POPULATION AGING IN KOREA: ECONOMIC IMPACTS AND POLICY ISSUES

목차 (Table of Contents)

• PART I. AGING AND ECONOMIC GROWTH
• 　CHAPTER 1. MACROECONOMIC IMPACTS OF POPULATION AGING IN KOREA(Kiseok Hong)
• 　　I. Introduction
• 　　II. Trend of Population Aging
• 　　III. Model
• 　　　1. Consumer Behavior
• 　　　2. Firm Behavior
• 　　　3. Solution of the Model
• 　　IV. Macroeconomic Impacts of Population Aging
• 　　　1. Benchmark Distribution of Population
• 　　　2. Simulation Results
• 　　　3. Simulation Results with the Pension System
• 　　V. Conclusion
• 　　References
• 　　Comments(Alexander Ludwig)
• 　CHAPTER 2. DOES POPULATION AGING SLOW DOWN ECONOMIC GROWTH?(Chin Hee Hahn)
• 　　I. Introduction and Background
• 　　II. Key Features in Demographic Transition of Korea
• 　　III. Empirical Analysis: Demographic Structure, Demographic Change, and Per Capita Income Growth
• 　　　1. Simple Correlations
• 　　　2. Regressions
• 　　IV. Summary and Concluding Remarks
• 　　References
• 　　Comments(Jong-Wha Lee)
• 　CHAPTER 3. THE IMPACT OF AGING ON SAVING AND INVESTMENT RATES IN KOREA: PROJECTIONS USING A SMALL OPEN ECONOMY MODEL(Robert Dekle)
• 　　I. Introduction
• 　　II. Korean Saving and Investment
• 　　III. Korean Aging and the Potential Impact on Total Saving and Investment
• 　　　1. The Support Ratio
• 　　IV. Demographic Change, the Optimal Saving-Investment Balance, and the Current Account in Korea
• 　　　1. Optimal Investment Rates
• 　　　2. Optimal Saving Rates
• 　　　3. Net Export Surpluses and Net Foreign Debt
• 　　V. Comparisons with Future Japanese Saving and Investment Rates
• 　　VI. Probable Projections from Alternative Models
• 　　VII. Conclusion
• 　　References
• 　　Comments(Dongchul Cho)
• PART II. AGING AND FINANCIAL MARKET
• 　CHAPTER 4. AGING AND ASSET DEMAND IN KOREA(Chang-Gyun Park)
• 　　I. Introduction
• 　　II. Literature
• 　　III. Empirical Analysis
• 　　　1. Empirical Model and Data: Poterba 2001’s Projected Asset Demand
• 　　　2. Empirical Results and Projected Asset Demand
• 　　IV. Conclusion
• 　　References
• 　　Comments(E Philip Davis)
• 　CHAPTER 5. POLICY RECOMMENDATIONS TO IMPROVE THE ROLE OF THE ASSET MANAGEMENT INDUSTRY IN AGING KOREA(Kyung-Mook Lim)
• 　　I. Introduction
• 　　II. Institutional Investors in Developed Countries and Korea
• 　　　1. Institutional Investors in Developed Countries
• 　　　2. An Assessment of Institutional Investors In Korea
• 　　III. An assessment of the Korean Asset Management Market
• 　　　1. Asset Management in Korea
• 　　　2. Performance and Competition Mechanisms of Korean ITCs
• 　　IV. Policy Recommendations for the Asset Management Sector
• 　　　1. Inducing Long-Term Funds to the Asset Management Sector
• 　　　2. Improvement of Regulation on Institutional Investors
• 　　V. Summary and Conclusion
• 　　References
• 　　Comments(Robert Dekle)
• 　CHAPTER 6. AGING, PENSION REFORM, AND CAPITAL FLOWS: THE CASE OF KOREA IN AN INTERNATIONAL CONTEXT(Alexander Ludwig)
• 　　I. Introduction
• 　　II. The Overlapping Generations Model
• 　　　1. The Demographic Model
• 　　　2. The Pension Model
• 　　　3. The Macroeconomic Model
• 　　　4. Calibration and Solution Method
• 　　III. Results
• 　　　1. Parameter Estimates and Model Evaluation
• 　　　2. The Macroeconomic Effects of Demographic Change
• 　　IV. Conclusions
• 　　References
• 　　Comments(Soyoung Kim)
• PART III. AGING AND LABOR MARKET
• 　CHAPTER 7. AGING AND LABOR MARKET OF OLDER WORKERS IN KOREA(Kyungsoo Choi)
• 　　I. Introduction
• 　　II. Aging of the Labor Force
• 　　III. Retirement Behavior of the Elderly Workers
• 　　IV. Summary and Conclusion
• 　　References
• 　　Comments(Jiyeun Chang)