IDEAS home Printed from https://ideas.repec.org/p/bbk/bbkifr/025.html
   My bibliography  Save this paper

Demography, Pensions and Welfare: Fertility Shocks and the Finnish Economy

Author

Listed:
  • Turalay Kenc
  • William Perraudin

Abstract

The economic effects of an ageing population are preoccupying policy-makers in most industrial countries. In this paper, we study the economic impact of the demographic shock in Finland, a country for which the post-war fertility shock was particularly large. The framework for our analysis is an overlapping generations simulation model parametrised to mimic the current state of the Finnish economy. We conclude that the impact of the demographic shock on capital formation, labour supply and output are considerable. Welfare effects are smaller and the fiscal pressure from higher pension expenditures easier to accomodate than suggested by many commentators. Nevertheless, different approaches to financing increased social security expenditures can have quite large effects on the welfare of certain generations. The difference between the best and the worst policy may amount to 2% of lifetime endowment for some households.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Turalay Kenc & William Perraudin, 1996. "Demography, Pensions and Welfare: Fertility Shocks and the Finnish Economy," Archive Working Papers 025, Birkbeck, Department of Economics, Mathematics & Statistics.
    • Handle: RePEc:bbk:bbkifr:025
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bbk:bbkifr:025. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.bbk.ac.uk/departments/ems/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.