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run, particularly for rapidly ageing nations, but also entail non-negligible transitional costs. …
Persistent link: https://www.econbiz.de/10014377461
for the "said" ageing expenditures, This study attempts to analyze the effects of debt burdens known as interest charges … in relation to the pensions and health care spending, The "said" ageing expenditures since the debate on this issue doesn …'t allow us to say that these expenses are totally linked to ageing. Design/methodology/approach: This study conducts an …
Persistent link: https://www.econbiz.de/10014434594
Unsustainability of pension systems particularly in developed economies looms large on the horizon due to increasing life expectancy and continuous drop in fertility. In spite of a broad awareness of the issues, there is no consensus on appropriate remedy and little action. In this paper, I...
Persistent link: https://www.econbiz.de/10011787304
This paper quantifies the economic well-being of different age groups and the extent of their reliance on incomes from public and private sources. The aim is to establish how social benefits, and the taxes needed to finance them, affect income levels and disparities across different age groups....
Persistent link: https://www.econbiz.de/10010291228
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 …
Persistent link: https://www.econbiz.de/10012147984
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 …
Persistent link: https://www.econbiz.de/10012148043
In this paper we address the question whether in case of population ageing a transition from an unfunded to a more …
Persistent link: https://www.econbiz.de/10011399334
The study identifies three groups of problems in the Lithuanian pension environment: fiscal problems, poverty of retired people, and problems related to working and saving incentives. The future of the current pension system is suspect, as the population share of the elderly is increasing and...
Persistent link: https://www.econbiz.de/10010199300
On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older...
Persistent link: https://www.econbiz.de/10011526636
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
Persistent link: https://www.econbiz.de/10011514183