Market Solutions for Canada's Health Care And Pension Plan Problems

Health care and Pension plan problems are more visible every year for the Canadian population and raise concern in several institutions that may be affected by these problems. Sociologists and Economists study the economic consequences of demographics in Health Care and Pension Plans and suggest possible fiscal solutions that would help fix this problem. Nevertheless, most of the times the use of Fiscal Policy to solve Pension and Health Care problems just creates more problems …

…to an increase in taxes and savings withdrawal, savings and investment decrease and this destimulates economic growth through the transmission mechanism. As a consequence unemployment would raise and Canadian living Standards would fall. Works Cited List 1.<Tab/>Pierre L. Siklos, Money Banking and Financial Institutions, McGraw-Hill 1994. 2.<Tab/>Schaefer Floyd and Haaland, Sociology a Brief Introduction, McGraw-Hill 2003. 3.<Tab/>Statistics Canada, URL: www.statcan.ca