Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142640
Authors: 
Peeters, Marga
Groot, Loek
Year of Publication: 
2012
Series/Report no.: 
EERI Research Paper Series 11/2012
Abstract: 
On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older people. Our results show that the most publically indebted EU economies face the highest increases in public spending on the retiring baby boom generations over the coming decades. Fortunately for these economies, it turns out that adjusting their labour market participation is easier than for their neighbouring economies within the EU. Increasing labour market participation to 60% keeps several countries largely out of the woods.
Subjects: 
Demography
fiscal policy
labour
ageing
European Union
JEL: 
C01
D6
E24
E62
F22
H53
H55
J11
J18
J21
J48
O57
Document Type: 
Working Paper

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