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Tax Policy for Aging Societies - Lessons from Japan (Hardcover, 2004 ed.)
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Tax Policy for Aging Societies - Lessons from Japan (Hardcover, 2004 ed.)
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The Japanese population is aging faster than any other in the
world. The per centage of Japan's population aged 65 and above was
only 7.1% in 1970, but just 30 years later, in 2000, it reached
17.2%. A declining birth rate and a rising average life expectancy
will continue to push this trend further. This situation is causing
serious problems for Japanese society.Structural reforms,
especially tax and social security reforms, to accommodate this
drastic demographic change have become an urgent policy issue. The
purpose of this book is to establish guidelines for tax and social
security reforms in Japan in terms that are both efficient and
equitable. In this study, an extended life-cycle general
equilibrium model is employed to rigorously take account of the
rapidly aging Japanese population. The simulation approach adopted
in our analysis permits us to calculate the effects of alternative
policy packages on capital accumulation and economic welfare. This
enables us to make proposals for concrete economic policies."
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