This book provides a comprehensive, theory-based analysis of current issues in population economics. Taking into account families’ fertility decisions, it examines not only the demographic changes due to longer life expectancy but also the effects of social security policy on demography and labor supply/individual retirement behaviors.
Akira Yakita is a Professor in the Department of Economics at Nanzan University, Japan. He previously taught at Nagoya City University, The University of Tsukuba, Chukyo University, Mie University and Fukuoka University, and a professor emeritus of Nagoya City University. His fields of interest are public economics and macroeconomics.
Introduction and Overview.- Part I. Life Expectancy.- Longevity and Fertility.- Life Expectancy, Money and Growth.- Life Expectancy, the Labor Supply of the Elderly and Fertility.- Part II. Issues in Social Security.- Fertility, Child Care outside the Home and Pay-As-You-Go Social Security.- Macroeconomic Effects of Changes in the Eligibility Age for Payments of Social Security Benefits under Cash-in-Advance Constraints.-Preference for Having Children, Fertility and Social Security.- Social Security Reform and the Labor Supply of the Elderly.- Political Choice of Government Budget Finance in Population Aging Economy.- Part III. Capital Accumulation in Population Aging Economy.- Longevity, Education and Economic Growth.- Parental Education, Fertility and Economic Development.- Youth Dependency, Technological Progress, and Economic Development.- Aging and Public Capital Formation.- Short- and Long-term Effects of Capital Taxation on Economieswith Different Demographic Changes.- Does Aging Reduce Sustained Stock of Renewable Resources?- Conclusion.