Assessing Pension expenditure determinants : the case of Portugal
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/17358 |
Resumo: | Pension expenditure is a concern for the sustainability of public finances in the European Union. Therefore, assessing pension expenditure determinants is crucial. This study aims to disentangle the impact of demographic and economic variables, such as ageing, productivity, and unemployment, on pension expenditure. Using Portuguese time-series data, from 1975 to 2014, statistical evidence was found of co-integration between unemployed people aged between 15 and 64 years old, apparent productivity of labour, the old-age dependence index and pension expenditure as a share of gross domestic product. The use of a vector error correction model, with impulse-response functions and variance decomposition, showed that ageing has an almost insignificant impact in the long-run, when compared with unemployment and productivity. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Assessing Pension expenditure determinants : the case of Portugalpension expendituredeterminantslinear regression analysisPension expenditure is a concern for the sustainability of public finances in the European Union. Therefore, assessing pension expenditure determinants is crucial. This study aims to disentangle the impact of demographic and economic variables, such as ageing, productivity, and unemployment, on pension expenditure. Using Portuguese time-series data, from 1975 to 2014, statistical evidence was found of co-integration between unemployed people aged between 15 and 64 years old, apparent productivity of labour, the old-age dependence index and pension expenditure as a share of gross domestic product. The use of a vector error correction model, with impulse-response functions and variance decomposition, showed that ageing has an almost insignificant impact in the long-run, when compared with unemployment and productivity.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaGarcia, Maria TeresaSilva, André Fernando Rodrigues Rocha da2019-02-14T11:39:42Z2019-022019-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/17358engGarcia, Maria Teresa, André Fernando Rodrigues Rocha da Silva (2019). "Assessing Pension expenditure determinants : the case of Portugal". Instituto Superior de Economia e Gestão – REM Working paper nº 068 - 20192184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:47:02Zoai:www.repository.utl.pt:10400.5/17358Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:02:35.061204Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Assessing Pension expenditure determinants : the case of Portugal |
title |
Assessing Pension expenditure determinants : the case of Portugal |
spellingShingle |
Assessing Pension expenditure determinants : the case of Portugal Garcia, Maria Teresa pension expenditure determinants linear regression analysis |
title_short |
Assessing Pension expenditure determinants : the case of Portugal |
title_full |
Assessing Pension expenditure determinants : the case of Portugal |
title_fullStr |
Assessing Pension expenditure determinants : the case of Portugal |
title_full_unstemmed |
Assessing Pension expenditure determinants : the case of Portugal |
title_sort |
Assessing Pension expenditure determinants : the case of Portugal |
author |
Garcia, Maria Teresa |
author_facet |
Garcia, Maria Teresa Silva, André Fernando Rodrigues Rocha da |
author_role |
author |
author2 |
Silva, André Fernando Rodrigues Rocha da |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Garcia, Maria Teresa Silva, André Fernando Rodrigues Rocha da |
dc.subject.por.fl_str_mv |
pension expenditure determinants linear regression analysis |
topic |
pension expenditure determinants linear regression analysis |
description |
Pension expenditure is a concern for the sustainability of public finances in the European Union. Therefore, assessing pension expenditure determinants is crucial. This study aims to disentangle the impact of demographic and economic variables, such as ageing, productivity, and unemployment, on pension expenditure. Using Portuguese time-series data, from 1975 to 2014, statistical evidence was found of co-integration between unemployed people aged between 15 and 64 years old, apparent productivity of labour, the old-age dependence index and pension expenditure as a share of gross domestic product. The use of a vector error correction model, with impulse-response functions and variance decomposition, showed that ageing has an almost insignificant impact in the long-run, when compared with unemployment and productivity. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-02-14T11:39:42Z 2019-02 2019-02-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/17358 |
url |
http://hdl.handle.net/10400.5/17358 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Garcia, Maria Teresa, André Fernando Rodrigues Rocha da Silva (2019). "Assessing Pension expenditure determinants : the case of Portugal". Instituto Superior de Economia e Gestão – REM Working paper nº 068 - 2019 2184-108X |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131115339907072 |