Facing the age wave and economic policy : fixing public pension systems with healthcare in the wings

Resource Information

The work Facing the age wave and economic policy : fixing public pension systems with healthcare in the wings represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Facing the age wave and economic policy : fixing public pension systems with healthcare in the wings

Creator

• Wise, D.A

Subject

• health insurance
• pension
• pension system
• social security
• early retirement

Language

eng

Summary

There are two overriding problems faced by ageing societies. One is the financing of public pension (social security in US terms) programmes. The other is paying for healthcare. This paper considers the healthcare issue briefly, emphasising that the issue arises primarily because of advances in medical technology. Better medical technology will improve healthcare in the future, but more advanced technologies also cost more. The focus of the rest of the paper is on the public pension problem. The emphasis is on the early retirement incentives inherent in the provisions of most public pension programmes around the world, the reduction in the labour force participation of older people caused by these incentives, and the large fiscal implication of the inducement of older people to leave the labour force. These results are based on the Gruber-Wise ongoing international social security comparison project

Citation source

In: Fiscal studies. - London. - Vol. 26 (2005),

Language note

English