Fiscal implications of demographic uncertainty for the UK

Dr Martin Weale ()

No 250, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: We assess the implications of demographic uncertainty for the United Kingdom's fiscal position. We construct stochastic population projections and then use the framework provided by generational accounts to project government revenues and expenditures. We present stochastic paths for the budget balance over time and also evaluate the frequency distribution of the increase in taxes needed to deliver fiscal solvency.

Date: 2005-01
New Economics Papers: this item is included in nep-mac and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:250

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