Aging, Public Budgets, and the Need for Policy Reform
10 Pages Posted: 5 Jul 2004
Abstract
Projections show that, without policy changes, population aging will lead to unsustainable developments in public budgets. Various policy options to address this challenge are reviewed. Particular emphasis is given to the incentives to retire early and the programs that generate these incentives. The requirements for labor markets to absorb an added supply of older workers are discussed.
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Aging, Public Budgets, and the Need for Policy Reform
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