 Demography, the cost of pensions and the move to pension fundsPierre Concialdi Review of Political Economy, 2006, vol. 18, issue 3, 301-315 Abstract: This article analyses the consequences of the so-called 'ageing' of the population on the level of public pension expenditure. It provides detailed figures for all countries of the European Union, with a distinction between former member States and new member States. The article first shows that there is a great heterogeneity across European countries concerning the size of this demographic change. It also provides a detailed analysis of various dependency ratios. The main conclusion of this analysis is that the economic impact of structural changes that European Countries will face in the future is not as bad as the use of rather simplistic dependency ratios would have us believe. Assuming a reasonable economic growth, the financing of pensions is affordable and will not create an impossible burden for the economy. However, the distribution of the annual increase in economic resources between the economically active population and the overall dependent population will change to a significant extent. This is mainly a political issue that would require a full debate. Date: 2006 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:18:y:2006:i:3:p:301-315 Ordering information: This journal article can be ordered from DOI: 10.1080/09538250600797735 Access Statistics for this article Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon More articles in Review of Political Economy from Taylor & Francis Journals |
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