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Scenarios for Global Ageing: An Investigation with the INGENUE 2 World Model. ENEPRI Research Reports No. 9, 1 July 2005

Aglietta, Michel and Borgy, Vladimir and Chateau, Jean. (2005) Scenarios for Global Ageing: An Investigation with the INGENUE 2 World Model. ENEPRI Research Reports No. 9, 1 July 2005. UNSPECIFIED.

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    Abstract

    This paper explores the consequences of pension reforms in Western Europe in a world economy setting. Whereas various economic and social consequences of population ageing have been investigated in OECD countries, very few analyses have explicitly taken the worldwide aspect of the problem into account. In order to do so, this report relies on the latest version of the INGENUE World Model (2). This applied, international, overlapping-generations, general-equilibrium model of the world economy has been built specifically to analyse the international capital flows and growth dynamics induced by the different degrees of population ageing taking place in the various regions of the world. After a description of the major features of the baseline scenario of the model for the world economy over the next 50 years, the authors explore the domestic and international macroeconomic consequences of two scenarios of pension reform in Western Europe as well as their intergenerational distributional effects. These scenarios are then compared with a specific migration scenario, making use of the new features of the INGENUE 2 model.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > External relations > international economy
    EU policies and themes > Policies & related activities > social policy > welfare state
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Research Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Aug 2009
    Page Range: p. 45
    Last Modified: 06 Apr 2012 13:18
    URI: http://aei.pitt.edu/id/eprint/9505

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