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The Impact of demographic change on aggregate final consumption : Japan's experiences and prospects from a national accounting perspective

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001  MAP20260014999
003  MAP
005  20260603180737.0
008  260205s2026 ja||||| ||| ||eng d
040  ‎$b‎spa‎$a‎MAP‎$d‎MAP
084  ‎$a‎921.4
1001 ‎$0‎MAPA20260008615‎$a‎Waldenberger, Franz
24514‎$a‎The Impact of demographic change on aggregate final consumption : Japan's experiences and prospects from a national accounting perspective‎$c‎Franz Waldenberger
520  ‎$a‎Using the accounting methodology of the Statistics of National Accounts, this paper analyzes Japan's macroeconomic performance under demographic change from 1994 to 2023, when the working-age population share declined from 69.9% to 59.5% and the population aged 65+ more than doubled. Despite demographic pressure, per capita final consumption rose by 40%, supported by productivity growth and increased employment rates. The paper examines adjustments in labor supply, saving, and investment, and projects moderate future impacts of aging on working hours, offset by productivity gains. It argues that Japan can sustain per capita consumption growth until 2070 by utilizing accumulated capital and running trade deficits, given its large net foreign assets.
650 4‎$0‎MAPA20080611897‎$a‎Perspectivas económicas
650 4‎$0‎MAPA20080553883‎$a‎Demografía
650 4‎$0‎MAPA20080605858‎$a‎Economía internacional
650 4‎$0‎MAPA20080600648‎$a‎Crecimiento económico
650 4‎$0‎MAPA20080586850‎$a‎Política económica
651  ‎$0‎MAPA20080650919‎$a‎Japón
7730 ‎$w‎MAP20210010194‎$g‎13/04/2026 Volumen 34 - 2026 ‎$t‎The Journal of the economics of ageing ‎$d‎Oxford : Elsevier ScienceDirect, 2021-
8564 ‎$u‎https://doi.org/10.1016/j.jeoa.2026.100620