in relation to the pensions and health care spending, The "said" ageing expenditures since the debate on this issue doesn … dependents variables are pensions and health care spendings on GDP, The key independent variable is the interest charges, Other …, expenditures on interest charges would not crowd out spending on pensions and health care, However, the significance of the …

(ESCB). The identification strategy consists of a narrative analysis of policy actions in old age pensions reported in the … ESCB dataset. I find that increases in old age pensions have a positive impact on aggregate expenditure components and …

distribution. According to the results, the savings rate is negatively associated with private pensions at all quantile levels. The …