THE INTER-REGIONAL CONSEQUENCES OF POPULATION AGEING IN CANADA

摘要

A three-region, three-good, fifteen overlapping generations model is built to analyze the inter-regional consequences of population ageing in Canada. Each region of the model produces one imperfectly substitutable good. Households work the first twelve periods of their life and retire in the last three. The household's behaviour is characterized by the life-cycle theory. The financial market is perfectly integrated. Regions differ from each other by the size of their economy, their specific local taxation and especially their demographic projections. The paper investigates the inter-regional implications arising from the asymmetric portion of the population ageing pressures.