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Population Age Structure And The Budget Deficit

Journal of Insurance and Financial Management

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Title Population Age Structure And The Budget Deficit
 
Creator H. C. Chen, Derek
 
Description This paper focuses the effects of age-structure changes on the size of budget deficits of national governments.  More specifically, it determines whether differences in age-structure can account for the observed differences in budget deficits across countries as well as across time.  Via an extension of the untested theory of negative bequest motives advocated by Cukierman and Meltzer (1989), this paper argues that the commonly accepted notion that population aging tends to increase the budget deficits of economies is theoretically consistent.  However, preliminary results from country and time fixed-effects panel regressions, estimated from 1972 to 1992 over 60 developed and developing countries indicate statistical evidence for this postulation is present only in the developing countries but not in the developed countries.
 
Publisher Journal of Insurance and Financial Management
 
Contributor —
 
Date 2016-06-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/35
 
Source Journal of Insurance and Financial Management; Vol 1, No 4 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/35/pdf
 
Rights Copyright (c) 2016 Derek H. C. Chen
http://creativecommons.org/licenses/by/4.0