A significant ageing trend can be observed in Europe and in other parts of the world. Fertility is decreasing and life expectancy increasing. The impact of migration is growing. The book deals with the implications for financial markets of these demographic trends. Leading economists and...

This paper reviews the projections of the Economic Policy Committee and the European Commission on age-related expenditure carried out in 2005. It takes a closer look at the results of public pension expenditure projections with a view of analysing the timing of projected changes and the driving...

This study aims at examining transitions in and out of labour market as well as transitions from one benefit to another. More specifically, it analyses incentive structures embedded in benefit and tax systems which may affect such transitions. This involves benefit levels compared to income from...

This paper presents results of an on-going joint European Commission / OECD project, aimed at monitoring the direct influence of tax and benefit instruments on household incomes. Indicators of financial work incentives are needed for identifying any undesired influences of taxes and social...

The study reviews various approaches applied in computing net replacement rates for the unemployed. Until now, there have been relatively new comparative studies on net replacement rates. Most of them are based on simulation calculations for a set of stylised households. The stylised calculation...

This paper reviews the projections of the Economic Policy Committee and the European Commission on age-related expenditure carried out in 2005. It takes a closer look at the results of public pension expenditure projections with a view of analysing the timing of projected changes and the driving...

This paper presents an assessment of the overall economic impact of ageing for the EU Member States. It draws upon the macroeconomic assumptions developed by the Ageing Working Group attached to the Economic Policy Committee and the Directorate General for Economic and Financial Affairs for the...