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

Includes bibliographical references and index.

Print version record.

Cover; Half-title; Title; Copyright; Contents; Figures; Tables; Contributors; Preface; 1 Introduction; Part I Uncertain demographics; 2 Changing views of future demographic trends; 3 Empirically based specification of uncertainty; COMMENT The UPE forecasts: strengths, innovations, developments; Part II Measuring sustainability in a stochastic environment; 4 Fiscal implications of demographic uncertainty: comparisons across the European Union; 5 Demographic uncertainty and pension projections; 6 Demographic uncertainty and health care expenditure.

COMMENT Assessing the uncertainty in long-term fiscal projectionsPart III Enhancing sustainability; 7 Evaluating pension reforms in the German context; 8 Longevity adjustment of pension benefits; 9 Ageing, demographic uncertainty and optimal fiscal policy; COMMENT Computable equilibrium models in policy analysis: future directions; Part IV Extensions; 10 Macro-economic consequences of demographic uncertainty in world regions; 11 Informational assumptions, aggregate mortality risk and life-cycle saving.

12 Uncertain demographics, longevity adjustment of the retirement age and intergenerational risk-sharing13 A general equilibrium analysis of annuity rates in the presence of aggregate mortality risk; COMMENT The economics of demographic uncertainty; Index.

Uncertain Demographics and Fiscal Sustainability addresses the economic consequences of uncertainty in demographic forecasting.

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