01549cas a2200241 a 4500 AALejournalIMF011950 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475505122 1018-5941 BD-DhAAL BD-DhAAL Park, Seok. Quantifying Impact of Aging Population on Fiscal Space / Seok Park. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/164 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/164/001.2012.issue-164-en.xml IMF e-Library