An expert’s view
Ricardo Reis, professor and economist at London School of Economics, was the peer review of this study and comments the main results.
Sustainable public finances matter for intergenerational fairness. If they are not sustainable, households in the future will be required to pay more taxes, receive lower benefits or enjoy less public goods and services.
What is the contribution of the various generations for the State budget and for the public debt? What charges will we leave to future generations?
It will be necessary to make choices and to calculate the impact of the eventual changes in public policies on the present and future generations.
Study directed by Francesco Franco (NOVA SBE), Tiago Bernardino (Stockholm University) and Luís Teles Morais (NOVA SBE and IPP).
We challenged universities to present and discuss solutions to solve the sustainability of public finances and the reversal of the demographic decline. This challenge resulted in two proposals, developed by Instituto Superior de Economia e Gestão da Universidade de Lisboa (ISEG) and by CATÓLICA-LISBON’s Business and Economics Research Unit.