Understanding Japanese Savings

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Publisher : Routledge
ISBN 13 : 1134793138
Total Pages : 99 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Understanding Japanese Savings by : Robert Dekle

Download or read book Understanding Japanese Savings written by Robert Dekle and published by Routledge. This book was released on 2004-11-30 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's savings are among the highest in the world, and these high rates have played a valuable role throughout the post-war period. However, over the next several decades, Japan's population will be ageing rapidly. Will this lower Japanese savings rates? Using up-to-date financial and demographical data, author Robert Dekle finds that the answer to this question is an emphatic 'yes'. Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as developing countries looking to establish public savings institutions.

Understanding Japanese Saving

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Author :
Publisher : Psychology Press
ISBN 13 : 9780415129763
Total Pages : 87 pages
Book Rating : 4.1/5 (297 download)

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Book Synopsis Understanding Japanese Saving by :

Download or read book Understanding Japanese Saving written by and published by Psychology Press. This book was released on 2005 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Using up-to-date financial and demographical data, Robert Dekle finds that the answer to this question is an emphatic "yes." The aging of the population currently under way will steadily lower Japan's savings rate from 30 percent of GDP today to 19 percent of GDP in 2040, while Japan's total investment rate will decline from 28 percent of GDP today to about 22 percent of GDP in 2040. Given the more rapid decline in total saving, Japan's current account will steadily narrow from its current level and turn to deficit around 2015." "Understanding Japanese Saving holds key lessons for Western nations undergoing similar demographic transformations as well as for developing countries looking to establish public savings institutions."--BOOK JACKET.

Understanding Japanese Savings: Does Population Aging Matter? (RoutledgeCurzon Studies in the Growth Economies of Asia ; 55)

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Author :
Publisher :
ISBN 13 : 9780203686782
Total Pages : pages
Book Rating : 4.6/5 (867 download)

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Book Synopsis Understanding Japanese Savings: Does Population Aging Matter? (RoutledgeCurzon Studies in the Growth Economies of Asia ; 55) by : Robert Dekle

Download or read book Understanding Japanese Savings: Does Population Aging Matter? (RoutledgeCurzon Studies in the Growth Economies of Asia ; 55) written by Robert Dekle and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Population Aging

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Author :
Publisher : Springer Nature
ISBN 13 : 9811655367
Total Pages : 110 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis The Political Economy of Population Aging by : Kimiko Terai

Download or read book The Political Economy of Population Aging written by Kimiko Terai and published by Springer Nature. This book was released on 2021-09-21 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates the economics of aging and insight based on political economy and explores generational conflict in the context of governmental spending. This problem is general, as the Covid-19 pandemic has highlighted: lockdowns protect the elderly, but hurt the young. Policies to address global warming impose taxes on the elderly, but would bring benefits largely in the future. This book addresses intergenerational problems by placing its focus on budget allocation, taxation, and regulation. By using Japanese and US data, the authors conduct statistical analysis of whether regions with aging populations may adopt policies that generate benefits during a short period of time instead of policies that could benefit current young generations for an extended period of time. If the policy preferences of voters depend on their age, and if policy adoption by a government reflects public opinion, the change in demographic composition in a region may affect governmental policies. In an aged society, the elderly are pivotal voters. Budgets may be reallocated from policies favored by younger generations, such as education, to policies the elderly prefer, such as welfare programs. This generates an intergenerational externality problem: voters with short life expectancy do not take into consideration long-term benefits. Moreover, the current tax bases may be replaced by other tax bases that do not harm the elderly. The results reported in the book largely support these hypotheses. Evidence also shows that the gender and racial composition and institutional factors, including the extent of fiscal decentralization, are important in anticipating effects of population aging in other countries.

Aging and Economic Growth in the Pacific Region

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Publisher : Routledge
ISBN 13 : 0415524229
Total Pages : 194 pages
Book Rating : 4.4/5 (155 download)

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Book Synopsis Aging and Economic Growth in the Pacific Region by : Akira Kohsaka

Download or read book Aging and Economic Growth in the Pacific Region written by Akira Kohsaka and published by Routledge. This book was released on 2013 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2013. Routledge is an imprint of Taylor & Francis, an informa company.

