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A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the implicit tax that is levied on each generation s life-time income through participation in these systems. The implicit tax arises from the fact that, quite...
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A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the "implicit tax" that is levied on each generation's life-time income through participation in these systems. The implicit tax arises from the fact that, quite...
Persistent link: https://www.econbiz.de/10001731791
simulation results for Germany, Japan and the USA through 2050 show how key macroeconomic indicators (labour productivity, GDP …
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changes in fertility and mortality on the developed world's demographic transition. The model features three regions - the U ….S., Japan, and the EU-15 - and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions … economic consequences of both higher fertility and lower mortality rates. The simulations indicate very minor effects on the …
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