The long-term demographic projections have progressively raised concerns about the consequences of ageing population. To better understand those changes and measure their size,projections of social expenditure have been built and progressively refined. Confronted with a large budgetary cost of...

The paper by Henri Bogaert focuses on Belgian budgetary prospects. It presents the Maltese model developed by the Federal Planning Bureau in order to evaluate alternative pension reforms in a broader budgetary context. The model includes a number of interdependent sub-models linking demography...