The Economic Impact of Population Decline and Aging in Japan

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Author :
Publisher : Springer
ISBN 13 : 9784431548300
Total Pages : 100 pages
Book Rating : 4.5/5 (483 download)

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Book Synopsis The Economic Impact of Population Decline and Aging in Japan by : Kohei Wada

Download or read book The Economic Impact of Population Decline and Aging in Japan written by Kohei Wada and published by Springer. This book was released on 2015-11-05 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the remarkably serious problems caused by aging and population decline in Japan, there are very few books that inform the world about them in English. Through this book, a Japanese economic demographer clearly shows the various economic consequences of population problems in Japan, especially the impacts of continuing ultra-low fertility and the world’s highest life expectancy in the post-demographic transition phase. The explanation is at a basic level but covers the overall economic issues including labor, capital, technical progress, consumption, savings and investment from a demographic perspective. Finally, some remedies for economic growth in Japan are proposed. Because economic policies are expected to have short-term effects while demographic ones to increase the fertility rate need some time to take effect, earlier books about the Japanese economy have hardly ever dealt with demographic policies. Furthermore, this book directly addresses the integrated economic and demographic policies appropriate to Japan. These are different from the French natalistic social policy, the Scandinavian policy of a work–life balance or the immigration policy in Australia or the United States. This book emphasizes the power of local communities in Japan as a part of East Asia. In this sense, the book provides a new key to readers who are interested in the future Japanese economy and population.

Implications for Savings of Aging in the Asian “Tigers”

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145185577X
Total Pages : 43 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Implications for Savings of Aging in the Asian “Tigers” by : Mr.Peter S. Heller

Download or read book Implications for Savings of Aging in the Asian “Tigers” written by Mr.Peter S. Heller and published by International Monetary Fund. This book was released on 1997-10-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Significant aging is projected for many high-saving emerging economies of East and Southeast Asia. By 2025, the share of the elderly in their populations will at least double in most of these countries. The share of the young will fall. Aging populations could adversely affect saving rates in these economies, particularly after 2025. For the world, one may observe that, initially, the Asian Tigers could become increasingly important for world savings, reflecting their increased weight in the world economy, their high saving and growth rates, and the aging of the industrial countries. After 2025, the aging of the Tigers may reinforce the tendency toward a declining world saving rate.

American Book Publishing Record

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Publisher :
ISBN 13 :
Total Pages : 854 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis American Book Publishing Record by :

Download or read book American Book Publishing Record written by and published by . This book was released on 2005 with total page 854 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aging in the United States and Japan

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226590216
Total Pages : 216 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Aging in the United States and Japan by : Yukio Noguchi

Download or read book Aging in the United States and Japan written by Yukio Noguchi and published by University of Chicago Press. This book was released on 2008-04-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japanese and American economists assess the present economic status of the elderly in the United States and Japan, and consider the impact of an aging population on the economies of the two countries. With essays on labor force participation and retirement, housing equity and the economic status of the elderly, budget implications of an aging population, and financing social security and health care in the 1990s, this volume covers a broad spectrum of issues related to the economics of aging. Among the book's findings are that workers are retiring at an increasingly earlier age in both countries and that, as the populations age, baby boomers in the United States will face diminishing financial resources as the ratio of retirees to workers sharply increases. The result of a joint venture between the National Bureau of Economic Research and the Japan Center for Economic Research, this book complements Housing Markets in the United States and Japan (1994) by integrating research on housing markets with economic issues of the aged in the United States and Japan.

Bibliographic Index

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Publisher :
ISBN 13 :
Total Pages : 820 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bibliographic Index by :

Download or read book Bibliographic Index written by and published by . This book was released on 2009 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Population Aging in Japan: Demographic Shock and Fiscal Sustainability

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451845976
Total Pages : 29 pages
Book Rating : 4.8/5 (459 download)

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Book Synopsis Population Aging in Japan: Demographic Shock and Fiscal Sustainability by : Hamid Faruqee

Download or read book Population Aging in Japan: Demographic Shock and Fiscal Sustainability written by Hamid Faruqee and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-03-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan's government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare. The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan's government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare. The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are to (i) estimate the output loss caused by demographic changes and assess the impact of aging on Japan's government finances; and (ii) compare fiscal policy options with respect to their effects on output growth and economic welfare.

