In several OECD countries, ongoing fiscal consolidation might have a negative impact on the static income distribution. However, this conclusion should be treated only as an approximate first step in the analysis. A full assessment of distributional effects of consolidation packages would need...

The paper examines the effects of demographic changes on government budgets and national savings. Most OECD countries will experience a rapid ageing of the population in the future and this development will put public pensions, health care systems and government budgets in general under...

This paper presents simulations of the impact of age-related public expenditures on overall government budget positions and on national savings for 20 countries. Using demographic projections prepared by the World Bank, models have been constructed for the evolution of public pension...