Luxembourg: Selected Issues

International Monetary Fund

No 1996/048, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the effect of aging on pension expenditure in Luxembourg. The paper highlights that Luxembourg is in a relatively favorable position because its GDP growth has been well above the average for industrialized countries in the post-war period. Moreover, growth has been unconstrained in that much of it has been based on the influx of foreign capital and labor. The paper provides some illustrative simulations of pension expenditure in Luxembourg, and describes the demographic developments. After reviewing methodological issues, simulations of pension expenditure until 2050 are also presented.

Keywords: ISCR; CR; pension system; investment funds; real GDP; withholding tax; labor market; GDP growth; tax rate; advantage Luxembourg; Luxembourg financial center; Luxembourg economy; labor force; Pension spending; Pensions; Aging; Corporate income tax; Employment; Europe (search for similar items in EconPapers)
Pages: 48
Date: 1996-06-21
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/048

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