Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23007 
Year of Publication: 
2005
Series/Report no.: 
Diskussionsbeiträge No. 133
Publisher: 
Albert-Ludwigs-Universität Freiburg, Institut für Finanzwissenschaft, Freiburg i. Br.
Abstract: 
During the next decades the populations of most developed countries will grow older as a result of the low level of birth rates since the 1970s and/or the continuously increasing life expectancy. We show within a Generational Accounting framework how unsustainable the public finances of France, Germany, Switzerland and the U.S. are, given their demographic developments. Thereby, our focus lies on social health insurance systems which are in addition affected by the medical-technical progress. Due to the cost-increasing effect of the medical-technical progress one can justifiably say that social health insurance schemes are the major drivers behind unsustainable fiscal policies.
JEL: 
I11
H51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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