The AGENTA project aims at explaining the past and forecasting the future of taxes and public transfers and services in the light of demographic change in the European Union. Conceptually AGENTA puts a special emphasis on
the links between the public and the non-public sector (particularly households) in providing resources in the dependent periods of the life cycle;
the links between the different components of the public budget (current investments in the health and other human capital of children shape the need for services and the size of the public budget in the future);
the definition of stages of the life cycle, such as childhood, active age and old age, in particular the age of becoming old, and how they interrelate to impact both economic activity during the life-cycle and the timing of, and circumstances surrounding, the retirement decision.
The acronym of the project, AGENTA, has a double reference. We will use the new method of National Transfer Accounts to analyse the increasing average AGE that constitutes the ageing of European societies. In addition, the output of the project will be strongly policy oriented, offering an AGENDA for preparing for old-age societies.
Acknowledgement Thomas Lindh
Without Thomas Lindh the European NTA would not have started and without Thomas Lindh the AGENTA proposal would not have started. This project is dedicated to the memory of Professor Thomas Lindh (1952-2013).