European University Institute Library

Uncertain demographics and fiscal sustainability, edited by Juha M. Alho, Svend E. Hougaard Jensen and Jukka Lassila

eng

index present

non fiction

Uncertain demographics and fiscal sustainability

electronic resource

dictionaries

245523897

edited by Juha M. Alho, Svend E. Hougaard Jensen and Jukka Lassila

Cambridge Social Sciences eBooks

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.--, Provided by publisher

Introduction / Juha M. Alho, Svend E. Hougaard Jensen and Jukka Lassila -- Part I: Uncertain demographics -- Changing views of future demographic trends / Nico Keilman, Harri Cruijsen and Juha M. Alho -- Empirically based specification of forecast uncertainty / Juha M. Alho, Harri Cruijsen and Nico Keilman -- Comment: The UPE forecasts : strengths, innovations, developments / Shripad Tuljapurkar -- Part II: Measuring sustainability in a stochastic environment -- Fiscal implications of demographic uncertainty: comparisons across the European Union / Martin Weale -- Demographic uncertainty and pension projections / Jukka Lassila and Tarmo Valkonen -- Demographic uncertainty and health care expenditure / Namkee Ahn -- Comment: Assessing the uncertainty in long-term fiscal projections / Pablo Antolin -- Part III: Enhancing sustainability -- Evaluating pension reforms in the German context / Hans Fehr and Christian Habermann -- Longevity adjustment of pension benefits / Jukka Lassila and Tarmo Valkonen -- Ageing, demographic uncertainty and optimal fiscal policy / Alex Armstrong [and others] -- Comment: Computable equilibrium models in policy analysis: future directions / D. Peter Broer -- Part IV: Extensions -- Macro-economic consequences of demographic uncertainty in world regions / Vladimir Borgy and Juha M. Alho -- Informational assumptions, aggregate mortality risk and life-cycle saving / Juha M. Alho and Niku Määttänen -- Uncertain demographics, longevity adjustment of the retirement age and intergenerational risk-sharing / Svend E. Hougaard Jensen and Ole Hagen Jørgensen -- A general equilibrium analysis of annuity rates in the presence of aggregate mortality risk / Justin Van De Ven and Martin Weale -- Comment: The economics of demographic uncertainty / Martin Flodén

Uncertain Demographics & Fiscal Sustainability