Wittgenstein Centre Conference 2017

AGENTA Final Conference: Economic Consequences of Population Ageing and Intergenerational Equity


National (Time) Transfer Accounts Workshop

Vienna, 20 - 22 November 2017

Venue Conference 20-21 Nov. 2017

Venue N(T)TA Workshop 22 Nov. 2017

Sigmund Freud University
Ceremonial Hall
Freudplatz 1, 1020 Vienna
Campus WU, LC building
Ceremonial Hall 1
Welthandelsplatz 1, 1020 Vienna

The European population is ageing at a rapid pace: the old-age dependency ratio in 28 EU countries will increase from 31 per cent today to 50 per cent by year 2040. Among the institutions most affected by demographic change is the public transfer system, which largely redistributes from the employed population to the retired elderly generation. There are concerns that the increasing share of elderly persons relative to the employed would result in a large burden on the young generations and puts the elderly population at the risk of poverty. Substantial research seeks to understand and quantify the consequences of ageing for public transfers and provide suggestions how to adapt the transfer systems to demographic changes. The guiding principle of the AGENTA project is to explain and forecast public transfers in Europe and provide evidence-based policy proposals to ensure the long-term sustainability of public finances. In the final conference, we shall bring researchers, stakeholders and policy-makers together to discuss the challenges and to develop strategies toward adapting the intergenerational transfer systems to demographic changes.


Monday, 20 November 2017






Conference Opening

Wolfgang Lutz,Director of Wittgenstein Centre for Demography and Global Human Capital

Alexia Fürnkranz-Prskawetz,Director Vienna Institute of Demography, Coordinator of AGENTA



Chair: Alexia Fürnkranz-Prskawetz

Ronald Lee
Macroeconomic Consequences of Population Aging: A Simple Model with NTA Inputs 




Session: NTA/NTTA data
Chair: Bernhard Hammer



Lili Vargha, Gretchen Donehower
The quantity-quality tradeoff: A cross-country comparison of market and nonmarket investments per child in relation to fertility  



Setsuya Fukuda, Itaru Sato, Kazuyuki Terada, Takahiro Toriyabe, Rikiya Matukura and Hidehiko Ichimura

Household production and consumption over the life cycle in Japan: NTA and NTTA summaries by gender from 1999 to 2014  



Coffee Break



Patrick Georges, Marcel Mérette, Julien Navaux
Lifecycle deficit in Canada: A longitudinal assessment  



Hippolyte d’Albis, Ikpidi Badji, Carole Bonnet, Xavier Chojnicki, Najat El Mekkaoui, Angela Greulich, Jérôme Hubert, Julien Navaux, Jacques Pelletan
Who pays for the consumption of young and old?  



Ana Šeme, Lili Vargha, Tanja Istenič, Jože Sambt
Historical aspect of unpaid work in Europe: NTTA results by age and gender  



Poster Session I: Highlights of 6 posters (2 min per poster)

Chair: Alexia Fürnkranz-Prskawetz

-        Leen De Kort
Caring for carers: A comparative study of the association between parents’ care needs and their daughter’s mental health in the different European welfare states  

-        Persida Cica Tofoska Apostolova, Tanja Istenič, Jože Sambt
The economic behaviour of immigrants versus natives over the life cycle       

-        Allison Geerts, Dimitri Mortelmans, Marina Zannella
Pathways into care: The family and work careers of informal caregivers  

-        Tanja Istenič, Elisenda Rentería, Jože Sambt, Guadalupe Souto
What is the contribution of the educational expansion on the demographic dividend in Europe?       

-        Sahanogullari Nazli
Incorporating gender and time use into NTA Turkey  

-        Sonja Spitzer, Bernhard Hammer
Economic wellbeing in later life: A European comparison       


Time to discuss with the 6 poster presenters during lunch


Session: Public revenues and expenditures in a demographic context (part I)
Chair: Kirk Scott


Markus Knell
Outline of a sustainable and fair pension system  


Agnieszka Chlon-Dominczak, Anita Abramowska-Kmon, Irena E. Kotowska, Wojciech Latkowski
Welfare state and the inter-generational redistribution of public consumption and public transfers in the EU countries  


Tanja Istenič, Lili Vargha, Jože Sambt
Is there a relation between welfare and inter-age reallocation regimes?  


