microWELT: Microsimulation projection of indicators of the economic effects of population ageing based on disaggregated national transfer accounts

Arbeitspapier

This paper studies how changes in the population composition by education and family characteristics impact on indicators of the economic effects of population ageing based on National Transfer Accounts (NTAs). NTAs constitute cross-sectional per-capita age-profiles of the key variables of national accounts consumption, income, saving, and public transfers, incorporating an estimation of private transfers. A variety of indicators based on NTA data combined with population projections was developed in the literature, of which we have selected two for our analysis: the Support Ratio (SR) and the Impact Index (IMP). We complement existing projections by using new disaggregated NTA data by education and family type, contrasting the results to the same indicators based on NTAs by age. Our projection analysis is performed using the dynamic microsimulation model microWELT. The model provides the required detailed socio-demographic projections and incorporates the NTA accounting framework. Our results show that indicators based on disaggregated data can give a very distinct picture of the economic effects of population ageing, as the burden of ageing is alleviated by the education expansion. Our study compares results for Austria and Spain.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIFO Working Papers ; No. 612

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts ; Demographic Trends, Macroeconomic Effects, and Forecasts ; Comparative Analysis of Economic Systems ; Comparative Studies of Countries ; Forecasting Models; Simulation Methods
• Thema: Microsimulation ; Education ; Demographic Change ; National Transfer Accounts

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Spielauer, Martin ; Horvath, Gerard Thomas ; Fink, Marian ; Abío, Gemma ; Souto, Guadalupe ; Patxot, Concepció ; Istenic, Tanja
• Ereignis: Veröffentlichung
• (wer): Austrian Institute of Economic Research (WIFO)
• (wo): Vienna
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/227495
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