"If finances are not sustainable, the impact of aging in public finances could lead to families being constrained to pay more taxes and to get fewer benefits of public services, or, in alternative, the deficit can become permanent", mentioned the study "Finanças Públicas: uma perspetiva intergeracional", promoted by the Calouste Gulbenkian Foundation, which includes the analysis of Francesco Franco, Tiago Bernardino (PhD Student at Nova SBE) and Luís Teles Morais (PhD Student at Nova SBE).