The effects of international migration on the pension systems in Europe
Ageing of populations in Europe is a well-known and ever-increasing process, so the pressure on pension systems becomes more and more acute in some European countries. International migration contributes to population dynamics in both origin and destination countries, easing or aggravating demograph...
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Centre for Economic and Regional Studies Eötvös Lóránd Research Network
2017
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Online Access: | https://doi.org/10.17649/TET.31.4.2890 https://doaj.org/article/310718b6a2be47c084d2cc14ddfa9bee |
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ftdoajarticles:oai:doaj.org/article:310718b6a2be47c084d2cc14ddfa9bee 2023-05-15T16:52:52+02:00 The effects of international migration on the pension systems in Europe Marinescu Daniela Elena Manafi Ioana Kiss Dorottya Dabasi-Halász Zsuzsanna Lipták Katalin 2017-11-01T00:00:00Z https://doi.org/10.17649/TET.31.4.2890 https://doaj.org/article/310718b6a2be47c084d2cc14ddfa9bee EN HU eng hun Centre for Economic and Regional Studies Eötvös Lóránd Research Network https://tet.rkk.hu/index.php/TeT/article/view/2890 https://doaj.org/toc/0237-7683 https://doaj.org/toc/2062-9923 doi:10.17649/TET.31.4.2890 0237-7683 2062-9923 https://doaj.org/article/310718b6a2be47c084d2cc14ddfa9bee Tér és Társadalom, Vol 31, Iss 4 (2017) youth migration pension systems panel analysis History (General) and history of Europe D Economic history and conditions HC10-1085 Economic growth development planning HD72-88 Sociology (General) HM401-1281 International relations JZ2-6530 article 2017 ftdoajarticles https://doi.org/10.17649/TET.31.4.2890 2022-12-30T23:13:59Z Ageing of populations in Europe is a well-known and ever-increasing process, so the pressure on pension systems becomes more and more acute in some European countries. International migration contributes to population dynamics in both origin and destination countries, easing or aggravating demographic problems. It is well known that in Europe the increase in migration flows is not enough to compensate for the population-ageing process and its negative consequences. Based on a data set of macroeconomic indicators for all EU member states and using panel data analysis, this article discusses the effects of some socio-economic indicators on the pension systems in selected European countries, the focus being on international migration. The current analysis is a follow-up on a previous approach that clusters the EU countries with respect to migration flows into EU/EFTA periphery-sending and centre-receiving countries. The central hypothesis in the paper is that the pension systems are affected by international migration (measured as the crude rate of net migration) and that a high level of emigration leads to a higher pressure on the pension system. The hypothesis was tested using panel data analysis for the period 2004–2013. The analysis was conducted for both the total sample and the two clusters (EU/EFTA centre-receiving countries and EU/EFTA periphery-sending countries), excluding Switzerland, Cyprus, and Iceland. The following indicators were selected for the state, society and economy sectors as they are the most relevant: average wage, adult education level, Gini Index, Human Development Index, urban population, median age, expenditure on pensions. The results showed that a higher ratio of immigrants leads to a decreased pressure on pension expenditure in centre-receiving countries, while for the periphery-sending countries, a great part of the emigrants consists of working people who leave their home countries and stop contributing to the pension system. The adult education level was found to have a similar ... Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles Tér és Társadalom 31 4 27 52 |
institution |
Open Polar |
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Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English Hungarian |
topic |
youth migration pension systems panel analysis History (General) and history of Europe D Economic history and conditions HC10-1085 Economic growth development planning HD72-88 Sociology (General) HM401-1281 International relations JZ2-6530 |
spellingShingle |
youth migration pension systems panel analysis History (General) and history of Europe D Economic history and conditions HC10-1085 Economic growth development planning HD72-88 Sociology (General) HM401-1281 International relations JZ2-6530 Marinescu Daniela Elena Manafi Ioana Kiss Dorottya Dabasi-Halász Zsuzsanna Lipták Katalin The effects of international migration on the pension systems in Europe |
topic_facet |
youth migration pension systems panel analysis History (General) and history of Europe D Economic history and conditions HC10-1085 Economic growth development planning HD72-88 Sociology (General) HM401-1281 International relations JZ2-6530 |
description |
Ageing of populations in Europe is a well-known and ever-increasing process, so the pressure on pension systems becomes more and more acute in some European countries. International migration contributes to population dynamics in both origin and destination countries, easing or aggravating demographic problems. It is well known that in Europe the increase in migration flows is not enough to compensate for the population-ageing process and its negative consequences. Based on a data set of macroeconomic indicators for all EU member states and using panel data analysis, this article discusses the effects of some socio-economic indicators on the pension systems in selected European countries, the focus being on international migration. The current analysis is a follow-up on a previous approach that clusters the EU countries with respect to migration flows into EU/EFTA periphery-sending and centre-receiving countries. The central hypothesis in the paper is that the pension systems are affected by international migration (measured as the crude rate of net migration) and that a high level of emigration leads to a higher pressure on the pension system. The hypothesis was tested using panel data analysis for the period 2004–2013. The analysis was conducted for both the total sample and the two clusters (EU/EFTA centre-receiving countries and EU/EFTA periphery-sending countries), excluding Switzerland, Cyprus, and Iceland. The following indicators were selected for the state, society and economy sectors as they are the most relevant: average wage, adult education level, Gini Index, Human Development Index, urban population, median age, expenditure on pensions. The results showed that a higher ratio of immigrants leads to a decreased pressure on pension expenditure in centre-receiving countries, while for the periphery-sending countries, a great part of the emigrants consists of working people who leave their home countries and stop contributing to the pension system. The adult education level was found to have a similar ... |
format |
Article in Journal/Newspaper |
author |
Marinescu Daniela Elena Manafi Ioana Kiss Dorottya Dabasi-Halász Zsuzsanna Lipták Katalin |
author_facet |
Marinescu Daniela Elena Manafi Ioana Kiss Dorottya Dabasi-Halász Zsuzsanna Lipták Katalin |
author_sort |
Marinescu Daniela Elena |
title |
The effects of international migration on the pension systems in Europe |
title_short |
The effects of international migration on the pension systems in Europe |
title_full |
The effects of international migration on the pension systems in Europe |
title_fullStr |
The effects of international migration on the pension systems in Europe |
title_full_unstemmed |
The effects of international migration on the pension systems in Europe |
title_sort |
effects of international migration on the pension systems in europe |
publisher |
Centre for Economic and Regional Studies Eötvös Lóránd Research Network |
publishDate |
2017 |
url |
https://doi.org/10.17649/TET.31.4.2890 https://doaj.org/article/310718b6a2be47c084d2cc14ddfa9bee |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Tér és Társadalom, Vol 31, Iss 4 (2017) |
op_relation |
https://tet.rkk.hu/index.php/TeT/article/view/2890 https://doaj.org/toc/0237-7683 https://doaj.org/toc/2062-9923 doi:10.17649/TET.31.4.2890 0237-7683 2062-9923 https://doaj.org/article/310718b6a2be47c084d2cc14ddfa9bee |
op_doi |
https://doi.org/10.17649/TET.31.4.2890 |
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Tér és Társadalom |
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31 |
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4 |
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27 |
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52 |
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