French Public Finances : Modeling Long-Term Prospects and Reform Options /

French Public Finances : Modeling Long-Term Prospects and Reform Options /

Over the coming decades, demographic developments will lead to a significant increase in public outlays on pensions and health care, relative to national income. This study extends earlier work by considering the adverse effects of taxation on the determinants of economic growth -- in particular, in...

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Bibliographic Details
Main Author: Habermeier, Karl
Other Authors: Lenseigne, Fabrice
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/012
Online Access:Full text available on IMF
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100 1 |a Habermeier, Karl. 
245 1 0 |a French Public Finances :   |b Modeling Long-Term Prospects and Reform Options /  |c Karl Habermeier, Fabrice Lenseigne. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Over the coming decades, demographic developments will lead to a significant increase in public outlays on pensions and health care, relative to national income. This study extends earlier work by considering the adverse effects of taxation on the determinants of economic growth -- in particular, investment, productivity growth, and labor force participation. Available empirical evidence suggests that these adverse effects could well be sizable, and that conventional estimates of the adverse effects of population aging probably severely underestimate their impact on the public finances and economic performance. The paper uses stochastic simulations to examine the robustness of the results to changes in parameter values. It also provides quantitative simulations of various reform options, including mainly an increase in the effective retirement age and flanking labor market measures. 
538 |a Mode of access: Internet 
700 1 |a Lenseigne, Fabrice. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/012/001.1998.issue-012-en.xml  |z IMF e-Library 

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