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The Welfare State and the demographic dividend: A cross-country comparison
Abío, Gemma; Patxot, Concepció; Sánchez-Romero, Miguel; Souto Nieves, Guadalupe
Universitat de Barcelona
The sustainability of the welfare state is in doubt in many developed countries due to drastic population ageing. The extent of the problem and the margin for reforms depend - among other factors - on the size of the ageing process and the size of the public transfer system. The latter has a crucial impact on the extent to which the first demographic dividend previous to the ageing process turns into a second demographic dividend. The contribution of the different factors driving the demographic dividend is, ultimately, an empirical question. In this paper we contribute to the debate, exploding the cross-country comparison potentialities of the National Transfer Accounts (NTA) database. In particular, we introduce different configurations of the welfare state transfers – Sweden, United States and Spain - into a realistic demography Overlapping Generations, OLG, model and simulate its effects on the second demographic dividend.
Estat del benestar
Envelliment de la població
Welfare State
Population aging
cc-by-nc-nd, (c) Abío et al., 2015
Documento de trabajo
Universitat de Barcelona. Facultat d'Economia i Empresa

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