The European National Transfer Accounts: Data and Applications Article Swipe

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Consumption (sociology) Sustainability Population ageing Transfer (computing) Economics Population Ageing Demographic economics National accounts European population Development economics Business Economic growth Public economics Macroeconomics Demography Sociology Computer science Medicine Internal medicine Biology Social science Ecology Parallel computing

Jože Sambt , Bernhard Hammer , Tanja Istenič ·

YOU? · · 2021 · Open Access · · DOI: https://doi.org/10.15458/2335-4216.1287 · OA: W3214665315

Population ageing exerts considerable pressure on the funding of public transfers. It is of utmost importance to understand how the transfer system can adapt to population ageing. Using National Transfer Accounts, we illustrate the different organisation of transfer systems across Europe. Countries like Greece and Romania, where labour income already falls short of consumption at age 54, would greatly improve their public system sustainability by following the Swedish example where this happens ten years later. High consumption at older ages is less problematic when financed substantially through savings (the UK) rather than almost exclusively through transfers (Austria).