Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century

Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century
A number of uncertainties about long-term expenditure commitments in industrial countries are examined: (i) the assumptions underlying the projections, (ii) the potential to further reduce non-age-related expenditures, (iii) the implicitly assumed absence of "shocks," and (iv) the potential for raising revenue. This paper concludes that (i)... READ MORE...

Publication date: May 2005
ISBN 9781451861105
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