Fiscal sustainability and demographics-should we save or work more ?

@inproceedings{Andersen2008FiscalSA,
  title={Fiscal sustainability and demographics-should we save or work more ?},
  author={Torben M. Andersen},
  year={2008}
}
Approaching demographic shifts are raising concerns about fiscal sustainability in most OECD countries. A widespread view based on the tax-smoothing idea is that a prior consolidation of public finances is required to cope with the predicted trend deterioration in the primary budget balance. Both positive aspects in assessing the order of magnitude of sustainability problems and normative aspects of formulating policy strategies are addressed. It is argued that the smoothing argument cannot… CONTINUE READING

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