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Economics of Ageing in Europe
The overall objective of the research network on the
Economics of Ageing in Europe is to improve our understanding of the
economic decisions of the elderly, in particular with respect to
saving, portfolio choice, retirement, health expenditures, and
intergenerational transfers. Appropriate empirical modelling of
issues relating to the economics of aging needs to recognise that
individuals and households take intertemporal decisions in order to
provide resources for their old age. Understanding the nature of
these decisions, and the way in which these decisions react to
changes in household circumstances, both currently and potentially
in the future, is an important component of policy analysis in this
area.
The project is subdivided into six themes, each aimed
at distinguishing a dimension in which empirical microeconomics can
inform policy analysis at the national and European level. These
are: ageing and household saving; pensions, social security and
labour market behaviour; the relation between health and economic
resources; saving and portfolio decisions; consumption and material
living standards of the elderly; intergenerational transfers and the
role of family transfers and the interaction with state transfers.
The research program in Ecomics of Ageing has been recently
financed by the EU under its RTN Program. CSEF coordinates an international
team, which includes CentER (Tilburg University), Universitą Cą
Foscari (Venezia),
IFS (London),
Universität Mannheim, DELTA-INRA (Paris),
University of Copenaghen and
University of Cyprus. CSEF also coordinates a national network on releted
issues of saving, pensions and portfolio choice including
University of Rome Tor Vergata, University of
Padova and
Bocconi University,
University of Venezia and
Bocconi University.
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