This paper employs an aggregate representation of an overlapping generation (OLG) model quantifying a decrease of the natural real interest rate in the range of -1.7 and -0.4 percentage points in the euro area between 1990 and 2030 due to demographics alone. Two channels contribute to this...

The article provides a review of Hungarian and international demographic trends and examines the macroeconomic impacts of demographic developments in Hungary in comparison with the European Union. Based on available population projections, it is expected that ageing will also characterise...

The main purpose of this paper is to investigate the relationship between ageing and the development in the aggregate health care expenditure in EU countries on a macroeconomic level when economic and institutional variables are included. The results of the model will be used to extrapolate the...

This paper extracts the policy implications from ENEPRI Research Report No. 32, prepared under Work Package VI B of the AHEAD Project (Ageing, Health Status and Determinants of Health Expenditure) for the European Commission. The main purpose of this paper is to investigate the relationship...

The purpose of this paper is to offer a realistic perspective upon the imminent situation of demographic ageing issue in European Union. The forecasts are not reasons to major concern for the society but rather to become more responsible and not to neglect a problem that could affect our future....

Coffee is one of the staple beverages across Europe. The three highest GDP holders in the continent: France, Germany, UK have been compared based on their amount of coffee consumption relative to certain specific demographic variables. Three distinct user types have been identified in terms of...

Fiscal sustainability of pensions is a serious issue in Europe because of the ageing of the population but there is also concern that reformed pensions may not be adequate. Actuaries have always been seen as major players in employer-sponsored pension schemes and insured pensions but have often...