Savings in the Economic Growth of Post-war Japan

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Savings in the Economic Growth of Post-war Japan by : Manas Ranjan Sinha

Download or read book Savings in the Economic Growth of Post-war Japan written by Manas Ranjan Sinha and published by . This book was released on 1964 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Population Aging, Intergenerational Transfers and the Macroeconomy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1847208584
Total Pages : 319 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Population Aging, Intergenerational Transfers and the Macroeconomy by : Robert L. Clark

Download or read book Population Aging, Intergenerational Transfers and the Macroeconomy written by Robert L. Clark and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Population aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are responding to population aging and examines how economic growth, generational equity, trade and international capital flows are influenced by population aging. The contributors draw on the experience of the developing and industrialized worlds and on countries in Asia, North America, and Europe. They offer new evidence about micro-level responses of labor force participation, earnings, and savings to actual and/or perceived demographic change. Their broad perspective on population aging spans the entire demographic transition and demonstrates the importance of effective policy response in the early stages of population aging. Also included are policy analyses that explore the use of tax policy, financial reform, and policies targeting immigration and procreation. This insightful study will prove invaluable to students and scholars of population economics, public sector economics, welfare economics, social economics, and public finance. Pension analysts and government policymakers will find the material of great practical use.

The Impact of Demographics on Productivity and Inflation in Japan

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475569599
Total Pages : 18 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Impact of Demographics on Productivity and Inflation in Japan by : Mr.Niklas J Westelius

Download or read book The Impact of Demographics on Productivity and Inflation in Japan written by Mr.Niklas J Westelius and published by International Monetary Fund. This book was released on 2017-01-18 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace experienced lower overall inflation, while prefectures with higher population growth experienced higher inflation. The results give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and deflationary pressures.

Population Decline and Ageing in Japan - The Social Consequences

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Author :
Publisher : Routledge
ISBN 13 : 1134145012
Total Pages : 176 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Population Decline and Ageing in Japan - The Social Consequences by : Florian Coulmas

Download or read book Population Decline and Ageing in Japan - The Social Consequences written by Florian Coulmas and published by Routledge. This book was released on 2007-05-11 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive analysis of one of the most pressing challenges facing Japan today: population decline and ageing. It argues that social ageing is a phenomenon that follows in the wake of industrialization, urbanization and social modernization, bringing about changes in values, institutions, social structures, economic activity, technology and culture, and posing many challenges for the countries affected. Focusing on the experience of Japan, the author explores: how Japan has recognized the emerging problems relatively early because during the past half century population ageing has been more rapid in Japan than in any other country how all of Japanese society is affected by social ageing, not just certain substructures and institutions, and explains its complex causes, describes the resulting challenges and analyses the solutions under consideration to deal with it the nature of Japan’s population dynamics since 1920, and argues that Japan is rapidly moving in the direction of a ‘hyperaged society’ in which those sixty-five or older account for twenty-five per cent of the total population the implications for family structures and other social networks, gender roles and employment patterns, health care and welfare provision, pension systems, immigration policy, consumer and voting behaviour and the cultural reactions and ramifications of social ageing.

The Graying of Japan

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Graying of Japan by : Linda G. Martin

Download or read book The Graying of Japan written by Linda G. Martin and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's rapidly aging population has become a top policy issue, especially as the increasing costs of pensions and medical care are debated. With the highest life expectancy on earth, the Japanese potentially face long periods of retirement, as well as the possibility of long periods of disability. Although family support of the elderly is thought to have been strong traditionally, the recent decline in co-residence with children is one indication that the way that support is given may be changing. This issue is of particular concern to the government, which wants to avoid any greater responsibility for the elderly than is necessary given the dramatic population aging yet to come. The government is also encouraging employers to provide more employment opportunities for the elderly at the same time that it is trying to raise the eligibility age for receipt of public pensions. There is resistance on the part of employers, however, because wages and retirement allowances in Japan are positively related to length of employment. Furthermore, it is not clear whether elderly Japanese of the future will be as willing to work, if they learn to enjoy increased leisure in their careers. Nevertheless, it is unlikely that population aging will lead to Japan's economic decline. Although the savings rate may decline somewhat, restructuring of the economy and continued overseas investment should keep the economy growing in the long run. Important in both the care of the economy will be the roles played by middle-aged Japanese women.

The Economic Effects of Aging in the United States and Japan

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226361020
Total Pages : 376 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis The Economic Effects of Aging in the United States and Japan by : Michael D. Hurd

Download or read book The Economic Effects of Aging in the United States and Japan written by Michael D. Hurd and published by University of Chicago Press. This book was released on 2007-12-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have many similar macro and micro effects on the economic status and behavior of the elderly in both countries. The most obvious effects will be on social programs such as public pension systems and the provision for medical needs of the elderly. But, the contributors demonstrate, aging will also affect markets for labor, capital, housing, and health care services. It will affect firms through their participation in the demand side of the labor market and through their provisions for pensions. And aging will influence saving rates, the rate of return on assets, the balance of payments, and, most likely, economic growth. This volume will interest scholars and policy makers concerned with the economics of aging.