Cyprus : Selected Issues

1CYPEA2007001 Image
Price:  $18.00

Release Date: © February, 2007
ISBN : 978-1-45180-989-3
Stock #: 1CYPEA2007001
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes
ePubYes
MobipocketYes

Description

This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the fiscal impact by explicitly examining the trade-offs of alternative policies within the context of a general equilibrium overlapping generation framework. It is concluded that addressing the fiscal consequences of aging will require increasing the retirement age to 65 years, followed by further increases to keep up with demographic trends.

Taxonomy

Economic policy , Pensions , Population , Social policy




More publications in this series: IMF Staff Country Reports