Population ageing and public finance targets

Abstract

The paper incorporates intergenerational fairness into a framework to analyse long-term sustainability of public finances under population ageing. It establishes a link between ageing-related public expenditure projections and public finance targets, thereby clarifying the connection between pension reforms and general government budget balance and debt targets.population ageing, public finances, sustainability of public finances, budget balance targets, pension reforms, pensions, Oksanen