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Incentives and Product Variety in an Aging Economy

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  • Kazutoshi Miyazawa

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

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  • Kazutoshi Miyazawa, 2001. "Incentives and Product Variety in an Aging Economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(4), pages 595-607, August.
    • Handle: RePEc:kap:itaxpf:v:8:y:2001:i:4:p:595-607
    DOI: 10.1023/A:1011280705020
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