Transfers in an aging European Union

Kluge, Fanny A.; Goldstein, Joshua R.; Vogt, Tobias C.

doi:10.1016/j.jeoa.2018.07.004

Item

ITEM ACTIONSEXPORT

Add to Basket

Local TagsRelease HistoryDetailsSummary

Released

Journal Article

Transfers in an aging European Union

MPS-Authors

There are no MPG-Authors in the publication available

External Resource

No external resources are shared

Fulltext (restricted access)

There are currently no full texts shared for your IP range.

Fulltext (public)

There are no public fulltexts stored in PuRe

Supplementary Material (public)

There is no public supplementary material available

Citation

Kluge, F. A., Goldstein, J. R., & Vogt, T. C. (2019). Transfers in an aging European Union. Journal of the Economics of Ageing, 13, 45-54. doi:10.1016/j.jeoa.2018.07.004.

Cite as: https://hdl.handle.net/21.11116/0000-0006-B02A-4

Abstract

Population aging and longevity can pose challenges to the sustainability of fiscal budgets. This is of particular concern in Europe’s rapidly aging welfare states offering generous social support programs for the elderly. Still, there are differences in the pace of ageing and the generosity of welfare states. We use public tax and benefit age schedules from the National Transfer Accounts project to estimate the impact of population aging on fiscal budgets of single countries and their implications for potential transfer flows in between European Union countries. We show the positive impact of changes in the economic life cycle by working longer and the impact of migration on the redistribution of transfers across Europe. We illustrate the crucial role that demography plays in deepening and reinforcing the fortunes of European finances.