| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26503 |
| 来源ID | Working Paper 26503 |
| Demographic Obstacles to European Growth | |
| Thomas F. Cooley; Espen Henriksen; Charlie Nusbaum | |
| 发表日期 | 2019-12-02 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Since the early 1990’s the growth rates of the four largest European economies—France, Germany, Italy, and the United Kingdom—have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining fertility have led to gradually ageing populations. Demographic change affects economic growth directly through households savings and labor supply decisions and also growth indirectly through the pension systems and the need to fund them. Tax increases to balance budgets will impose additional distortions to individual factor-supply choices. We quantify the growth effects from aging and from the financing of public pensions, and we estimate the welfare gains from pension reforms. |
| 主题 | Macroeconomics ; Fiscal Policy ; Development and Growth ; Growth and Productivity ; Country Studies |
| URL | https://www.nber.org/papers/w26503 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584176 |
| 推荐引用方式 GB/T 7714 | Thomas F. Cooley,Espen Henriksen,Charlie Nusbaum. Demographic Obstacles to European Growth. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26503.pdf（702KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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