Overview

Blame it on the baby boomers. Unless Germany starts making a consistent effort to consolidate its public budgets, the country's already tight financial situation is going to get much worse. As with many Western countries, Germany's upcoming fiscal problems are rooted in demographic trends. Its baby boomer generation is preparing to move from active employment into retirement. Governmental budget planners will soon find themselves confronted with rising payment obligations, just as revenues are declining. Recognizing the urgent need to consolidate Germany's public budgets, Uwe Wagschal examines the factors that have helped determine the effects of budget consolidation in 23 selected OECD countries. His international comparison demonstrates how a combination of budget cuts and increased revenues can lead to successful consolidation.

Full Product Details

Author:   Uwe Wagschal
Publisher:   Bertelsmann Foundation
Imprint:   Bertelsmann Foundation
Dimensions:   Width: 14.60cm , Height: 2.00cm , Length: 22.00cm
Weight:   0.386kg
ISBN:  

9783892049531

ISBN 10:   389204953
Pages:   200
Publication Date:   30 August 2008
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Uwe Wagschal is a professor at Ruprecht-Karls-University in Heidelberg, Germany.

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