As public expenditures on health, education and transfer programmes increase, demographic change has a growing impact on public expenditures, and the incentives for behaviour created by public transfer programs increase as well. The essays in this volume discuss such topics as: demographic change and the outlook for Social Security and Medicare in the United States; long-term decision making under uncertainty; the effect of changing family structure on government spending; how the structure of public retirement policies has encouraged early retirement in some countries and not others; the response of local community spending to demographic change; and related topics. Contributors include many of the world's leading public finance economists and economic demographers.
• Covers major theoretical and applied thrusts of emerging, hot fields of economic demography, demography and finance • Contributors include world's experts on the subject, primarily from the United States but also from Europe • Coeditors themselves are the world's leading experts on the subject
1. Introduction; 2. Population forecasting for fiscal planning: issues and innovations Ronald Lee and Shripad Tuljapurkar; Comment Daniel McFadden; Comment James Smith; 3. Uncertainty and the design of long-run fiscal policy Alan J. Auerbach and Kevin Hassett; Comment Peter Diamond; Comment Shripad Tuljapurkar; 4. How does a community's demographic composition alter its fiscal burdens? Thomas MaCurdy and Thomas Nechyba; Comment Hilary Hoynes; Comment Robert Willis; 5. Social security, retirement incentives, and retirement behavior: an international perspective Jonathan Gruber and David Wise; Comment Axel Borsh-Supan; Comment Massimo Livi Bacci; 6. Aging, fiscal policy and social insurances: a European perspective Bernd Raffelhüschen; Comment David Weil; Comment David Weir; 7. Demographics and medical care spending: standard and non-standard effects David M. Cutler and Louise Sheiner; Comment Victor Fuchs; 8. Projecting Social Security's finances and its treatment of postwar Americans Steven Caldwell, Alla Gantman, Jagadeesh Gokhale, Thomas Johnson and Laurence J. Kotlikoff; Comment Nada Eissa; 9. Demographic change and public assistance expenditures Robert A. Moffitt; Comment David Card; Comment S. Philip Morgan.