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The European National Transfer Accounts: Data and Applications
[journal article]
Abstract Population ageing exerts considerable pressure on the funding of public transfers. It is of utmost importance to understand how the transfer system can adapt to population ageing. Using National Transfer Accounts, we illustrate the different organisation of transfer systems across Europe. Countries ... view more
Population ageing exerts considerable pressure on the funding of public transfers. It is of utmost importance to understand how the transfer system can adapt to population ageing. Using National Transfer Accounts, we illustrate the different organisation of transfer systems across Europe. Countries like Greece and Romania, where labour income already falls short of consumption at age 54, would greatly improve their public system sustainability by following the Swedish example where this happens ten years later. High consumption at older ages is less problematic when financed substantially through savings (the UK) rather than almost exclusively through transfers (Austria).... view less
Keywords
EU; demographic aging; economic dependence; consumption; elderly; transfer payments
Classification
Population Studies, Sociology of Population
Social Policy
Free Keywords
EU-SILC 2011; National Transfer Accounts; public system
Document language
English
Publication Year
2021
Page/Pages
p. 184-193
Journal
Economic and Business Review, 23 (2021) 3
DOI
https://doi.org/10.15458/2335-4216.1287
ISSN
2335-4216
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0