Although it is not the main driver of rising health expenditure, population aging will be a significant source of pressure on government budgets in other areas. Age pensions will, in some countries, be part of the problem. In the United States, for example, Congressional Budget Office projections suggest that government age pension spending will rise […]
To mark the publication today of Bigger Government: The Future of Government Expenditure in Advanced Economies, I am releasing a two episode podcast. The podcast is can be heard by clicking on this link, or may be heard on any of the main podcast directories (Apple Podcasts, Spotify, Castbox, Stitcher, Listen Notes etc). Episode 1 […]
There are many who think that income support – welfare benefits such as unemployment benefits, income supplements and tax credits for the working poor, and child benefits – is a key area where governments will be compelled to spend much more over coming decades. They consider that changes in the way the economy works will […]