Chun.

• Position: Population aging and fiscal policies effect Korean national savings - Brief Article

Chun evaluates the effects of population aging and fiscal policies on national saving in Korea. To predict the national savings rate for Korea over the next several decades, he uses a life-cycle model that incorporates the generational accounting approach needed to assess the distribution of fiscal burden across generations. He finds that rapid population aging and long-term budgetary imbalance will substantially lower the national savings rate in Korea. In...