. This study concentrates on the effects of ageing on the evolution of global interest rates and financial flows. The study …

facilitates investigation of distortionary effects of fiscal and pension policy responses to ageing. The model is calibrated to … the Finnish economy, which will encounter substantial ageing pressures in the near future. During the transition to an … older population structure ageing costs can be substantially lowered by allowing public funds to smooth out the tax …

ageing. When the responses of labour supply, wages, and hence private consumption, to higher taxation are consistently … accounted for, population ageing has clearly much larger effects on public finance, when compared to mechanical sustainability … burden of ageing. This is due to the fact that stochastic variation in the length of working time has only a relatively small …

many other western countries. The shrinking of the working-age population, ageing of the labour force, and growth in the …, in addition to pension reform, the productivity of service production in the public sector is boosted, ageing will not …

finance public expenditure with an ageing population, if developments are as expected, the problem will not be very large …