This paper examines the effects of demographic change on public finances in a federal system. We develop a simple methodical procedure to measure the effect of demographic changes on public revenues and expenditures. We apply our method to the local, state and federal government sector as well...

This paper examines the effects of demographic change on public finances in a federal system. We develop a simple methodical procedure to measure the effect of demographic changes on public revenues and expenditures. We apply our method to the local, state and federal government sector as well...

During the next decades the populations of most developed countries will grow older as a result of the low level of birth rates since the 1970s and/or the continuously increasing life expectancy. We show within a Generational Accounting framework how unsustainable the public finances of France,...

Das Ziel des vorliegenden Beitrages besteht darin aufzuzeigen, wie die demographischen Veränderungen die öffentlichen Haushalte tangieren werden und Überlegungen dahingehend vorzutragen, welche Anpassungszwänge auf die öffentlichen Verwaltungen zukommen. Hierbei werden wir die "klassischen"...

The paper examines the effects of demographic change on federal, state and local government expenditures in Germany. Public spending is decomposed into almost 30 categories (functions) and simple estimates of age cost profiles are derived. Using population forecasts and assuming timeinvariant...

During the next decades the populations of most developed countries will grow older as a result of the low level of birth rates since the 1970s and/or the continuously increasing life expectancy. We show within a Generational Accounting framework how unsustainable the public finances of France,...

Die Einführung eines jeden auf dem Umlageverfahren basierenden Systems verursacht – bei unterstellter Alterung der Bevölkerung – eine intergenerative Umverteilung zu Gunsten der ersten Generationen und zu Lasten jüngerer und nachwachsender Generationen. Am Beispiel der Einführung der...

Presuming an ageing population, every introduction of a pay-as-you-go scheme causes intergenerational redistribution in favor of the first generations and to the burden of young and future generations. Using the concept of internal rates of return we want to examine the extent to which the first...