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Long-Run Economic Perspectives of an Ageing Society

Objective

This project integrates into modern dynamic macroeconomics a biologically founded process of individual ageing, i.e. ageing understood as the gradual deterioration of the functioning of body and mind. The EU member countries will be increasingly populated by older people. Our project investigates theoretically and quantitatively how ageing affects their health and productivity. Using models of endogenous economic growth we assess how the feedback effects of ageing on investment and education affect long-run economic growth, competitiveness, and welfare of the EU member countries. With multi-country models we analyze how ageing influences human capital formation and migration flows in Europe. Using models of optimal retirement decisions we investigate how ageing impacts on the contribution and employability of older workers and how this feeds back to issues of intergenerational solidarity. With models of endogenous R&D we explore how ageing interacts with technological progress and assess how ageing will affect the EU's capacity to innovate and to develop. We investigate how ageing interacts with health demand and supply and how this feeds back to the macroeconomy. We assess whether the EU's market economies and public sectors provide too much or too little health care.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /social sciences/sociology/social problems/migration
  • /social sciences/economics and business/economics/macroeconomics
  • /social sciences/economics and business/economics/production economics/productivity

Call for proposal

FP7-SSH-2007-1
See other projects for this call

Funding Scheme

CP-FP - Small or medium-scale focused research project

Coordinator

GOTTFRIED WILHELM LEIBNIZ UNIVERSITAET HANNOVER
Address
Welfengarten 1
30167 Hannover
Germany
Activity type
Higher or Secondary Education Establishments
EU contribution
€ 351 364
Administrative Contact
Holger Strulik (Prof.)

Participants (3)

KOBENHAVNS UNIVERSITET
Denmark
EU contribution
€ 261 696
Address
Norregade 10
1165 Kobenhavn
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Ivan Kristoffersen (Mr.)
UNIVERSIDAD DE ALICANTE
Spain
EU contribution
€ 198 108,35
Address
Campus De San Vicente Raspeig
03690 Alicante
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Carolina Fernandez (Ms.)
OESTERREICHISCHE AKADEMIE DER WISSENSCHAFTEN
Austria
EU contribution
€ 163 432,65
Address
Dr. Ignaz Seipel-platz 2
1010 Wien
Activity type
Research Organisations
Administrative Contact
Alexia Fürnkranz-Prskawetz (Prof.)