The wealth of generations: Pensions and welfare from a macroeconomic perspective

Research output: ThesisDoctoral Thesis

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Abstract

In the upcoming decades, many countries will be confronted with an ageing population due to lower birth rates and increasing logevity. This will put existing pension and health care arrrangements under great pressure, which has led to a growing interest in the effects of demographic change and the design of pension schemes on the economy. This thesis investigates the macroeconomic consequences of population ageing and social security reform and the ensuing effects on the welfare of current and future generations. It considers aspects that so far have been neglected or received little attention in the economic literature. The first chapters deal with the increasing need for labour-intensive services by elderly individuals. They analyse the implications of ageing and a shift to a more funded pension scheme on the sectoral structure of the economy, and its consequences for wage inflation and productivity growth. The next chapter examines the international spillover effects caused by ageing and different degrees of funding between countries. The final chapter discusses endogenous fertility and analyses appropriate systems of child allowance for an ageing society with an unfunded pension scheme.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Meijdam, Lex, Promotor
  • Verbon, Harrie, Promotor
Award date3 Oct 2003
Place of PublicationTilburg
Publisher
Print ISBNs9056681206
Publication statusPublished - 2003

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Macroeconomics
Wealth
Pension scheme
Pensions
Endogenous fertility
International spillovers
Healthcare
Population aging
Child allowance
Wages
Social security reform
Aging population
Birth rate
Economics
Demographic change
Inflation
Funding
Spillover effects
Labor
Productivity growth

Cite this

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title = "The wealth of generations: Pensions and welfare from a macroeconomic perspective",
abstract = "In the upcoming decades, many countries will be confronted with an ageing population due to lower birth rates and increasing logevity. This will put existing pension and health care arrrangements under great pressure, which has led to a growing interest in the effects of demographic change and the design of pension schemes on the economy. This thesis investigates the macroeconomic consequences of population ageing and social security reform and the ensuing effects on the welfare of current and future generations. It considers aspects that so far have been neglected or received little attention in the economic literature. The first chapters deal with the increasing need for labour-intensive services by elderly individuals. They analyse the implications of ageing and a shift to a more funded pension scheme on the sectoral structure of the economy, and its consequences for wage inflation and productivity growth. The next chapter examines the international spillover effects caused by ageing and different degrees of funding between countries. The final chapter discusses endogenous fertility and analyses appropriate systems of child allowance for an ageing society with an unfunded pension scheme.",
author = "{van Groezen}, B.J.A.M.",
year = "2003",
language = "English",
isbn = "9056681206",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

The wealth of generations : Pensions and welfare from a macroeconomic perspective. / van Groezen, B.J.A.M.

Tilburg : CentER, Center for Economic Research, 2003. 179 p.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - The wealth of generations

T2 - Pensions and welfare from a macroeconomic perspective

AU - van Groezen, B.J.A.M.

PY - 2003

Y1 - 2003

N2 - In the upcoming decades, many countries will be confronted with an ageing population due to lower birth rates and increasing logevity. This will put existing pension and health care arrrangements under great pressure, which has led to a growing interest in the effects of demographic change and the design of pension schemes on the economy. This thesis investigates the macroeconomic consequences of population ageing and social security reform and the ensuing effects on the welfare of current and future generations. It considers aspects that so far have been neglected or received little attention in the economic literature. The first chapters deal with the increasing need for labour-intensive services by elderly individuals. They analyse the implications of ageing and a shift to a more funded pension scheme on the sectoral structure of the economy, and its consequences for wage inflation and productivity growth. The next chapter examines the international spillover effects caused by ageing and different degrees of funding between countries. The final chapter discusses endogenous fertility and analyses appropriate systems of child allowance for an ageing society with an unfunded pension scheme.

AB - In the upcoming decades, many countries will be confronted with an ageing population due to lower birth rates and increasing logevity. This will put existing pension and health care arrrangements under great pressure, which has led to a growing interest in the effects of demographic change and the design of pension schemes on the economy. This thesis investigates the macroeconomic consequences of population ageing and social security reform and the ensuing effects on the welfare of current and future generations. It considers aspects that so far have been neglected or received little attention in the economic literature. The first chapters deal with the increasing need for labour-intensive services by elderly individuals. They analyse the implications of ageing and a shift to a more funded pension scheme on the sectoral structure of the economy, and its consequences for wage inflation and productivity growth. The next chapter examines the international spillover effects caused by ageing and different degrees of funding between countries. The final chapter discusses endogenous fertility and analyses appropriate systems of child allowance for an ageing society with an unfunded pension scheme.

M3 - Doctoral Thesis

SN - 9056681206

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

van Groezen BJAM. The wealth of generations: Pensions and welfare from a macroeconomic perspective. Tilburg: CentER, Center for Economic Research, 2003. 179 p. (CentER Dissertation Series).