The fiscal impact of population change
Population aging, and changing population age distributions, affect the fiscal situation through multiple channels, including the following: ; 1. Changing age distributions alter the per worker cost of providing a given age-vector of per capita benefits. For example, population aging will dramatically increase the costs of providing even existing benefits for Social Security and Medicare. ; 2. As a qualification to point 1, we note that fluctuations in population age distribution, for example, as caused by the baby boom in the United States, and transitional changes in age distribution, for example, as the population ages, add a dimension to the problem. Such changes can be considerably more dramatic than comparisons of steady states. They raise issues of intergenerational equity and risk-sharing.
Volume (Year): 46 (2001)
Issue (Month): ()
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- Kjetil Storesletten, 2000.
"Sustaining Fiscal Policy through Immigration,"
Journal of Political Economy,
University of Chicago Press, vol. 108(2), pages 300-323, April.
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- Deborah Roseveare & Willi Leibfritz & Douglas Fore & Eckhard Wurzel, 1996. "Ageing Populations, Pension Systems and Government Budgets: Simulations for 20 OECD Countries," OECD Economics Department Working Papers 168, OECD Publishing.
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