The Welfare State and the demographic dividend: A cross-country comparison
Concepció Patxot (),
Miguel Sanchez-Romero () and
Guadalupe Souto Nieves ()
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Guadalupe Souto Nieves: Universitat Autònoma de Barcelona
No 2015/332, UB Economics Working Papers from Universitat de Barcelona, Facultat d'Economia i Empresa, UB School of Economics
The sustainability of the welfare state is in doubt in many developed countries due to drastic population ageing. The extent of the problem and the margin for reforms depend - among other factors - on the size of the ageing process and the size of the public transfer system. The latter has a crucial impact on the extent to which the first demographic dividend previous to the ageing process turns into a second demographic dividend. The contribution of the different factors driving the demographic dividend is, ultimately, an empirical question. In this paper we contribute to the debate, exploding the cross-country comparison potentialities of the National Transfer Accounts (NTA) database. In particular, we introduce different configurations of the welfare state transfers – Sweden, United States and Spain - into a realistic demography Overlapping Generations (OLG) model and simulate its effects on the second demographic dividend.
Keywords: Ageing; demographic dividend; intergenerational transfers; national transfer accounts; overlapping generations model; welfare state. (search for similar items in EconPapers)
JEL-codes: E21 H53 J11 J18 (search for similar items in EconPapers)
Pages: 51 pages
New Economics Papers: this item is included in nep-age, nep-dge, nep-eec, nep-mac and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:ewp:wpaper:332web
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