Demographic Uncertainty and Fiscal Policy

Demographic Uncertainty and Fiscal Policy

Author:

Publisher: CEPS

Published: 2006

Total Pages: 35

ISBN-13: 9290796499

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It is well known by now that population ageing threatens the sustainability of fiscal policies in many countries. Although a number of policy options are available to address the problem, the uncertainty surrounding the future development of the population complicates matters. This paper analyses the economic, intergenerational and welfare effects of several alternative taxation policies that can be used to close the fiscal sustainability gap: immediate tax smoothing, delayed tax smoothing and balanced budget policies. A distinction is made between a consumption tax and a labour income tax. In addition, the influence of demographic uncertainty on the results of these policies is analysed from a number of perspectives. Simulated population shocks show the effect of demographic volatility on macroeconomic and fiscal variables. Stochastic simulations are presented to produce probabilistic bounds for the future development of the economic outcomes and to analyse the issue of optimal fiscal policy under uncertainty.


Global Trends 2040

Global Trends 2040

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2021-03

Total Pages: 158

ISBN-13: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.


Understanding Financial Accounts

Understanding Financial Accounts

Author: OECD

Publisher: OECD Publishing

Published: 2017-11-06

Total Pages: 424

ISBN-13: 9264281282

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Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples.


Uncertain Demographics and Fiscal Sustainability

Uncertain Demographics and Fiscal Sustainability

Author: Juha M. Alho

Publisher: Cambridge University Press

Published: 2008-03-13

Total Pages: 239

ISBN-13: 1139470353

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There is widespread acceptance that much of the developed world faces a potential pensions and welfare crisis as a result of declining birth rates and an ageing population. However, there is considerable uncertainty about the specifics of demographic forecasting and this has significant implications for public finances. Uncertain Demographics and Fiscal Sustainability addresses the economic consequences of uncertainty and, with particular reference to European economies, explores the impact of demographic risks on public finances, including pension systems, health care and old-age care expenditures. Covering a spectrum of theoretical and empirical approaches, different types of computational models are used to demonstrate not only the magnitudes of the uncertainties involved but also how these can be addressed through policy initiatives. The book is divided into four parts covering demographic, measurement, policy and methodological issues. Each part is followed by a discussion essay that draws out key elements and identifies common themes.


Ageing and the Sustainability of Dutch Public Finances

Ageing and the Sustainability of Dutch Public Finances

Author: Casper van Ewijk

Publisher:

Published: 2006

Total Pages: 144

ISBN-13:

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De vergrijzing van de Nederlandse bevolking brengt de houdbaarheid van de openbare financiƫn in gevaar. De verdubbeling van de verhouding tussen het aantal gepensioneerden en het aantal werkenden verstoort de balans tussen uitgaven en belastingopbrengsten. De stijging van uitgaven aan AOW en gezondheidszorg overtreft immers de stijging van belastingopbrengsten. Budgettaire hervormingen zijn dan ook nodig om te voorkomen dat toekomstige generaties worden genoodzaakt belastingen te verhogen dan wel op publieke uitgaven te bezuinigen. Hervormingen op het vlak van de sociale zekerheid van de laatste jaren zijn een stap in de goede richting, maar onvoldoende. Met name de daling van de kapitaalmarktrente en het vermogensverlies bij pensioenfondsen hebben de houdbaarheid van de openbare financiƫn verslechterd. De effecten die hervormingen uitoefenen op de intergenerationele balans zijn van belang voor de vraag welke verdere hervormingen het meest gewenst zijn.


OECD Economic Surveys: Netherlands 2006

OECD Economic Surveys: Netherlands 2006

Author: OECD

Publisher: OECD Publishing

Published: 2006-02-15

Total Pages: 140

ISBN-13: 9264036709

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This 2005 OECD Economic Survey of the Dutch economy (published as the second issue in the 2006 volume) examines key economic challenges including putting public finances on a sustainable path, increasing resiliency in labour markets, strengthening ...


Fiscal Sustainability of Health Systems Bridging Health and Finance Perspectives

Fiscal Sustainability of Health Systems Bridging Health and Finance Perspectives

Author: OECD

Publisher: OECD Publishing

Published: 2015-09-24

Total Pages: 264

ISBN-13: 9264233385

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The health systems we enjoy today, and expected medical advances in the future, will be difficult to finance from public resources without major reforms. Public health spending in OECD countries has grown rapidly over most of the last half century. These spending increases have contributed to ...