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Prospective Ageing and Economic Growth in Europe

Crespo Cuaresma, Jesus and Lábaj, Martin and Pruzinský, Patrik (2014) Prospective Ageing and Economic Growth in Europe. Department of Economics Working Paper Series, 165. WU Vienna University of Economics and Business, Vienna.

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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. (authors' abstract)

Item Type: Paper
Keywords: Economic growth / ageing / prospective age / old age dependency ratio
Classification Codes: JEL I15, O15, O52
Divisions: Departments > Volkswirtschaft
Depositing User: Claudia Tering-Raunig
Date Deposited: 05 Feb 2014 09:04
Last Modified: 05 Feb 2014 09:04
URI: http://epub.wu.ac.at/id/eprint/4080

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