The Impact of Demographics on Productivity and Inflation in Japan

The Impact of Demographics on Productivity and Inflation in Japan
Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster... READ MORE...

Publication date: December 2016
ISBN 9781475559712
$18.00

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