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
Uncertain Demographics and Fiscal Sustainability addresses the economic consequences of uncertainty in demographic forecasting.
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 availa
Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon th
When the future evolution of demographic processes is described in a stochastic setting, the challenge is to communicate the meaning of forecast uncertainty in
