The paper provides an overview on recent trends of immigration in OECD countries and on the possible effects of immigration on labour markets and government budgets. It also discusses migration policies from an economic point of view. By bringing together a bulk of international literature on...

Sowohl binnenwirtschaftliche als auch außenwirtschaftliche Gründe sprechen derzeit für die Hinnahme konjunktur- und wechselkursbedingter Staatsdefizite. Würde man nämlich jetzt versuchen, den im Bundeshaushalt wegen der Dollarabwertung ausfallenden Bundesbankgewinn durch Steuererhöhungen...

Willi Leibfritz outlines the purposes and features of generational accounting and reviews the main results of a project applying the technique to 17 countries. In most countries current policies are not sustainable. Future generations would have to pay higher net taxes than current generations....

Portugal’s fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3% of GDP and was submitted to the excessive deficit procedure of the EU Commission for a second time in 2005. The paper describes fiscal developments in Portugal over the past...

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 provides a synthesis of age-related developments and policies for a range of OECD countries, drawing on recent OECD work. It describes the expected impact of ageing on expenditure and fiscal pressures taking into account the current configuration of age-related policies. Since later...