Webinar Schedule 2023

The Macroeconomics of Aging Populations


Thursday, July 13, 2023 at 14:00-15:30 Vienna time (CEST) 


Prof. Dr. h.c. Axel Börsch-Supan, Ph.D., Director of the Munich Research Institute for the Economics of Aging and SHARE Analyses (MEA) 

Prof. Dr. Robert Holzmann, Governor, Oesterreichische Nationalbank (OeNB)

Herve Joly, Director, Joint Vienna Institute


Population aging is not only a challenge for the social security systems, especially pensions, but also for the economy as a whole. Some claim that productivity growth will decline in an aging population, even though the evidence is unclear. Even more controversial is whether aging causes deflation or inflation. Finally, digitization may change our outlook on aging. While some think that the combination of demographic change, climate change, and digitization is the perfect storm for the world economy, others argue that their concomitance brings opportunities, at least to some extent. Population decline, like the one observed in many countries in Central, Eastern, and Southeastern Europe (CESEE), adds another layer of complexity to the macroeconomics of aging populations. For instance, population shrinking aggravates the aging-induced shortage of labor, while its impact on the total dependency burden is less clear, unlike that of aging. 

Professor Börsch-Supan will address all these issues in his talk. He will illustrate the different challenges faced by countries with only aging populations (like many emerging economies) and those with aging and shrinking populations (like many CESEE countries, and soon Germany). He will also discuss the role of public policies in addressing those challenges. Governor Holzmann, also an expert on this issue, will share his views on the topic.


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Course Details

Start: 20230713Jul 13
End: 20230713Jul 13

Language: English

Sponsoring Organization: JVI

Admin Arrangements

Application Deadline: July 13, 2023

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