The implications of demographic and economic projections on public pension spending in the European Union
Bibliographic Data
| ID | 7991741 |
|---|---|
| Authors | Beatriz Benítez-Aurioles (0000-0002-4224-9184, University College London, corresponding author) |
| Year | 2017 |
| Volume | 34 |
| Issue | 1 |
| Pages | 19-39 |
| Publication date | 2017-12-14 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of International and Comparative Social Policy (JOURNAL) |
| Journal identifiers | ISSN: 2169-9763 • E-ISSN: 2169-978X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1080/21699763.2017.1411288 |
| OpenAlex | W2772254032 |
| Language | EN |
| Citations received | 1 |
| References cited | 29 |
This paper analyses the implications that demographic and economic projections have on public pension spending in the European Union (EU). Using some stylised facts, we study the aging trends of the population, as well as labour force and employment projections. Indices of both demographic and economic dependence are built. All of this is used to determine the impact on public pension spending in the EU. Although we detect substantial heterogeneity of circumstances, we show that the states in which aging of the population weights more in explaining public pension expenditure growth as a percentage of gross domestic product (GDP) are generally the ones that make greater efforts to control this spending. Given the limited capacity of policies to increase active population or employment to offset the effects of aging, measures aimed at diminishing the generosity of the public pension system and at promoting private schemes have gained relevance
Demographic economics · Economic growth · Economic policy · Economics · European union · Generosity · Gross domestic product · Labour economics · Life expectancy · Macroeconomics · Pension · Political science · Population · Population ageing · Population growth · Projections of population growth · Public expenditure · Public finance · Public spending · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Global Health Care Issues · Finance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |