Incentives and Product Variety in an Aging Economy

Kazutoshi Miyazawa

International Tax and Public Finance, 2001, vol. 8, issue 4, 595-607

Abstract: This paper presents a new method to clarify intergenerational effects of the demographic change in industrialized countries, i.e., the trend of aging. Recognized effects of aging are twofold; a disincentive effect and a product variety effect. The results are consistent with the empirical findings in Cutler et al. (1990). With the evidence, our model predicts that “diminished fertility represents a problem rather than an opportunity,” and that “diminished mortality represents an opportunity rather than a problem.” Copyright Kluwer Academic Publishers 2001

Keywords: aging; product variety; human capital investment (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:kap:itaxpf:v:8:y:2001:i:4:p:595-607

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DOI: 10.1023/A:1011280705020

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