Intergenerational implications of fiscal consolidation in Japan [electronic resource] / prepared by Kiichi Tokuoka.

By:

Tokuoka, Kiichi

Contributor(s):

International Monetary Fund. Asia and Pacific Department

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

1475522835
9781475522839

Subject(s): Genre/Form:

Electronic books.

DDC classification:

336.52 23

LOC classification:

HG3881.5.I58 W67 No. 12/197eb
HJ1391 .T65 2012eb online

Online resources:

EBSCOhost

Summary: "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].

Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

Title from PDF title page (IMF Web site, viewed Aug. 2, 2012).

"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].

Includes bibliographical references (pages 20-21).

"Asia and Pacific Department."

"August 2012."