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The dynamic fiscal effects of demographic shift: The case of Australia

Kudrna, George; Tran, Chung; Woodland, Alan

Description

We develop a small open economy, overlapping-generations model that incorporates non-stationary demographic transition paths to study the dynamic fiscal effects of demographic shift in Australia. Since the recent ageing of Australia's population is projected to exacerbate over the coming decades, there are potentially significant macroeconomic implications and impacts on fiscal commitments for old-age related expenditures. To investigate these implications and fiscal impacts, our model pays...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/98358
Source: Economic Modelling
DOI: 10.1016/j.econmod.2015.05.010

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