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Full-Text Articles in Demography, Population, and Ecology
Life Cycle Surplus And Life Cycle Deficit Of Immigrants Versus Natives, Persida Cica Tofoska Apostolova, Tanja Istenič, Jože Sambt
Life Cycle Surplus And Life Cycle Deficit Of Immigrants Versus Natives, Persida Cica Tofoska Apostolova, Tanja Istenič, Jože Sambt
Economic and Business Review
Recently, immigration and its socio-economic aspects have been in the centre of the European Union leaders’ agenda. In this paper, we apply the National Transfer Accounts (NTA) methodology to calculate the complete set of NTA results for immigrants and natives in five EU countries. We find that due to the lower labour income, which cannot be offset by the lower consumption, immigrants experience a shorter independence period and a much lower aggregate life cycle surplus than natives. The identified cross country differences between immigrants and natives could be used as a proxy of the achieved level of integration of immigrants.
The European National Transfer Accounts: Data And Applications, Jože Sambt, Bernhard Hammer, Tanja Istenič
The European National Transfer Accounts: Data And Applications, Jože Sambt, Bernhard Hammer, Tanja Istenič
Economic and Business Review
Population ageing exerts considerable pressure on the funding of public transfers. It is of utmost importance to understand how the transfer system can adapt to population ageing. Using National Transfer Accounts, we illustrate the different organisation of transfer systems across Europe. Countries like Greece and Romania, where labour income already falls short of consumption at age 54, would greatly improve their public system sustainability by following the Swedish example where this happens ten years later. High consumption at older ages is less problematic when financed substantially through savings (the UK) rather than almost exclusively through transfers (Austria).