The Impact of Population Ageing on Public Debt: a Panel Analysis for Eighteen European Countries

Nicolas Afflatet

Research output: Working paperDiscussion paper

Abstract

Population ageing is one of the major long-term challenges industrialized countries face. Forecasts predict that public debt is going to rise sharply for most countries due to population ageing. However, until now there has been little research on how population ageing already affects public debt. Based on a panel data analysis for 18 European countries it is shown that there is only little empirical evidence for an impact until 2015. This does certainly not mean that it will not have an effect on public debt in the future. Governments are well-advised to benefit from the breathing space the still moderate total dependency ratio offers to adapt their social security systems.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-22
Number of pages22
Volume16
Publication statusPublished - 15 Dec 2016

Fingerprint

Population aging
European countries
Public debt
Panel analysis
Developed countries
Dependency ratio
Social security system
Empirical evidence
Government
Panel data analysis

Keywords

  • population ageing
  • public debt
  • social security systems
  • demographic dividend

Cite this

Afflatet, N. (2016). The Impact of Population Ageing on Public Debt: a Panel Analysis for Eighteen European Countries. (15 ed.) (pp. 1-22). Glasgow: University of Strathclyde.
Afflatet, Nicolas. / The Impact of Population Ageing on Public Debt : a Panel Analysis for Eighteen European Countries. 15. ed. Glasgow : University of Strathclyde, 2016. pp. 1-22
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Afflatet, N 2016 'The Impact of Population Ageing on Public Debt: a Panel Analysis for Eighteen European Countries' 15 edn, University of Strathclyde, Glasgow, pp. 1-22.

The Impact of Population Ageing on Public Debt : a Panel Analysis for Eighteen European Countries. / Afflatet, Nicolas.

15. ed. Glasgow : University of Strathclyde, 2016. p. 1-22.

Research output: Working paperDiscussion paper

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Afflatet N. The Impact of Population Ageing on Public Debt: a Panel Analysis for Eighteen European Countries. 15 ed. Glasgow: University of Strathclyde. 2016 Dec 15, p. 1-22.