01648cas a2200241 a 4500 AALejournalIMF001295 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824285 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Luxembourg : Selected Issues. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (48 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes the effect of aging on pension expenditure in Luxembourg. The paper highlights that Luxembourg is in a relatively favorable position because its GDP growth has been well above the average for industrialized countries in the post-war period. Moreover, growth has been unconstrained in that much of it has been based on the influx of foreign capital and labor. The paper provides some illustrative simulations of pension expenditure in Luxembourg, and describes the demographic developments. After reviewing methodological issues, simulations of pension expenditure until 2050 are also presented. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1996/048 Full text available on IMF http://elibrary.imf.org/view/journals/002/1996/048/002.1996.issue-048-en.xml IMF e-Library