Macroeconomics, Aging, and Growth

Lee, Ronald D.

doi:10.1016/bs.hespa.2016.05.002

Cited by 31 publications

(9 citation statements)

References 77 publications

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“…He stated that there can be 'economic reasons why long-term fertility levels somewhat below replacement would be preferable to replacement level' (Lutz 2014, p. 528). Lee and Mason (2014) and Lee (2016) have approached the problem of transfers within populations from a macroeconomic point of view and come to similar conclusions.…”

Section: Introductionmentioning

confidence: 81%

When is fertility too low or too high? Population policy preferences of demographers around the world

Dalen

Henkens

2020

Population Studies

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When does fertility in a country become so low or so high that a government needs to intervene? This paper sheds light on this population policy question, based on a worldwide survey among demographers. We examine how professionals' policy preferences regarding fertility levels are affected by their views on the impacts of population growth/decline and by fertility in their country of residence. The median respondent suggests intervention once fertility goes below 1.4 children or above 3.0. Three results stand out: first, demographers who are concerned about the carrying capacity of the earth are more willing to intervene than those who are less concerned. Second, the context of decision-making matters: experts living in high-fertility countries are more set on intervention than those living in low-fertility countries, but their threshold fertility level is also higher. Third, political orientation matters: right-leaning demographers are more set on government intervention than left-leaning demographers.

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Section: Introductionmentioning

confidence: 81%

When is fertility too low or too high? Population policy preferences of demographers around the world

Dalen

Henkens

2020

Population Studies

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“…Undoubtedly, one of the greatest tasks for public authorities is to change pension systems in such a way as to ensure a safe and dignified life for the elderly, and at the same time limit the negative effects in the form of excessive fiscal burdens on young people. Policy responses include increasing the size of the labour force, mainly by raising the retirement age; investing more in children to increase the quality and productivity of the future labour force; and public programs that promote fertility by facilitating market work for women with children (Lee, 2016). Anticipating the impact of future technological advancements on population aging is difficult.…”

Section: Population Aging As the Societal Challengementioning

confidence: 99%

Handbook on digital skills and cross-domain entrepreneurial competences for societal challenges

Ochojski,

Esparza Masana

2023

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Grand societal challenges (GSCs) are big social, economic, and environmental issues that have potential or actual negative impact on well-being of large population and extend beyond national borders. Responses to GSCs need to be based on collaborative efforts a wide range of public and private stakeholders (Ferraro et al., 2015, p. 365; Voegtlin et al. 2022, p. 1-2).GSCs are usually recognized by academics and practitioners and then become the concern of policymakers representing international organizations. United Nations has adopted a set of 17 Sustainable Development Goals (SDGs) to end poverty, reduce inequalities, combat climate change, protect ecosystems, ensure access to renewable energy etc. (UN 2015). Meanwhile The Commission of European Union launched five EU Mission that will aim to deliver solutions to key global challenges by 2030: 1. Adaptation to Climate Change: support at least 150 European regions and communities to become climate resilient by 2030. 2. Cancer: working with Europe's Beating Cancer Plan to improve the lives of more than 3 million people by 2030 through prevention, cure, and solutions to live longer and better. 3. Restore our Ocean and Waters by 2030. 4. 100 Climate-Neutral and Smart Cities by 2030. 5. A Soil Deal for Europe: 100 living labs and lighthouses to lead the transition towards healthy soils by 2030.

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“…Moreover, given longer life expectancy, pension schemes must provide benefits for much longer than policymakers had originally anticipated (and budgeted for) (Sinn & Uebelmesser, 2003). An ageing society is also likely to lead to lower economic growth as there are fewer producers, consumers and innovators in the workforce (Lee, 2016). While government spending driven by the demands of the elderly may offset some of this decline, the fiscal multiplier for spending on old‐age‐related programmes will likely be lower than the same amount of spending targeted towards younger voters (Basso & Rachedi, 2018).…”

Section: Ageing Societies and Public Debtmentioning

confidence: 99%

Age and support for public debt reduction

Aspide

Brown

DiGiuseppe

et al. 2022

European J Political Res

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Many scholars and policymakers see the continuing rise of debt burdens in the advanced industrialized world as the product of aging populations and increasing dependency ratios. In fact, many prominent theoretical models of government debt accumulation -often used to justify fiscal rules and austerity measures -make explicit assumptions that individuals will have different preferences for debt reduction as they age. While such models have been influential, the fundamental assumption regarding the relationship between age and preferences for growing debt has not been test empirically. Using a decade's worth of data from the Eurobarometer survey across 28 countries, we find that age has a modest, non-linear impact on concern for national debt burdens. In general, the middle-aged show the most concern for debt reduction, while the young and the old are less likely to view reducing government debt as a policy priority. Notably, the relationship is strongest in countries with more generous old-age benefits.

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Macroeconomics, Aging, and Growth

Cited by 31 publications

References 77 publications

When is fertility too low or too high? Population policy preferences of demographers around the world

When is fertility too low or too high? Population policy preferences of demographers around the world

Handbook on digital skills and cross-domain entrepreneurial competences for societal challenges

Age and support for public debt reduction

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