The fiscal impact of population change: discussion
Ronald Lee and Ryan Edwards have provided a comprehensive analysis of the prospective budgetary implications of the aging of the U. S. population over the period to 2100. They cover a lot of ground but two major points stand out: Their analysis suggests that the budget pressures that aging will imply will be intense and very possibly greater than many other analyses would suggest; and the most important pressure is less likely to come from Social Security payments of old-age pensions than from demand for medical care. Their most important policy message relates to the need for policymakers and the wider public to be educated to the realities aging will imply, in order to facilitate the difficult decisions that will be needed. I can only endorse this message and note that the necessary decisions become more difficult as they are delayed.
Volume (Year): 46 (2001)
Issue (Month): ()
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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.
- Dave Turner & Claude Giorno & Alain de Serres & Ann Vourc'h & Pete Richardson, 1998. "The Macroeconomic Implications of Ageing in a Global Context," OECD Economics Department Working Papers 193, OECD Publishing.
- Thai-Thanh Dang & Pablo Antolín & Howard Oxley, 2001. "Fiscal Implications of Ageing: Projections of Age-Related Spending," OECD Economics Department Working Papers 305, OECD Publishing.
- Willi Leibfritz & Deborah Roseveare & Douglas Fore & Eckhard Wurzel, 1995. "Ageing Populations, Pension Systems and Government Budgets: How Do They Affect Saving?," OECD Economics Department Working Papers 156, OECD Publishing.
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