Advanced Search
MyIDEAS: Login

The Impact of Population Aging on the Socially Optimal Rate of National Saving: A Comparison of Australia and Japan

Contents:

Author Info

  • Guest, Ross
  • McDonald, Ian

Abstract

This paper calculates, using a representative-agent model of a small open economy, the optimal rate of national saving for Australia and Japan for the period from the middle 1990s to 2050. The calculations focus on the implications of making allowance for the aging structure of the population in both economies on employment participation, consumption demands, and labor productivity. It is found that for Australia the optimal rate of national saving increases up to the year 2011 and then decreases. For Japan the optimal national saving rate decreases from the mid-1990s until 2020. The subsequent pattern to 2050 is generally one of decrease with the exact pattern being sensitive to the weight placed on the consumption demands of old people. The contrast in these patterns between Australia and Japan is due to the fact that, compared with Australia, the aging effect on the structure of population in Japan occurs sooner and will be of greater severity. Copyright 2001 by Blackwell Publishing Ltd

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=rode&volume=5&issue=2&year=2001&part=null
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Wiley Blackwell in its journal Review of Development Economics.

Volume (Year): 5 (2001)
Issue (Month): 2 (June)
Pages: 312-27

as in new window
Handle: RePEc:bla:rdevec:v:5:y:2001:i:2:p:312-27

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=1363-6669

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. John Janssen, 2002. "Long-term fiscal projections and their relationship with the intertemporal budget constraint: An application to New Zealand," Treasury Working Paper Series 02/05, New Zealand Treasury.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:rdevec:v:5:y:2001:i:2:p:312-27. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.