01837cas a2200241 a 4500 AALejournalIMF003445 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860900 1018-5941 BD-DhAAL BD-DhAAL Hauner, David. Aging : Some Pleasant Fiscal Arithmetic / David Hauner. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (18 pages) IMF Working Papers <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 Projections of age-related public expenditure growth have raised widespread concerns about fiscal sustainability. This paper examines how total expenditure would develop under four policy rules on public expenditure growth. Some simple arithmetic of expenditure, GDP, and population is reviewed and applied in simulations for 19 member countries of the Organization for Economic Cooperation and Development (OECD) over 2000-50. A general and a specific conclusion arise from the results in this paper: Generally, long-term expenditure projections could benefit from revisiting common assumptions on non-agerelated expenditure growth. Specifically, under realistic assumptions, the belt-tightening required to maintain fiscal sustainability under age-related spending pressures could be less painful than commonly thought. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/071/001.2005.issue-071-en.xml IMF e-Library