Lassila, Jukka; Valkonen, Tarmo - In: The Geneva Papers on Risk and Insurance - Issues and … 29 (2004) 4, pp. 620-639
Public health and long-term care services are predominantly used by old people and financed by taxes paid by working-age people. Fluctuating sizes of generations create variations in tax rates, similar to what occurs in pension contribution rates. Pre-funding is a commonly suggested cure for...