Demographic Dynamics And Sustainability Of Public Pension Expenditures Within European Union-15 Member States
Recent demographic dynamics within the European Union member states urge public decidents to find the right measures which could further on assure the sustainability of social public expenditures. Most of the specialised literature mainly highlights the macroeconomic variables which may affect the size of public pension expenditures. Nevertheless demographic effects, like fertility rate, old-age dependency ratio, effective retirement age or life expectancy are also important factors of the sustainability of social security expenditures, this also due to the latest economic approaches. Our econometric testing confirms the high relevance of all these variables upon public pension expenditures within EU-15 member states. Consequently, there should be some special measures which governments may consider in future public policies. We suggest that retirement should come later in citizens lives, but in order to enforce this new approach there is an urgent need of appropriate jobs which could be available for older generations. In fact the solution towards an increasing proportion of older people in nowadays society should be “active ageing”: encouraging older people to stay active and retire later. Also extremly important are the outcomes of targetting healthy and autonomous lives.
Volume (Year): 4I (2012)
Issue (Month): (December)
|Contact details of provider:|| Postal: |
Phone: 004 0253 211062
Web page: http://www.utgjiu.ro/fse_new/
More information through EDIRC
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.:
- Gertler, Mark, 1999.
"Government debt and social security in a life-cycle economy,"
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 50(1), pages 61-110, June.
- Gertler, Mark, 1997. "Government Debt and Social Security in a Life-Cycle Economy," Working Papers 97-14, C.V. Starr Center for Applied Economics, New York University.
- Mark Gertler, 1997. "Government Debt and Social Security in a Life-Cycle Economy," NBER Working Papers 6000, National Bureau of Economic Research, Inc.
- Verbič, Miroslav & Spruk, Rok, 2011. "Aging population and public pensions: theory and evidence," MPRA Paper 38914, University Library of Munich, Germany.
- Barro, R.J. & Becker, G.S., 1988.
"Fertility Choice In A Model Of Economic Growth,"
University of Chicago - Economics Research Center
88-8, Chicago - Economics Research Center.
- Robert J. Barro & Gary S. Becker, . "Fertility Choice in a Model of Economic Growth," University of Chicago - Population Research Center 88-8, Chicago - Population Research Center.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy,
University of Chicago Press, vol. 93(2), pages 223-47, April.
- Meier, Volker & Wrede, Matthias, 2010.
"Pensions, fertility, and education,"
Journal of Pension Economics and Finance,
Cambridge University Press, vol. 9(01), pages 75-93, January.
- Kyrre Stensnes & Nils Martin Stølen, 2007. "Pension Reform in Norway. Microsimulating effects on government expenditures, labour supply incentives and benefit distribution," Discussion Papers 524, Statistics Norway, Research Department.
- Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
- Burz Razvan & Bogdan Ion Boldea, 2012. "Sustainability Of Economic Growth And Inequality In Incomes Distribution," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 249-254, July.
When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:171-174. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ecobici Nicolae)
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.