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  • Title: [Public pensions and demographic aging in a small open economy].
    Author: Compagnie P.
    Journal: Cah Econ Brux; 1995; (147):267-94. PubMed ID: 12321431.
    Abstract:
    Using the example of Belgium, the impact of the two main causes of demographic aging--fertility decline and increase in life expectancy--on the financing of pensions and on the economic behavior of individuals is analyzed. The results show that the economic behavior of individuals is influenced to a far greater degree by increases in life expectancy than by declines in fertility. In the long term, the author suggests that it makes more sense to develop a system in which the retired rather than the economically active bear the additional financial costs of aging.
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