The German population is aging. Since fewer children are born and simultaneously life expectancy rises, demographic changes will lead to a double aging process. The paper analyzes the effects of demographic changes on national debt and the public budget by applying a cointegration analysis to...

Die Beziehungen zwischen aktiven und inaktiven Bevölkerungsteilen als wirtschaftliches Kernproblem | Nachfrageseitige Risiken für die Wachstumsprozesse | Angebotsseitige Wachstumsprobleme | Der Staat als Arbeitgeber | Verschiebungen der Abgabenbelastung | Probleme der Bevölkerungsentwicklung...

The German population is aging. Since fewer children are born and simultaneously life expectancy rises, demographic changes will lead to a double aging process. The paper analyzes the effects of demographic changes on the public budget by applying a cointegration analysis to global budget...