Demographic Change and Fiscal Sustainability in Asia
Abstract
Changes in the population age structure can have significant effects on fiscal sustainability since they can affect both government revenue and expenditure. In this paper, we project government revenue, expenditure, and fiscal balance in developing Asia up to 2050 using a simple stylized model and the National Transfer Accounts data set. Rapidly aging countries are likely to suffer a tangible deterioration of fiscal sustainability under their...
Paper Details
Title
Demographic Change and Fiscal Sustainability in Asia
Published Date
Aug 9, 2016
Journal
Volume
134
Issue
1
Pages
287 - 322
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