Prospective ageing and economic growth in Europe

Crespo Cuaresma J, Labaj M, & Pruzinsky P (2014). Prospective ageing and economic growth in Europe. The Journal of the Economics of Ageing: 50-57. DOI:10.1016/j.jeoa.2014.05.003.

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Abstract

We assess empirically the role played by prospective ageing measures as a predictor of income growth in Europe. We show that prospective ageing measures which move beyond chronological age and incorporate changes in life expectancy are able to explain better the recent long-run growth experience of European economies. The improvement in explanatory power of prospective ageing indicators as compared to standard measures based on chronological age is particularly relevant for long-run economic growth horizons.

Item Type: Article
Uncontrolled Keywords: Economic growth; Ageing; Prospective age; Old age dependency ratio
Research Programs: World Population (POP)
Bibliographic Reference: The Journal of the Economics of Ageing; 3:50-57 (April 2014) (Published online 27 June 2014)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:50
Last Modified: 26 Feb 2016 12:42
URI: http://pure.iiasa.ac.at/10902

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