This paper discusses the challenge for fiscal sustainability in New Zealand in the face of the demographic transition involving population ageing and the 'ageing of the aged'. The need for rational policy analysis is stressed in examining a wide range of policy responses and trade-offs, and the...

New Zealand, like many other countries, is experiencing a changing demographic profile from one dominated by young people during the twentieth century to one where the population is more evenly distributed across age groups. This has implications for the government's future fiscal position and...