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Ageing Europe: An application of National Transfer Accounts (NTA) for explaining and projecting trends in public finances

Ageing Europe: An application of National Transfer Accounts (NTA) for explaining and projecting trends in public finances

Objective

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.
In other words, we emphasize that trends in the public sector cannot be fully understood without taking non-public institutions into account and doing so over the life cycles of successive cohorts of the population. The guiding principle of the AGENTA project is to provide evidence based policy proposals to ensure long-term sustainability of public finances in Europe.
The acronym of the project, AGENTA, has a double reference. We will use the new method of National Transfer Accounts (NTA, see www.ntaccounts.org) 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 long-life societies.
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Coordinator

OESTERREICHISCHE AKADEMIE DER WISSENSCHAFTEN

Address

Dr. Ignaz Seipel-Platz 2
1010 Wien

Austria

Activity type

Research Organisations

EU Contribution

€ 702 801,26

Administrative Contact

Inga Freund (Ms.)

Participants (8)

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STIFTELSEN INSTITUTET FOR FRAMTIDSSTUDIER

Sweden

EU Contribution

€ 53 461,67

LUNDS UNIVERSITET

Sweden

EU Contribution

€ 330 730,84

HUNGARIAN CENTRAL STATISTICAL OFFICE DEMOGRAPHIC RESEARCH INSTITUTE

Hungary

EU Contribution

€ 270 026,92

UNIVERSITAT DE BARCELONA

Spain

EU Contribution

€ 427 770,12

UNIVERZA V LJUBLJANI

Slovenia

EU Contribution

€ 164 284,59

ECOLE D'ECONOMIE DE PARIS

France

EU Contribution

€ 175 177,32

SZKOLA GLOWNA HANDLOWA W WARSZAWIE

Poland

EU Contribution

€ 100 624

NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH LBG

United Kingdom

EU Contribution

€ 98 952,02

Project information

Grant agreement ID: 613247

Status

Closed project

  • Start date

    1 January 2014

  • End date

    31 December 2017

Funded under:

FP7-SSH

  • Overall budget:

    € 2 958 926,55

  • EU contribution

    € 2 323 828,74

Coordinated by:

OESTERREICHISCHE AKADEMIE DER WISSENSCHAFTEN

Austria