Can longer working lives bring sufficient tax revenues to pay for the growing public health and care expenditure that longer lifetimes cause? We review studies concerning retirement decisions and pension policies, the role of mortality in health and long-term care costs, and errors in mortality...

Nach der Mittelfristprojektion des IWH wird das Bruttoinlandsprodukt in Deutschland in den Jahren bis 2025 preisbereinigt um durchschnittlich ½% wachsen, und damit einen Prozentpunkt langsamer als im Zeitraum von 2013 bis 2019. Dies ist nicht nur auf den starken Einbruch im Jahr 2020...

Das Modell "Generationencheck" basiert auf der Methodik von Generationenkontenmodellen. Es dient der Analyse langfristiger Auswirkungen der Gesetzgebung und der politischen Rahmenbedingungen, um so gegebenenfalls Handlungsbedarf zu erkennen und abzuleiten. Generationenkontenmodelle sind in der...

Das Modell "Generationencheck" basiert auf der Methodik von Generationenkontenmodellen. Es dient der Analyse langfristiger Auswirkungen der Gesetzgebung und der politischen Rahmen-bedingungen, um so gegebenenfalls Handlungsbedarf zu erkennen und abzuleiten. Generatio-nenkontenmodelle sind in der...

The paper applies quantile regression technique, specifically, quantile vector autoregression to stochastic debt sustainability analysis (DSA) and the construction of public debt fan charts. Stochastic approach to DSA typically uses standard ordinary least squares vector autoregression (OLS VAR)...

Credibility of the revised fiscal rules will be crucial so that vulnerable countries can benefit from confidence effects. National ownership will be key in that respect and can be supported via a stronger role of independent national fiscal institutions.

The present cocktail of a bleak economic outlook combined with high inflation and rising interest rates has raised questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to "unwarranted" levels, unlike the situation that prevailed during...

We construct comprehensive public sector balance sheets for Finland for 2000-2016 by complementing general government statistics with data on public corporations and pensions. These static balance sheets show that Finland's public sector net worth at end 2016 was - 160 percent of GDP, after...

This study aims to evaluate the public debt sustainability of Pakistan using the debt sustainability analysis (DSA) framework and fiscal reaction function (FRF). For the empirical analysis, it uses relevant important macroeconomic variables, such as public debt, external debt, primary balance,...

Purpose: The study investigates the effect of corruption on FDI inflows to West Africa, and also establishes a threshold level of corruption for the sub-region. Design/Methodology/Approach: Using secondary data for the period 1999-2018, the study adopted a panel Autoregressive Distributed Lag...