Demographic Pressure in the European Union
Marga Peeters and
Loek Groot
EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels
Abstract:
On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older people. Our results show that the most publically indebted EU economies face the highest increases in public spending on the retiring baby boom generations over the coming decades. Fortunately for these economies, it turns out that adjusting their labour market participation is easier than for their neighbouring economies within the EU. Increasing labour market participation to 60% keeps several countries largely out of the woods.
Keywords: Demography; fiscal policy; labour; ageing; European Union. (search for similar items in EconPapers)
JEL-codes: C01 D6 E24 E62 F22 H53 H55 J11 J18 J21 J48 O57 (search for similar items in EconPapers)
Date: 2012-07-11
New Economics Papers: this item is included in nep-age, nep-dem and nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.eeri.eu/documents/wp/EERI_RP_2012_11.pdf (application/pdf)
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:eei:rpaper:eeri_rp_2012_11
Access Statistics for this paper
More papers in EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().