Series: IMF Working Papers
Author(s): Erik Lueth
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Bequests, computable GEM, social insurance, aging, budget constraint, welfare loss, Social Security and Public Pensions, Computable and Other Applied General Equilibrium Models,
With pay-as-you-go schemes in place, population aging will impose a heavy fiscal burden on young and future cohorts. However, these cohorts may also profit from larger inheritances as the number of heirs declines....