Rawdanowicz, Łukasz; Wurzel, Eckhard; Christensen, Ane … - Economics Department, Organisation de Coopération et … - 2013
scope to balance current consolidation efforts in favour of more equity with only limited adverse impact on potential growth … growth: increases in the effective retirement age, raising efficiency in the education and health care systems, cutting … adverse effects on long-run growth. Cuts in government wages and employment can yield fast consolidation gains but need to be …