Prospective Ageing and Economic Growth in Europe
AbstractWe assess empirically the role played by prospective ageing measures as a predictor of income growth in Europe. We show that prospective ageing measures which move beyond chronological age and incorporate changes in life expectancy are able to explain better the recent long-run growth experience of European economies. The improvement in explanatory power of prospective ageing indicators as compared to standard measures based on chronological age is particularly relevant for long-run economic growth horizons.
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Bibliographic InfoPaper provided by Vienna University of Economics, Department of Economics in its series Department of Economics Working Papers with number wuwp165.
Date of creation: Jan 2014
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Economic growth; ageing; prospective age; old age dependency ratio;
Find related papers by JEL classification:
- I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
This paper has been announced in the following NEP Reports:
- NEP-AGE-2014-02-15 (Economics of Ageing)
- NEP-ALL-2014-02-15 (All new papers)
- NEP-DEM-2014-02-15 (Demographic Economics)
- NEP-EEC-2014-02-15 (European Economics)
- NEP-FDG-2014-02-15 (Financial Development & Growth)
- NEP-GRO-2014-02-15 (Economic Growth)
- NEP-PBE-2014-02-15 (Public Economics)
- NEP-SOG-2014-02-15 (Sociology of Economics)
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