Subjects:

“…The initial vulnerabilities, the nature of shocks and the resilience of the economies appear more important in explaining the differences. …”

“…The model has been calibrated to the Finnish economy and demographics. Although there are huge uncertainties concerning future health and long-term care expenditure when people live longer, our simulations show that without policies directed to disability admission rules and old-age pension eligibility ages, working lives are unlikely to extend sufficiently. …”