The Effect of Aging Population on Pension Expenditures: A Country Comparative Econometric Analysis

Main Article Content

Zuhal Ayhan

Keywords

Pension Expenditures, Working Age Population, Elderly Population, Per Capita Income, Panel Data Analysis

Abstract

This study aims to reveal the differences in the variables affecting the pension expenditures of selected countries and to determine the variables that cause this difference according to the level of development of the countries. In the study, a panel data set was created by using the World Bank and OECD database as a source and the pension expenditures, working age population, elderly population and per capita income values of the selected countries and econometric analysis was performed. According to the results of the study, it was seen that the independent variables affecting the pension expenditures of South Korea have a positive effect on the working age population and the elderly population, while the per capita income variable has a negative effect. Turkey does not have any independent variable affecting pension expenditures. In the United Kingdom, only the working age population variable has a positive effect on pension expenditures.

Abstract 65 | PDF Downloads 111

References

1. Ahi, E., & Sirzai, H. (2022). The impact of the COVID-19 pandemic on the quality of life of the elderly population. J Surg Med, 289-294.
2. Akyol, Y., Durmuş, D., Doğan, C., Bek, Y., & Cantürk, F. (2010). Quality of Life and Level of Depressive Symptoms in the Geriatric Population. Turk J Rheumatol., 165-173.
3. Günsoy, G., & Tekeli, S. (2015). Nüfusun Yaşlanması ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Analiz. Amme İdaresi Dergisi,, 35-87.
4. Haraldstad, K., Wahl, A., Andenæs, R., Andersen, J., Andersen, M., Beisland, E., & Borge, C. (2019 ). LIVSFORSK network. A systematic review of quality of life research in medicine and health sciences. Qual Life Res. , 2641-2650.
5. Johnson, P. (1996). Grey horizons: Who pays for Old age in the 21st century? Australian Economic Review.
6. OECD. (2023). Emeklilik Harcamaları, Yaşlı nüfus, çalışan nufüs. Retrieved from Population (indicator). doi: 10.1787/d434f82b-en
7. Üstün, N. (2017). Ekonomik Araştırmalar ve Proje Müdürlüğü. Konya: Ekonomik Araştırmalar ve Proje Müdürlüğü.
8. Visco, I. (2001 ). Ageing Populations: Economic Issues And Policy Challenges . OECD.
9. Worldbank. (2023). Kişi başına düşen GSYİH (mevcut ABD $). Retrieved from https://data.worldbank.org/indicator/NY.GDP.PCAP.CD