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): ()
|Contact details of provider:|| Postal: 600 Atlantic Avenue, Boston, Massachusetts 02210|
Web page: http://www.bos.frb.org/
More information through EDIRC
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tim Miller, 2001. "Increasing longevity and medicare expenditures," Demography, Springer;Population Association of America (PAA), vol. 38(2), pages 215-226, May.
- Lee, Ronald & Mason, Andrew & Miller, Timothy, 2000. "From Transfers to Individual Responsibility: Implications for Savings and Capital Accumulation in Taiwan and the United States," Arbetsrapport 2000:3, Institute for Futures Studies.
- Storesletten, Kjetil, 1998.
"Sustaining Fiscal Policy Through Immigration,"
664, Stockholm University, Institute for International Economic Studies.
- Philip Oreopoulos & Alan J. Auerbach, 1999. "Analyzing the Fiscal Impact of U.S. Immigration," American Economic Review, American Economic Association, vol. 89(2), pages 176-180, May.
- 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.
- Vicki Freedman & Linda Martin, 1999. "The role of education in explaining and forecasting trends in functional limitations among older Americans," Demography, Springer;Population Association of America (PAA), vol. 36(4), pages 461-473, November.
- Jonathan Gruber & David Wise, 2001. "An International Perspective on Policies for an Aging Society," NBER Working Papers 8103, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:fip:fedbcp:y:2001:n:46:x:16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio)
If references are entirely missing, you can add them using this form.