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Department of Economics, WU (Wirtschaftsuniversität Wien) Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)

No 165:
Prospective Ageing and Economic Growth in Europe

Jesus Crespo Cuaresma () 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)

January 2014

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