Project description DEENESFRITPL When all the baby boomers retire The baby boomer generation is retiring. Their transition out of the workforce is creating not only a “pension wave” but also a shortage of skilled workers. The EU-funded BB-Future project will explore yet another major consequence that will follow the pension wave. In the mid-2030s, the baby boomers will be older and their health will deteriorate. Also, many of them will be in need of formal and/or informal long-term care. This “care wave” will transform two generations: the baby boomers in need of care and their children who may supply care. The project will shed light on the effort to understand the size and implications of the care wave on economy and society. Show the project objective Hide the project objective Objective The baby boomers are in the process of retiring. Most are between 60 and 65 when they retire and almost 80% self-assess their health as good. A huge number of research projects has analyzed retirement decisions and the impact of this “pension wave” on the transformation of pension systems in the ageing societies in Europe and elsewhere. There is no lack of pension finance projections and policy advice for pension reforms and their socio-economic effects, including active ageing and the role of elder citizens in transforming our economies into “silver economies”.Much less is known about the second great transformation that will follow the pension wave. In the mid2030s, the health of the baby boomers will have deteriorated and many in these large cohorts will be in need of formal and/or informal long-term care. This “care wave” will transform two generations: the baby boomers in need of care and their children who may supply care. It will have significant implications for labour supply, especially for women, saving behaviour, and therefore for productivity, economic growth and its inclusiveness. The overarching objective of BB-Future is to make a concerted effort to understand the size and the implications of the care wave on economic and social outcomes, to appreciate the quality of this second ageing-related transformation and to develop policy recommendations for advance planning on the EU and MS levels. Fields of science social scienceseconomics and businesseconomicsproduction economicsproductivity Programme(s) HORIZON.2.2 - Culture, creativity and inclusive society Main Programme HORIZON.2.2.3 - Social and Economic Transformations Topic(s) HORIZON-CL2-2022-TRANSFORMATIONS-01-10 - Socio-economic effects of ageing societies Call for proposal HORIZON-CL2-2022-TRANSFORMATIONS-01 See other projects for this call Funding Scheme RIA - Research and Innovation action Coordinator MAX-PLANCK-GESELLSCHAFT ZUR FORDERUNG DER WISSENSCHAFTEN EV Net EU contribution € 403 075,00 Address HOFGARTENSTRASSE 8 80539 Munchen Germany See on map Region Bayern Oberbayern München, Kreisfreie Stadt Activity type Research Organisations Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 403 075,00 Participants (5) Sort alphabetically Sort by Net EU contribution Expand all Collapse all BRUEGEL AISBL* Belgium Net EU contribution € 586 912,50 Address RUE DE LA CHARITE 33 1210 Bruxelles / Brussel See on map Region Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad Activity type Research Organisations Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 586 912,50 UNIVERSITE PARIS DAUPHINE France Net EU contribution € 359 027,50 Address PLACE DU MARECHAL DE LATTRE DE TASS IGNY 75775 Paris See on map Region Ile-de-France Ile-de-France Paris Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 359 027,50 UNIVERSIDAD CARLOS III DE MADRID Spain Net EU contribution € 344 090,00 Address CALLE MADRID 126 28903 Getafe (Madrid) See on map Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 344 090,00 ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING MCGILL UNIVERSITY Canada Net EU contribution € 330 471,00 Address 845 SHERBROOKE STREET WEST H3A0G4 Montreal See on map Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 330 471,25 MUNICH RESEARCH INSTITUTE FOR THEECONOMICS OF AGING AND SHAREANALYSES GGMBH Germany Net EU contribution € 927 993,75 Address AMALIENSTRASSE 33 80799 MUENCHEN See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Bayern Oberbayern München, Kreisfreie Stadt Activity type Research Organisations Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 927 993,75
