Staranje prebivalstva
This paper examines the impact of aging and related socio-economic trends (educational expansion and changes in family structure) on the sustainability of public and private transfers. For this purpose, recently available disaggregated National Transfer Accounts (NTA) are combined with dynamic microsimulation techniques to build the first dynamic m...
Purpose – Population ageing will bring economic challenges in the future. The purpose of this paper is to examine whether increased educational level could mitigate the consequences of population ageing on economic sustainability, measured as the gap between labour income and consumption. Design/methodology/approach – Using the National Transfer Ac...
New estimates of economic flows by age combined with population projections showthat in the coming decades (1) global GDP growth could be slower by about 1 per-centage point per year, declining more sharply than population growth / (2) GDPwill shift toward sub-Saharan Africa more than population trends suggest / (3) liv-ing standards of working-age...