Ageing Populations, Pension Systems and Government Budgets: How Do They Affect Saving?

Willi Leibfritz, Deborah Roseveare, Douglas Fore and Eckhard Wurzel ()

No 156, OECD Economics Department Working Papers from OECD Publishing

Abstract: The paper examines the effects of demographic changes on government budgets and national savings. Most OECD countries will experience a rapid ageing of the population in the future and this development will put public pensions, health care systems and government budgets in general under increasing pressure. It could also have adverse effects on national saving. In order to provide some idea of the scale and magnitude of potential future problems the paper presents a quantitative analysis of the effects of ageing populations on government budgets, on inter-generational equity and on national saving and it also discusses policy options to cope with these problems. The paper finds that getting general government fiscal positions into better shape over the next few years would enable governments to better cope with the demographic change that will occur in the first decades of the next century. Furthermore, it stresses that further increases in retirement ages could make a major ... Ce document examine l’incidence de l’évolution démographique sur les budgets publics et l’épargne nationale. Dans un future proche, la plupart des pays de l’OCDE vont être confrontés à un vieillissement rapide de leur population et cette évolution se traduira par des pressions accrues sur les systèmes publics de pension et de santé et plus largement sur les budgets publics. Elle pourrait aussi avoir des effets négatifs sur l’épargne nationale. Afin de donner une idée de l’échelle et de l’importance des problèmes potentiels à venir, cette étude présente une analyse quantitative des effets du vieillissement des populations sur les budgets publics, sur l’équité entre générations et sur l’épargne nationale. Elle analyse aussi les différentes options de politique économique qui pourraient permettre de faire face à ces problèmes. Il en ressort qu’améliorer les positions budgétaires au cours des prochaines années permettraient aux gouvernements de mieux faire face aux changements ...

Date: 1995-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:156-en

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