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The effect of ageing on the European economies in a life-cycle model

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  • Kolasa, Aleksandra
  • Rubaszek, Michał

Abstract

Aging is going to be an important factor affecting the functioning of European economies in the forthcoming decades. It is estimated that in most European countries the old-dependency ratio is going to increase significantly. The question arises about the effects of this process on the economy and what kind of policies would attenuate the potential problems. This paper addresses this issue by showing under “no-policy change” scenario one can expect a build-up of significant imbalances in four biggest euro area economies, which highlights a need of deeper reforms in the institutional design of the euro area.

Suggested Citation

  • Kolasa, Aleksandra & Rubaszek, Michał, 2016. "The effect of ageing on the European economies in a life-cycle model," Economic Modelling, Elsevier, vol. 52(PA), pages 50-57.
    • Handle: RePEc:eee:ecmode:v:52:y:2016:i:pa:p:50-57
    DOI: 10.1016/j.econmod.2015.06.020
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    References listed on IDEAS

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    Cited by:

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    2. Jeongseok Song & Doojin Ryu, 2018. "Aging effects on consumption risk-sharing channels in European countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 585-617.
    3. Georges, Patrick & Seçkin, Aylin, 2016. "From pro-natalist rhetoric to population policies in Turkey? An OLG general equilibrium analysis," Economic Modelling, Elsevier, vol. 56(C), pages 79-93.
    4. Patrik Rovný & Serhiy Moroz & Jozef Palkovič & Elena Horská, 2021. "Impact of Demographic Structure on Economic Development of Ukrainian Coastal Regions," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    5. Pascual-Saez, Marta & Cantarero-Prieto, David & Pires Manso, José R., 2020. "Does population ageing affect savings in Europe?," Journal of Policy Modeling, Elsevier, vol. 42(2), pages 291-306.

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