Prospective Ageing and Economic Growth in Europe

Jesus Crespo Cuaresma, Martin Lábaj and Patrik Pruzinský (patrik.pruzinsky@euba.sk)
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Patrik Pruzinský: Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava

Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics

Abstract: We 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.

Keywords: Economic growth; ageing; prospective age; old age dependency ratio (search for similar items in EconPapers)
JEL-codes: I15 O15 O52 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-age, nep-dem, nep-eec, nep-fdg, nep-gro, nep-pbe and nep-sog
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Prospective ageing and economic growth in Europe (2014)
Working Paper: Prospective Ageing and Economic Growth in Europe (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwwuw:wuwp165

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