The 2012 ageing report [electronic resource] : underlying assumptions and projection methodologies / European Commission, Directorate-General for Economic and Financial Affairs ; Economic Policy Committee.

"In 2010, the ECOFIN Council gave the Economic Policy Committee (EPC) a mandate to update its common exercise of age-related expenditure projections by the autumn of 2012 on the basis of a new population projection by Eurostat. The long-term age-related expenditure projections provide an indica...

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Bibliographic Details
Online Access: Online Access
Corporate Authors: European Commission. Directorate-General for Economic and Financial Affairs, Economic Policy Committee of the European Communities. Ageing Working Group
Format: Electronic eBook
Language:English
Published: Luxembourg : Office for Official Publications of the European Communities, 2011.
Series:European economy ; 2011, no. 4.
Subjects:

MARC

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520 |a "In 2010, the ECOFIN Council gave the Economic Policy Committee (EPC) a mandate to update its common exercise of age-related expenditure projections by the autumn of 2012 on the basis of a new population projection by Eurostat. The long-term age-related expenditure projections provide an indication of the timing and scale of changes in economic developments that could result from an ageing population in a 'no-policy change' scenario. The projections show where (in which countries), when, and to what extent ageing pressures will accelerate as the baby-boom generation retires and average life span in the EU continues to increase. Hence, the updated projections of age-related expenditure and the associated sustainability assessments will provide important insights on both the economic impact of ageing and the risks to the long-term sustainability of Member States' public finances reflecting new economic environment, affected by a durable impact of the current crisis, and further reform effort by EU MS. This first report provides a description of underlying macroeconomic assumptions and projection methodologies of the age-related expenditure projections for all Member States. On the basis of these underlying assumptions and methodologies, age-related expenditures covering pensions, health care, long-term care, education and unemployment transfers will be calculated and presented to the ECOFIN Council in May 2012."--Publisher's website. 
588 |a Description based on print version record. 
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