Belgium : Selected Issues

1BELEA2005002 Image
Price:  $15.00

Release Date: © March, 2005
ISBN : 978-1-45180-321-1
Stock #: 1BELEA2005002
English
Stock Status: On back-order

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Description

This Selected Issues paper analyzes the challenge of population aging for Belgium. It argues that the aging strategy should be broadened to include more explicitly the objective of raising employment rates to foster potential growth. The paper discusses assumptions underlying the official aging projections, and presents an alternative baseline scenario on the basis of unchanged policies. It discusses the feasibility of strategies that rely exclusively on either fiscal or labor market adjustment, and illustrates the benefits of a two-pronged strategy. The paper also examines employment effects of reductions in labor taxes in a wage-bargaining model.




More publications in this series: IMF Staff Country Reports