Uncertain Demographics and Fiscal Sustainability addresses the economic consequences of uncertainty in demographic forecasting.

List of figures; List of tables; List of contributors; Preface; 1. Introduction Juha M. Alho, Svend E. Hougaard Jensen and Jukka Lassila; Part I. Uncertain Demographics: 2. Changing views of future demographic trends Nico Keilman, Harri Cruijsen, and Juha M. Alho; 3. Empirically-based specification of forecast uncertainty Juha M. Alho, Harri Cruijsen and Nico Keilman; Comment: the UPE forecasts: strengths, innovations, developments Shripad Tuljapurkar; Part II. Measuring Sustainability in a Stochastic Environment: 4. Fiscal implications of demographic uncertainty: comparisons across the European Union Martin Weale; 5. Demographic uncertainty and pension projections Jukka Lassila and Tarmo Valkonen; 6. Demographic uncertainty and health care expenditure Namkee Ahn; Comment: assessing the uncertainty in long-term fiscal projections Pablo Antolin; Part III. Enhancing Sustainability: 7. Evaluating pension reforms in the German context Hans Fehr and Christian Habermann; 8. Longevity adjustment of pension benefits Jukka Lassila and Tarmo Valkonen; 9. Ageing, demographic uncertainty and optimal fiscal policy Alex Armstrong, Nick Draper, André Nibbelink and Ed Westerhout; Comment: computable equilibrium models in policy analysis: future directions D. Peter Broer; Part IV. Extensions: 10. Macroeconomic consequences of demographic uncertainty in world regions Vladimir Borgy and Juha M. Alho; 11. Informational assumptions, aggregate mortality risk and life cycle saving Juha M. Alho and Niku Määttänen; 12. Longevity adjustment of retirement age and intergenerational risk sharing Svend E. Hougaard Jensen and Ole Hagen Jørgensen; 13. A general equilibrium analysis of annuity rates in the presence of aggregate mortality risk Justin van de Ven and Martin Weale; Comment: the economics of demographic uncertainty Martin Flodén; Index.