Impact of Singapore’s ageing population on the macroeconomy.

• Main Authors: Park, Sun Jung., Tan, Yi Jun.
• Other Authors: Tan Kim Heng
• Format: Final Year Project
• Language: English
• Published: 2010
• Subjects: DRNTU::Social sciences::Economic theory::Macroeconomics; DRNTU::Social sciences::Economic development::Singapore
• Online Access: http://hdl.handle.net/10356/35469
• Institution: Nanyang Technological University

This paper discusses the macroeconomic implications of a rapid ageing population in Singapore. Not only is the rapidly graying population expected to decrease savings and investments, it is also expected to increase government expenditure. In addition, the shrinkage of labour supply implies lower ta...