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Ageing cost projections – new evidence from the 2024 Ageing Report

Author

Listed:
  • Moshammer, Edmund
  • Schroth, Joachim

Abstract

This box presents the main results of the 2024 Ageing Report for the European Union Member States. Ageing-related fiscal costs in the euro area are projected to rise by 1.4 percentage points by 2070, increasing from 24.1% of GDP to stand at 25.6% of GDP, with notable variance across countries. These costs are a key consideration in assessing long-term fiscal sustainability. JEL Classification: J11, H55, H68

Suggested Citation

  • Moshammer, Edmund & Schroth, Joachim, 2024. "Ageing cost projections – new evidence from the 2024 Ageing Report," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2024:0005:8
    Note: 3510124
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202405_08~5f9531042f.en.html
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    More about this item

    Keywords

    Ageing population; fiscal policies; pension expenditure;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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