In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...

Introduction and overview / Ann Harding -- Health status, health inequalities and the ability of older Australians to stay in the labour force / Agnes Walker -- Evaluating catastrophic drug expenditure plans / Bert Waslander -- Projections of Commonwealth health expenditure in Australia's first...

The aging and migration megatrends and their impact on spatial - regional and local - labor market performance is the core theme of this book, and thus together define its scope and focus. The contributions provide an overview of key aging and migration issues in various countries together with...