Population ageing is one of the main challenges that developed countries must face in the following decades.. According to Eurostat projections,by 2050 european population aged 65 years and more will increase more than 25% with respect to 2019 (from 90.5 to 129.8 million). On the other hand, working-age population (20 to 64 years old) is projected to fall by 16% by 2070. As a result, most European countries will have less than two people in working age for each older person. This demographic change has many implications for societies. Public spending on welfare policies as pensions, healthcare, long-term care, education, etc, will be profoundly affected.
SUSTAINWELL addresses the long-term socio-economic impact of population ageing on European society:
Its aims are to identify:
Opportunities arising from longer and healthy life expectancy and from the silver economy.
Resilient responses from individuals and households and from other actors in society facing the challenges posed by ageing.
The impact of aging on inequality.
Gender and lifecycle balanced policies helping the sandwich-generation to sustain baby-boomers entering retirement, without decreasing fertility nor investment in education.
On the microeconomic level, through neuroeconomics, the University team will study how the psychological and neurobiological processes of altruistic decision-making occur. The research aims to corroborate the hypothesis that intra-family altruism is key to social welfare, and it will try to clarify the behavioral and brain basis of altruism, both within and outside the family.
SUSTAINWELL aims to contribute to a resilient Europe and sustainable welfare systems by analysing (both theoretically and empirically) the impacts of an ageing population, with stakeholder involvement throughout the project aiming to:
Examine the main decisions taken along the whole lifecycle that affect people’s socioeconomic status and welfare.
Determine the impact of welfare state transfers along the lifecycle.
Analyse the interaction of welfare state policies with the market and the non-market activities of the private sector.
Funded by the European Commission
Grant Agreement ID: 101095175
→ University of Barcelona (Coordinator)
→ Osterreichisches Institut fur Wirtschaftsforschung verein
→ Autonomous University of Barcelona
→ Univerza v Ljubljani
→ Imperial College London
→ École d'Économie de Paris
→ Oesterreichische Akademie der Wissenschaften
→ Johann Wolfgang Goethe-Universitaet Frankfurt
→ Loyola Andalucía University Foundation
→ University of Essex
→ Central Statistical Office Demographic Research Institute
→ Caixa d'Estalvis i Pensions de Barcelona Bank Foundation
→ Institute for Economic Research