OLG Model

Demographic Aging, Fiscal Reforms and Macroeconomy in Japan
Work in progress.
Slides Video ESRI's Website
Population Aging and Redistribution in Japan: Comparisons with OLG, SNA and NTA
Work in progress.
Foreign Workers, Skill Premium and Fiscal Sustainability in Japan
Japan faces rapid and severe demographic aging and rising fiscal deficits due to increasing expenditures and shrinking tax revenues. …
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Fiscal Sustainability in Japan: What to Tackle
Japan leads all advanced economies in terms of aging and has the highest debt to GDP ratio. The public pension, medical and long-term …
PDF Cite DOI Science Direct VoxEU RIETI DP Non-technical Summary (in Japanese)
Population Aging, Health Care and Fiscal Policy Reform: The Challenges for Japan
We construct a transition analysis based on a general equilibrium life-cycle model to investigate the effects of aging, and we evaluate …
Cite DOI Wiley Online Library
Can Guest Workers Solve Japan's Fiscal Problems?
The labor force in Japan is projected to fall from 64 million in 2014 to 20 million in 2100, signaling unprecedented tax/transfer …
Cite DOI Wiley Online Library RIETI DP
Achieving Fiscal Balance in Japan
Japan is aging and has the highest government debt-to-output ratio among advanced economies. In this article, we build a micro …
Cite DOI Wiley Online Library
Income Risk, Macroeconomic and Demographic Change and Economic Inequality in Japan
Using an OLG model with heterogeneous households, we investigate the relationship among income risk, macroeconomic and demographic …
Cite DOI Science Direct Fortran Code
A Politically Feasible Social Security Reform with a Two-Tier Structure
This paper investigates the welfare implications and political feasibility of social security reforms with a two-tier structure in …
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On the Intergenerational Sharing of Cohort-Specific Shocks on Permanent Income
This paper investigates the intergenerational sharing of shocks on the permanent income of new entry cohorts when prior-to-entry …
Cite DOI Cambridge University Press