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What are the financial implications of an ageing population for European citizens?

Abstract : This article proposes an overlapping generation model to explore the impact of ageing across Europe on individual wealth. Once calibrated to U.N demographic data, the model shows that for European countries (whether mature or emerging) demographic shifts will lead to sizeable fluctuations in individuals’ wealth. The generations born between 1990 and 2010 will indeed experience a constant reduction (up to 10%) in the wealth they accumulate over their whole lifecycle, whilst the prosperity of later generations will revert back to the level of baby-boomers (i.e. individuals born in the 1950s). The model also shows that those fluctuations could potentially be mitigated by delaying the moment at which retired individuals transform the capital accumulated through their private pension schemes into an annuity complementing public retirement allowances.
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Contributor : Edouard Ribes Connect in order to contact the contributor
Submitted on : Friday, January 22, 2021 - 3:20:37 PM
Last modification on : Wednesday, November 17, 2021 - 12:31:58 PM
Long-term archiving on: : Friday, April 23, 2021 - 7:15:18 PM


To which extent should we evol...
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  • HAL Id : hal-03118783, version 1


Edouard Ribes. What are the financial implications of an ageing population for European citizens?. 2021. ⟨hal-03118783v1⟩



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