The EU Growth Strategy and the Impact of Aging
The paper looks at the main challenges to raise potential growth in the EU. It examines recent progress made regarding the structural reform efforts in EU product, labor, and financial markets, and it attempts to assess their impact on overall macroeconomic performance in terms of output and (un-)employment. The paper then proceeds to analyze the likely consequences of population aging for the growth rate of potential output and per capita incomes, emphasizing the fairly dramatic economic and budgetary implications of the decline in the EU's working-age population if governments do not take offsetting policy actions. Copyright Blackwell Publishing Ltd 2004.
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Volume (Year): 12 (2004)
Issue (Month): 2 (05)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Xavier Sala-i-Martin, 1995. "Transfers, social safety nets and economic growth," Economics Working Papers 139, Department of Economics and Business, Universitat Pompeu Fabra.
- Robert J. Barro, 2012.
"Inflation and Economic Growth,"
CEMA Working Papers
568, China Economics and Management Academy, Central University of Finance and Economics.
- K. Mc Morrow & W. Röger, 2002. "EU pension reform - An overview of the debate and an empirical assessment of the main policy reform options," European Economy - Economic Papers 2008 - 2015 162, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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