Survey on demographic changes and productivity growth (D2.5)
The world demand for higher education has grown significantly since 1960. From then on, the research of economics of education has expanded, analysing effects of education on individual earnings and economic growth. Higher education attainment of the population fosters economic growth. In the era of population ageing governments hardly maintain their current level of public provision. Therefore, there exists an increased interest in understanding the exchange of support between the state and the family.
Recently developed National Transfers Accounts (NTA) methodology enables us to comprehensively analyse the age span at which individuals are economically (in)dependent, as well as flows through which this dependency is financed. The purpose of this paper is to discuss the impact of ageing on productivity both at micro and macroeconomic level to identify the possible negative and potentially also positive linkages and also channels of influence.