The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...

A shift in population distribution toward older ages is underway in industrialised countries throughout the world and will continue well into the future. We provide a framework for isolating the pure effects of population aging on per capita GDP, employ the framework in calculations for twenty...

This paper presents an assessment of the overall economic impact of ageing for the EU Member States. It draws upon the macroeconomic assumptions developed by the Ageing Working Group attached to the Economic Policy Committee and the Directorate General for Economic and Financial Affairs for the...

A shift in population distribution toward older ages is underway in industrialised countries throughout the world and will continue well into the future. We provide a framework for isolating the pure effects of population aging on per capita GDP, employ the framework in calculations for the ten...

A shift in population distribution toward older ages is underway in industrialised countries throughout the world and will continue well into the future. We provide a framework for isolating the pure effects of population aging on per capita GDP, employ the framework in calculations for twenty...

Existing forecasts of a continuously rising income share of health spending (SHS) take per capita income growth and population aging as given. We develop a human capital-based endogenous growth model treating these variables as endogenously determined. In this private-economy setting, SHS has...

In the present paper an empirical analysis will point out that ageing causes a decline on economic growth as claimed by Martins et al., (2005). The sample covers all western world and the United States. Data are taken from Eurostat and OECD. The elaboration of these panel data is made feasible...

In the present paper it will be estimated econometrically with panel data the change in household consumption structure due to population ageing (as also claimed by Martins et al., 2005). Our sample will cover western European EC members. Data are drawn from Eurostat as well as OECD. The...

In the present paper an empirical analysis will point out that in all industrial countries ageing population growth causes an even faster increase in health expenditure (% GDP). This phenomenon will affect among others economic growth as well as consumption structure. This phenomenon...

This paper presents new evidence for major world regions and for the most populous countries in each region on associations between the average ages of populations and three groups of economic outcomes: (1) macroeconomic aggregates (domestic saving as a share of GDP, GDP per capita, capital per...