Prospective Ageing and Economic Growth in Europe

Jesus Crespo Cuaresma, Martin Lábaj, Patrik Pruzinský

Publication: Working/Discussion PaperWU Working Paper

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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. (authors' abstract)
Original languageEnglish
Place of PublicationVienna
PublisherWU Vienna University of Economics and Business
DOIs
Publication statusPublished - 2014

Publication series

SeriesDepartment of Economics Working Paper Series
Number165

WU Working Paper Series

  • Department of Economics Working Paper Series

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