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The fiscal impact of population change: discussion
Ronald Lee and Ryan Edwards have provided a comprehensive analysis of the prospective budgetary implications of the aging of the U. S. population over the period to 2100. They cover a lot of ground but two major points stand out: Their analysis suggests that the budget pressures that aging will imply will be intense and very possibly greater than many other analyses would suggest; and the most important pressure is less likely to come from Social Security payments of old-age pensions than from demand for medical care. Their most important policy message relates to the need for policymakers ...