Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)
Jesus Crespo Cuaresma
Prospective Ageing and Economic Growth in Europe
() and Patrik Pruzinský
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.
Keywords: Economic growth, ageing, prospective age, old age dependency ratio; (follow links to similar papers)
JEL-Codes: I15,; O15,; O52; (follow links to similar papers)
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