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Demographic changes and regional eco...

Park, Seryoung.

Demographic changes and regional economy: Simulation results from the Chicago CGE model.

紀錄類型:	書目-電子資源 : 單行本
正題名/作者:	Demographic changes and regional economy: Simulation results from the Chicago CGE model./
作者:	Park, Seryoung.
面頁冊數:	90 p.
附註:	Source: Dissertation Abstracts International, Volume: 68-07, Section: A, page: 3053.
Contained By:	Dissertation Abstracts International68-07A.
標題:	Gerontology. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoeng/servlet/advanced?query=3269999
ISBN:	9780549095828

Demographic changes and regional economy: Simulation results from the Chicago CGE model.
Park, Seryoung.

Demographic changes and regional economy: Simulation results from the Chicago CGE model. - 90 p.

Source: Dissertation Abstracts International, Volume: 68-07, Section: A, page: 3053.

Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2007.

This paper analyzes the impact of demographic changes on a regional economy, a process whose impact will become more important over the next a few decades. Specifically, this study quantifies the effect of an aging population and retirement migration focusing on Chicago regional economy in terms of its impact on economic growth, income (asset) distribution, and welfare. For this purpose, this paper uses a two-region computable general equilibrium (CGE) model, combined with an overlapping generations (OLG) framework. The first finding is that the aging population has significant negative impacts on Chicago economy, which are quite similar to the results found in the previous studies at the national level. However, the policy responses yield the quite different effects on Chicago economy compared to rest of the U.S. In particular, more local immigrants than national average only increases the income disparity without increasing benefit. This study also suggests that, under aging population, the larger immigrants and more generous pension benefit do not necessarily result in more desirable results, while an increase in retirement age turns out to monotonically improve the average welfare. In addition, the ongoing retirement out-migration of Chicago region hurts the local economy, which becomes stronger under aging population, while rest of the U.S. benefit from this flow.

ISBN: 9780549095828Subjects--Topical Terms:

168436
Gerontology.

Demographic changes and regional economy: Simulation results from the Chicago CGE model.
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520 $a This paper analyzes the impact of demographic changes on a regional economy, a process whose impact will become more important over the next a few decades. Specifically, this study quantifies the effect of an aging population and retirement migration focusing on Chicago regional economy in terms of its impact on economic growth, income (asset) distribution, and welfare. For this purpose, this paper uses a two-region computable general equilibrium (CGE) model, combined with an overlapping generations (OLG) framework. The first finding is that the aging population has significant negative impacts on Chicago economy, which are quite similar to the results found in the previous studies at the national level. However, the policy responses yield the quite different effects on Chicago economy compared to rest of the U.S. In particular, more local immigrants than national average only increases the income disparity without increasing benefit. This study also suggests that, under aging population, the larger immigrants and more generous pension benefit do not necessarily result in more desirable results, while an increase in retirement age turns out to monotonically improve the average welfare. In addition, the ongoing retirement out-migration of Chicago region hurts the local economy, which becomes stronger under aging population, while rest of the U.S. benefit from this flow.
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