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Modelling Our Future - Population Ageing, Social Security and Taxation (Hardcover)
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Modelling Our Future - Population Ageing, Social Security and Taxation (Hardcover)
Series: International Symposia in Economic Theory and Econometrics
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The issues associated with population ageing are already assuming
prominence in most OECD countries. Many governments are extremely
concerned about the likely impact of population ageing upon future
government outlays and economic growth. In Australia, for example,
there have already been two major government reports that have
attempted to quantify the likely implications for government
spending of population ageing. These reports have concluded that
there will either have to be cuts in current government programs,
increases in taxes or some combination of these. The ageing
population will also require more health human resources (doctors,
nurses, pharmacists etc.), in an environment where the existing
workforce itself is ageing. Economic growth is forecast to slow
significantly in future decades due to population ageing, reducing
governments ability to rely on a rapidly growing taxpaying labour
force to finance the expected shortfalls. Against this backdrop,
volumes 15 and 16 of the International Symposia in Economic Theory
and Econometrics Series provide very timely and relevant research
for policy makers and researchers across the world. The modelling
approaches and research described in the volumes are at the
international leading edge, providing insights into how different
countries are facing the challenges associated with population
ageing. Many countries have developed microsimulation and other
models to help them evaluate the impacts of population ageing and
of public policy change. Volume 15 concentrates upon the impacts of
population ageing upon social security and taxation. For example,
the chapters examine likely future pension outlays under current
and possible alternative schemes; estimate the likely wealth of
future retirees; forecast tax revenues out to 2026 and look at the
impact of population ageing upon housing prices and tourism. This
volume contains invaluable information that aims to help shape the
current and future public policy debates in this area. The authors
are established leaders in the field. It includes international in
Scope.
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