| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7074 |
| DP7074 Cross-Border Trade and FDI in Services | |
| Joseph Francois; Carmen Fillat Castejón; Julia Woerz | |
| 发表日期 | 2008-12-01 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Approaching demographic shifts are raising concerns about fiscal sustainability in most OECD countries. A widespread view based on the tax-smoothing idea is that a prior consolidation of public finances is required to cope with the predicted trend deterioration in the primary budget balance. Both positive aspects in assessing the order of magnitude of sustainability problems and normative aspects of formulating policy strategies are addressed. It is argued that the smoothing argument cannot unconditionally be applied to the demographic problem. It is important to distinguish between increases in the dependency ratio driven by changes in fertility and longevity. For the former the smoothing argument may be appropriate, but not for the latter. In the case of longevity, a trade-off between consolidation and increasing retirement ages becomes relevant, and there are strong arguments why the latter should be pursued by e.g. linking retirement ages to longevity. |
| 主题 | International Macroeconomics |
| 关键词 | Fertility Fiscal sustainability Longevity Tax smoothing |
| URL | https://cepr.org/publications/dp7074 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535911 |
| 推荐引用方式 GB/T 7714 | Joseph Francois,Carmen Fillat Castejón,Julia Woerz. DP7074 Cross-Border Trade and FDI in Services. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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