / W67 No. 12/197eb HJ1391 / .T65 2012eb online
336.52