The Impact of Population Aging on the Sustainability of European Social Model

Marin Dinu (), Marius Marinas, Cristian Socol () and Aura-Gabriela Socol
Additional contact information
Aura-Gabriela Socol: Academy of Economic Studies, Department of Economics, Bucharest, Romania

Timisoara Journal of Economics, 2012, vol. 5, issue 17, 33–46

Abstract: The objective of this study is to examine briefly the features of the European social model and to present the main demographic evolutions. The social model is sustainable as long as there is a virtuous correlation between the objectives settled in the Lisbon Strategy: productivity – employment – social cohesion. This correlation gets efficiency in line with social equity, stimulating the economic growth process under the terms of public finances’ stability. Any internal or external factor, which generates the break of the previous correlation is able to result either in the slowing down of the economic growth rate (or even recession), or in a decrease of the employment, an emphasis of the social inequities or all, on the most unfavorable conditions, even in all the three effects together. As a consequence, the public debt of the EU member states would get increased, thus decreasing the possibility to provide social and economic cohesion through budget transfers. One of the factors which could represent a threat for the model is constituted by the ageing of the population, which is caused by the increase of life expectancy and by fertility rate decrease. In this study, we have analyzed the changes in the population structure, the evolution of the age pyramid and the budgetary impact of aging.

Keywords: population aging; dependency ratio; age pyramid; economic growth; European Union (search for similar items in EconPapers)
JEL-codes: H55 J08 J11 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://tje.uvt.ro/index.php/tje/article/download/130/pdf (application/pdf)
https://tje.uvt.ro/index.php/tje/article/view/130 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wun:journl:tje:v05:y2012:i17:a03

Ordering information: This journal article can be ordered from
16 J. H. Pestalozzi Street, 300115, Timisoara, Romania
https://tje.uvt.ro

Access Statistics for this article

Timisoara Journal of Economics is currently edited by Camelia Margea

More articles in Timisoara Journal of Economics from West University of Timisoara, Romania, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Romeo Margea ().