A Semi-Aggregate Model for Social Expenditure Projections
ENEPRI Research Report No. 62
60 Pages Posted: 4 Apr 2012
Date Written: January 13, 2009
Abstract
This report describes the semi-aggregate model (SAM) developed to deliver aggregate projections of social protection expenditures as well as semi-aggregate projections of income sources by age class and gender for a number of European countries (Denmark, France, Germany, Italy, Latvia, Luxembourg, Netherlands, Poland, Spain and United Kingdom) over the horizon 2005 - 2050. The partial equilibrium stance adopted allows both a greater flexibility in the choice of countries and in the building of scenarios, while at the same time offering an easier understanding of the model’s inner mechanisms with respect to general equilibrium modelling. Results for aggregate projections are presented, including various sensitivity scenarios devoted at analyzing the role of theoretical replacement rates and employment rates – such as the one necessary to fulfill the Lisbon targets – on public pensions expenditures.
Keywords: social expenditure, aggregate projections, expenditure, semi-aggregate model, SAM, semi-aggregate, Denmark, France, Germany, Italy, Latvia, Luxembourg, Netherlands, Poland, Spain, United Kingdom, employment, pensions
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Social Security and Retirement
By Courtney Coile and Jonathan Gruber
-
Social Security and Retirement
By Courtney Coile and Jonathan Gruber
-
Social Security and Retirement in the U.S
By Peter A. Diamond and Jonathan Gruber
-
Social Security Programs and Retirement Around the World: Micro Estimation
By Jonathan Gruber and David A. Wise
-
Pensions, the Option Value of Work, and Retirement
By James H. Stock and David A. Wise
-
By Jonathan Gruber and David A. Wise
-
Social Security Programs and Retirement Around the World: Introduction and Summary of Papers by..
By Jonathan Gruber and David A. Wise
-
The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth
-
Delays in Claiming Social Security Benefits
By Courtney Coile, Peter A. Diamond, ...