The 1990s in Japan: a lost decade*

Fumio Hayashi and Edward Prescott

Chapter 2 in The Economics of an Ageing Population, 2004 from Edward Elgar Publishing

Abstract: The Economics of an Ageing Population studies the effects of demographic transition on the economies of industrialised countries. The authors demonstrate that an ageing population does not necessarily lead to a reduction in growth, providing that the working population are more productive and save a greater percentage of their income. They look in detail at the examples of Italy and Japan, two countries which have the fastest ageing populations in Europe and the world respectively.

Keywords: Economics and Finance; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2004
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Related works:
Journal Article: The 1990s in Japan: A Lost Decade (2002)
Working Paper: The 1990s in Japan: a lost decade (2000)
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