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The 2015 ageing report
 — economic and budgetary projections for the 28 EU Member States (2013-2060)
Author(s)Peter Part
Corporate AuthorAgeing Working Group - AWG, Directorate-General for Economic and Financial Affairs - DG ECFIN, European Union
PublisherEuropean Union, Directorate-General for Economic and Financial Affairs, Brussels, 2015
Pages424 pp (European Economy series 3/2015)
Sourcehttp://ec.europa.eu/economy_finance/publications/e...
KeywordsAgeing process ; Demography ; Economics ; Public finances ; European Union.
AnnotationThis is the fifth report with long-term projections of the budgetary impact of population ageing, and covers the 28 EU Member States and Norway for the period 2013-2060. The European Commission has already recognised the need to tackle the impact of ageing populations on the European Social Models. Europe is 'turning increasingly grey' in the coming decades. The demographic old-age dependency ratio (people aged 65+ relative to those aged 15-64) is projected to increase from 27.8% to 50.1% in the EU as a whole over the projection period. This implies that the proportion of working-age people supporting those in retirement will halve from an average of four today, to just two, by 2060. The long-term budgetary projections show that population ageing poses a challenge for the public finances in the EU. The fiscal impact of ageing is projected to be high in most Member States, with effects becoming apparent already during the next decade. The report is arranged in four parts. Part 1 covers underlying demographic and macroeconomic assumptions. Part 2, on long-term projections of age-related expenditure and unemployment benefits, covers aspects of pensions, health care, long-term care, education and unemployment benefits. Parts 3 and 4 are statistical annexes: cross-country, and for each Member State respectively. Previous titles in the European Economy series can be accessed and downloaded free of charge (see: http://ec.europa.eu/economy_finance/publications/e... (RH).
Accession NumberCPA-150529001 E
ClassmarkBG: S8: W: WN5: WFC

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