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7/2015 Reallocation of Resources Across Age in a Comparative European Setting. The National Transfer Accounts Project

Abstract:

Low fertility and longer lifespans will change the age structure of most industrialized countries. To sustain the we lfare state system, the reallocation of resources across age has to be reformed. We therefore need a better understanding of the design of the econom ic life cycle. The National Transfer Accounts (NTA) offers the method and data to study the economic life cycle. The aim of this paper is to give a brief overview of the NTA methodology, illustrate the shape of the economic life cycle for sele cted European countries and indicate how the NTA methodology can be applied to define economic support and dependency ratios.

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