Education as a partial remedy for the economic pressure of population ageing

Kelin, Ema (avtor), Istenič, Tanja (avtor), Sambt, Jože (avtor)

Purpose – Population ageing will bring economic challenges in the future. The purpose of this paper is to examine whether increased educational level could mitigate the consequences of population ageing on economic sustainability, measured as the gap between labour income and consumption. Design/methodology/approach – Using the National Transfer Accounts (NTA) methodology, the authors decompose labour income and consumption by age and educational level (low, medium and high) and compare obtained age profiles with those calculated conventionally. In addition, using the population projections by age and educational level, the authors project both profiles to 2060 for selected EU countries and assess future economic sustainability. Findings – The results show that the highly educated have a significantly higher surplus for a longer period then those with lower and medium education. Therefore, the improved educational level of individuals will have a substantially positive impact on labour income in the future—on average by about 32% by 2060 for all EU countries included. However, as the better educated also consume more, higher production does not fully translate into improved economic sustainability, but the resulting net effect is still positive at about 19%. Originality/value – The authors present for the first time an NTA by education for 15 EU countries and show the importance of including education in the analysis of the economic life cycle. The authors also show that increased educational level will mitigate the consequences of population ageing on economic sustainability in the future.

• Jezik: Angleški jezik
• Ključne besede: learning, ageing, sustainable development, labour income, consumption, educational level, population ageing, economic sustainability
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2023
• Št. strani: Str. 37-54
• Številčenje: Vol. 44, no. 9
• PID: 20.500.12556/RUL-144978
• UDK: 314
• ISSN pri članku: 0143-7720
• DOI: 10.1108/IJM-03-2022-0126
• COBISS.SI-ID: 135355139
• Datum objave v RUL: 27.03.2023

Gradivo je del revije

• Naslov: International journal of manpower
• Skrajšan naslov: Int. j. manpow.
• Založnik: Emerald
• ISSN: 0143-7720
• COBISS.SI-ID: 25646848

Licence

• Licenca: CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by/4.0/deed.sl
• Opis: To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: izobraževanje, staranje, trajnostni razvoj

Projekti

• Financer: EC - European Commission
• Program financ.: FP7
• Številka projekta: 613247
• Naslov: Ageing Europe: An application of National Transfer Accounts (NTA) for explaining and projecting trends in public finances
• Akronim: AGENTA

• Financer: ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
• Številka projekta: P5-0128
• Naslov: Izzivi vključujočega in trajnostnega razvoja v prevladujoči paradigmi ekonomskih in poslovnih znanosti