Japan is facing a severe demographic challenge as its aging…
Japan is facing a severe demographic challenge as its aging population continues to shrink. With birth rates hitting record lows and death rates rising, Japan’s labor force is declining, putting strain on social welfare systems and threatening various industries. National and local governments have introduced measures like increased childcare spending and immigration reforms to counter this crisis. How could these policies be viewed through the lens of the Solow and Ramsey models?
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