Demography, the cost of pensions and the move to pension funds
Abstract
This article analyses the consequences of the so-called 'ageing' of the population on the level of public pension expenditure. It provides detailed figures for all countries of the European Union, with a distinction between former member States and new member States. The article first shows that there is a great heterogeneity across European countries concerning the size of this demographic change. It also provides a detailed analysis of various dependency ratios. The main conclusion of this analysis is that the economic impact of structural changes that European Countries will face in the future is not as bad as the use of rather simplistic dependency ratios would have us believe. Assuming a reasonable economic growth, the financing of pensions is affordable and will not create an impossible burden for the economy. However, the distribution of the annual increase in economic resources between the economically active population and the overall dependent population will change to a significant extent. This is mainly a political issue that would require a full debate.Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic Info
Article provided by Taylor and Francis Journals in its journal Review of Political Economy.
Volume (Year): 18 (2006)
Issue (Month): 3 ()
Pages: 301-315
Contact details of provider:
Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=102233
Order Information:
Web: http://www.tandf.co.uk/journals/subscription.asp
Related research
Keywords:References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Tobias A. Jopp, 2011. "Old Times, Better Times? German Miners’ Knappschaften, Pay-as-you-go Pensions, and Implicit Rates of Return, 1854–1913," Ruhr Economic Papers 0238, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:18:y:2006:i:3:p:301-315For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.