Forward to the Nineteenth Century: Has Growing Old Gracefully Become a Luxury?
The Twentieth Century will soon be history. It has witnessed enormous advances in economic and social welfare within Western Europe, which has created the expectation that each successive generation will enjoy a higher standard of living than its predecessor. The primary purpose of this chapter is to examine whether this expectation has become unrealistic, at least until well into the next century.
KeywordsEurope Income Explosive Expense Stake
Unable to display preview. Download preview PDF.
- Cutler, D., Poterba, J., Sheiner, L. and Summers, L.: “An Ageing Society: Opportunity Or Challenge”, Brookings Papers on Economic Activity, 1 (1990), pp. 1–72.Google Scholar
- Disney, R., Johnson, P. and Whitehouse, E.: Pension Policy in the UK: An Economic Analysis, London (Institute of Economic Affairs) 1994.Google Scholar
- Jensen, S. and Nielsen, S.: “Ageing, Inter-generational Distribution and Public Pension Systems”, Public Finance, 48 (1993), pp. 29–42.Google Scholar
- Jensen, S. and Nielsen, S.: “Population Ageing, Public Debt and Sustainable Fiscal Policy”, Fiscal Studies, 16(1995), pp. 1–20.Google Scholar
- Johnson, P. and Zimmerman, K. (Eds.): Labour Markets in an Ageing Europe, Cambridge (Cambridge University Press) 1993.Google Scholar
- Van Den Noord,P. and Herd, R.: “Pension Lialibities in the Seven Major economies”, OECD Economics Department Working Paper, Paris(OECD) 1993.Google Scholar
- World Bank: Averting the Old Age Crisis, New York (Oxford University Press) 1994.Google Scholar