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DTSTART:20260505T130000
DTEND:20260505T140000
DTSTAMP:20260423T205100
SUMMARY:DEM Research Seminar with Maria Krelifa (University of Luxembourg)
DESCRIPTION:Population Ageing, Economic Growth and the Composition of Government Expenditure\n\nAbstract\n\nThis paper investigates how population ageing affects economic growth by altering the composition of government expenditure.\n\nWe develop and test an original political economy model in which an aging population shifts the preferences of the median voter, leading to increased elderly spending at the expense of private investment, thus reducing growth.\n\nThe model yields three predictions: population ageing (i) raises elderly spending (as a share of output); (ii) does not affect productive expenditure (as a share of output); and (iii) lowers economic growth.Using data from the Organisation for Economic Co-operation and Development covering the period 2007–2018 and both Ordinary Least Squares and Instrumental Variables regression analyses, we find strong support for prediction (i): population ageing significantly increases spending on “old age” and “hospital services.”\n\nConsistent with (ii), there is no significant impact on “tertiary education,” “transport,” “communication,” or Research and Development (“R&D”).\n\nFinally, using a Generalised Method of Moments estimation approach with a broader sample of 178 countries, we confirm prediction (iii): healthcare expenditure negatively affects growth.\n\nAbout the speaker\n\nDr. Maria KRELIFA\n\nFDEF\n\nPostdoctoral researcher\n\nLearn more\n\nLanguage\n\nEnglish\n\nThis is a free seminar. Registration is mandatory.\n\nLocation: https://www.uni.lu/en/about/campuses/weicker-building/\nRead more: https://www.uni.lu/fdef-en/events/dem-research-seminar-with-maria-krelifa-dem-university-of-luxembourg/
UID:UL-24388
LOCATION:Weicker Building 4 rue Alphonse Weicker 2721 Luxembourg Luxembourg
URL:https://www.uni.lu/fdef-en/events/dem-research-seminar-with-maria-krelifa-dem-university-of-luxembourg/
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