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The American economic review, 1999-05, Vol.89 (2), p.167-170
Ort / Verlag
Menasha, Wis: American Economic Association
Erscheinungsjahr
1999
Link zum Volltext
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
In most member states of the EU, issues concerning sound and sustainable finances are high on the political agenda. Ever-growing debt burdens induce rising interest payments and force politicians to economize on other spending items. Throughout the EU there is also a clear and urgent need to reform the welfare state since population aging and rising unemployment impose increasing constraints on generous welfare programs. The findings of 12 country studies are briefly reported on that investigate the impact of the demographic transition on the intergenerational stance of current fiscal policy within the EU, using the device of generational accounting.