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Books > Business & Economics > Economics > Microeconomics
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Uncertain Demographics and Fiscal Sustainability (Hardcover)
Loot Price: R2,913
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Uncertain Demographics and Fiscal Sustainability (Hardcover)
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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.
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