Serious research into the causes and implications of an
aging population is a relatively recent phenomenon. Though
several relevant issues of aging havereceived considerable
attention in public and political discussions (especially in
European countries and in Japan), the economics profession
is somewhat lacking behind. This is particularly true for
thetheoretical underpinnings of the economics of population
aging. Until now, the aging-debate is primarily led by
institutionalists. The present book with its analytical and
econometric studies on fiscal implications of population
aging is an important step in the process of theoretical
analysis of aging. It is of interest both for population
economists (and demographers) and for public economists -
providing a bridge between these areas of research.

Social security in a general equilibrium model with endogenous government behavior.- The marginal cost of public funds with an aging population.- Optimal pension funding with demographic instability and endogenous returns on investment.- Pay-as-you-go social security in a changing environment.- Public pensions in transition.- Ageing and the labor market.- Tax reform, population ageing and the changing labour supply behaviour of married women.- United States public policy and the elderly.- Life cycle savings and consumption constraints.