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The effects of population aging on South Korea's economy : The National Transfer Accounts approach

Recurso electrónico / Electronic resource
Registro MARC
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1001 ‎$0‎MAPA20210035760‎$a‎Kyung Kim, Hyun
24510‎$a‎The effects of population aging on South Korea's economy‎$b‎: The National Transfer Accounts approach‎$c‎Hyun Kyung Kim, Sang-Hyop Lee
520  ‎$a‎This study examines how two factors of population aging, changes in fertility and mortality, will respectively affect South Korea's economic future. The economic effects of population aging are examined by considering the population in each age group under alternative demographic scenarios. Utilizing recent population projections and South Korea's National Transfer Accounts, the paper applies a simple decomposition model measuring the respective effects of fertility and mortality on separate aspects of the economy: labor income, private and public consumption, and public and private transfers. The results show that the effects of low fertility and low mortality on the economy are very different in direction, magnitude, timing, and impact by age group. The only effect of an aging population that is the same in all circumstances is the effect on the public pension system: low fertility and mortality will increase pressure on the public pension system of South Korea.
650 4‎$0‎MAPA20080552114‎$a‎Pensiones
650 4‎$0‎MAPA20080568771‎$a‎Envejecimiento
650 4‎$0‎MAPA20080592011‎$a‎Modelos actuariales
650 4‎$0‎MAPA20160009798‎$a‎Diversidad generacional
650  ‎$0‎MAPA20210021831‎$a‎Sesgos
651 1‎$0‎MAPA20120018334‎$a‎Corea del Sur
7001 ‎$0‎MAPA20210035753‎$a‎Lee, Sang-Hyop
7730 ‎$w‎MAP20210010194‎$g‎11/10/2021 Volumen 20 - 2021 , 12 p.‎$t‎The Journal of the economics of ageing ‎$d‎Oxford : Elsevier ScienceDirect, 2021-