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A Study on Financial Deficit and Declining Birthrate — From the Viewpoint of “Children as a Social Security Revenue Source” —-
While social security systems in the developed countries including Japan are taking pay-as-you-go system based on the cooperation between generations, the fertility number as a tax base of socialExpand
The Impact of Demographic Changes on Macroeconomic and Public Finance
The greatest threat to Japan’s economy stems from population decline and the resulting fiscal consolidation. (Fiscal consolidation is a policy aimed at reducing government deficits and debtExpand
Child Benefit and Fiscal Burden: OLG Model with Endogenous Fertility
In this paper, we present an OLG simulation model with endogenous fertility in order to analyze the relationship between child benefit and fiscal burden in Japan. Our simulation results show thatExpand
Population Growth Policy and Public Finance
Due to population decline and aging, Japan’s public finances and economy are moving toward a reduced equilibrium. At the current rate, Japan will fall into long-term stagnation. It is only throughExpand
Child Benefit and Fiscal Burden: OLG Model with Endogenous Fertility
In this paper, we present an OLG simulation model with endogenous fertility in order to analyze the relationship between child benefit and fiscal burden in Japan. Our simulation results show thatExpand