| Description |
1 online resource (34 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/05/91 |
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IMF working paper ; WP/05/91.
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| Summary |
A number of uncertainties about long-term expenditure commitments in industrial countries are examined: (i) the assumptions underlying the projections, (ii) the potential to further reduce non-age-related expenditures, (iii) the implicitly assumed absence of "shocks," and (iv) the potential for raising revenue. This paper concludes that (i) there is scope, but within narrow limits, to reduce non-age-related expenditures; (ii) fiscal policy frameworks tend to understate risks; and (iii) prevailing tax rates leave little room for increasing taxation in the countries facing the strongest aging pressures. In sum, governments will have to adopt a much more ambitious fiscal policy stance to cope with aging populations |
| Bibliography |
Includes bibliographical references (pages 33-34) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Expenditures, Public.
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Fiscal policy.
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Expenditures, Public
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Fiscal policy
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| Form |
Electronic book
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| Author |
Hauner, David, author.
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International Monetary Fund. Fiscal Affairs Department, issuing body.
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| ISBN |
1283512351 |
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9781283512350 |
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9781451906462 |
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1451906463 |
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