Meritxell Solé
Redistributive effects of public education and pensions over the life cycle  


Coffee Break


Session: Public revenues and expenditures in a demographic context (part II)
Chair: Tommy Bengtsson


Oliwia Komada, Krzysztof Makarski, Joanna Tyrowicz
Welfare effects of fiscal policy in reforming the pension system  


Miguel Sánchez-Romero,Gemma Abio, Alexia Fürnkranz-Prskawetz, Gustav Öberg, Concepció Patxot, Jože Sambt, Meritxell Solé Juvés, Guadalupe Souto, Lili Vargha
The sustainability of the welfare state: A historical cohort analysis  


Krzysztof Makarski, Joanna Tyrowicz
Political (in)stability of social security reform  


End of presentations of day one


Evening reception at the Wiener Rathauskeller


Tuesday, 21 November 2017


Session: Intergenerational redistribution of resources
Chair: Alexia Fürnkranz-Prskawetz


Robert I. Gal, Pieter Vanhuysse, Lili Vargha
Pro-elderly welfare states within child-oriented societies   


David McCarthy, James Sefton, Ronald Lee, JožeSambt
Generational wealth accounts  


Denys Dukhovnov, Emilio Zagheni, Joan Ryan
Transfers of care time in the United States: The role of cultural and demographic differentials on intergenerational flows by age and sex   


Gianko Michailidis, ConcepcióPatxot
Political economy of the intergenerational exchange: An empirical application   


Coffee Break


Session: Measures and indicators for intergenerational transfers: Sustainability and fairness
Chair: Robert I. Gál


Giorgos Papadomichelakis, Concepció Patxot, Elisenda Rentería, Meritxell Solé, Guadalupe Souto
The unequal impact of the crisis by age: An analysis based on National Transfer Accounts   


Bernhard Hammer, Alexia Fürnkranz-Prskawetz, Lili Vargha, Tanja Istenič, Robert I. Gál
Underinvestment in human capital across Europe and its consequences for the sustainability of public transfers   


Marina Zannella, Alessandra De Rose
Paid work, Home Production and Leisure in Times of Recession: Evidence from Italy  


Edward Palmer, Yuwei Zhao de Gosson de Varennes
The Importance of Unbiased Estimation of Life Expectancy and Heterogeneity in Life expectancy for Financial Stability and Fair Outcomes in DC Pension Schemes  


Poster Session II: Highlights of 6 posters (2 min per poster)

Chair: Alexia Fürnkranz-Prskawetz

-          Montserrat Botey, Guillaume Chapelle
Non taxation of imputed rent: A gift to scrooge?         

-          Daniela Hochfellner, Mary Hamman, Pia Homrighausen
Mom and dad we’re broke, can you help?: A comparative study of financial transfers within families before and after the Great Recession         

-          Julian Schmied, Christian Dudel
How much retirement income is needed to maintain the living standard         

-          Johannes Klotz, Tobias Göllner
Comparative European figures on socio-economic differences in mortality based on harmonized sample data

-          Naomi Biegel, Julie Maes Karel Neels
Changing educational attainment in the Belgian population: A multistate cohort-component projection

-          Agnieszka Chlon-Dominczak, Pawel Strzelecki, Wojciech Latkowski
Pension reforms or consequences of the economic crisis? Measuring the changes of pension incomes in Selected EU countries using APC approach         



Time to discuss with the 6 poster presenters


Session: Labour force participation and retirement (part I)
Chair: Concepció Patxot


Haodong Qi, Tommy Bengtsson
Human capital development and working life prolongation   


Gerard J. van den Berg, Pia Homrighausen, Gesine Stephan
Targeted wage support for older unemployed workers: An evaluation combining survey and register data from a randomized controlled field experiment


Coffee Break


Session: Labour force participation and retirement (part II)
Chair: Agnieszka Chlon-Dominczak

16:10Daniel Kemptner, Peter Haan, Holger Lüthen
The increasing longevity gap by lifetime earnings and its distributional implications  


Bénédicte H. Apouey, Cahit Guven, Claudia Senik
Retirement and unexpected health shocks   


Roman Raab
Retirement and informal care-giving: Behavioral patterns among older workers  


End of day two

National (Time) Transfer Accounts Workshop

Wednesday, 22 November 2017

09:00Welcoming remarks
09:05Bernhard Hammer
European National Transfer Accounts (NTA) and the European System of National Accounts  
09:45Tanja Istenič
The NTA age-patterns of production, transfers, consumption and saving  


Coffee Break


Lili Vargha

National Time Transfer Accounts (NTTA): Household satellite accounts by age and gender  


Bernhard Hammer, Jože Sambt, Miguel Sánchez-Romero,  Lili Vargha 
The AGENTA data explorer and selected applications of NTA and NTTA 


Lunch Break


Tanja Istenič, Bernhard Hammer,  Lili Vargha  
A close look behind the curtain: Details and potential difficulties with NTA and NTTA

14:45Measuring population ageing
Chair: Róbert Iván Gál

Contributions by Hippolyte d’Albis,  Alexia Fürnkranz-Prskawetz,  Róbert Iván Gál,  Bernhard Hammer  

Open discussion




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This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 613247.

online Registration

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Please contact

to check possibilities for last minute registration!