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Title:The risk of imbalances in the financing of social protection in the context of demographic ageing PDF Logo
Authors:Boboc, Cristina
Voineagu, Vergil
Issue Date:2008
Citation:[Journal:] Contemporary economics [ISSN:] 1897-9254 [Volume:] 2 [Year:] 2008 [Issue:] 1 [Pages:] 69-81
Abstract:In the next decades, developed countries will experience dramatic changes in their demographic trends. The retirement of the wide baby-boom generations, the increase in life expectancy and the decline in fertility ratios are likely to modify the size and the age-structure of their populations. The expected population ageing in European countries will burden the pension systems, especially wherever the pay-as-you-go pillar is predominant. Recently, migration has received a widespread attention as a solution to expected population decline and ageing in these countries. The flow of (young) migrants to developed countries is perceived as a means to alleviate the financial burden of pension systems. The aim of this contribution is to clarify the issue of aging on labour and capital markets in a macroeconomic perspective. A special attention is given to the risk of imbalances in the financing of social protection in the context of demographic ageing.
Document Type:Article
Appears in Collections:Contemporary Economics, Volume 1-4: English Articles

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