First Sentence:
Throughout the developed world, economies are experiencing two important trends.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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local demographic characteristics, local fiscal burdens, mortality module, consumption spillovers, social security early retirement age, lifetime labor earnings, spillover dimension, benefit recomputation, fertility forecasts, retired female workers, expenditure spillovers, insured widow, lifetime net tax rates, mean retirement age, female headship rates, present fiscal policy, dynamic microsimulation models, interjurisdictional spillovers, generational accounts, welfare participation rates, stochastic forecasts, fund exhaustion, net tax payments, investment spillovers, nursing home utilization
Key Phrases - Capitalized Phrases (CAPs):
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United States, United Kingdom, Member States, University of Chicago Press, European Commission, Government Printing Office, Year Figure, Bureau of the Census, Board of Trustees, New York, Journal of Public Economics, Office of the Chief Actuary, Age Figure, Office of the Actuary, American Economic Review, Congressional Budget Office, Journal of Political Economy, Total Cohort, University of California, Cornell University, Current Population Survey, European Union, Journal of Urban Economics, National Academy Press, Urban Institute
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