Tailoring social welfare and energy transition for an aging population

IF 4 3区经济学 Q1 ECONOMICS Economic Change and Restructuring Pub Date : 2024-03-05 DOI:10.1007/s10644-024-09634-9

Li’ao Song, Cheng Jin

引用次数: 0

Abstract

This study employs OECD panel data from 2005 to 2021 and utilizes the CS-ARDL (Cross-sectionally Augmented Autoregressive Distributed Lag) method to reveal a notable positive correlation between the Human Development Index (HDI) and pension income levels. A 1% increase in HDI corresponds to approximately 0.6% and 0.7% increases in short- and long-term pension income. Additionally, green energy deployment positively influences pensions, with a 1% increase leading to about 0.09% and 0.17% increases in the short and long term, respectively. Economic size (GDP) demonstrates a robust positive relationship, and ICT development significantly impacts pension income levels. Policymakers are advised to prioritize local green power generation, sustainable pension funds, and green loans to enhance the welfare of aging populations in OECD countries.

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为老龄化人口定制社会福利和能源转型

本研究采用 2005 年至 2021 年的经合组织面板数据，并利用 CS-ARDL（横截面增强自回归分布滞后）方法揭示了人类发展指数（HDI）与养老金收入水平之间显著的正相关关系。人类发展指数每增加 1%，短期和长期养老金收入就会分别增加约 0.6% 和 0.7%。此外，绿色能源的使用也对养老金产生积极影响，每增加 1%，短期和长期养老金收入分别增加约 0.09% 和 0.17%。经济规模（GDP）显示出稳健的正向关系，信息和通信技术的发展对养老金收入水平有显著影响。建议政策制定者优先考虑地方绿色发电、可持续养老基金和绿色贷款，以提高经合组织国家老龄人口的福利。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Change and Restructuring ECONOMICS-

CiteScore

4.80

自引率

6.50%

发文量

期刊介绍： Economic Change and Restructuring has been accepted for SSCI and will get its first Impact Factor in 2020!Since the early 1990s fundamental changes in the world economy, under the auspices of increasing globalisation, have taken place On one hand, the disappearance of the centrally planned economies and the progressive formation of market-oriented economies, have brought about countless systematic changes, where new economic structures, institutions, competences and skills involve complex processes, changes which are still underway and which necessitate adaptation and restructuring to form competitive market economies. On the other hand, many developing economies are making great strides as regards economic reform and liberalisation, and are emerging as new global players. They show an innovative capacity to position themselves in the global economy and to compete with industrialised countries, which are generally believed to be witnessing the rapid erosion of their established positions. These developments are accompanied by the exacerbation of the world competition. Both processes involve transition and the emerging economies, in searching for a new role and scope for public policies and for a new balance between public and private partnership, seem to currently be converging, especially with respect to the policies needed to create appropriate and effective market institutions and integrated reform policies, and to increase the standards of the population''s education levels. Thus, liberalisation and development policies, in attempting to strike a difficult balance between social and environmental needs, must be integrated more coherently. This complexity calls for new analytical and empirical approaches that can explain these new phenomena, which often go beyond the over-simplified facts and conventional ''wisdom'' that emerged at the start of the transition in the early 1990s. Economic Change and Restructuring (formerly ''Economics of Planning''), by keeping abreast of developments affecting both transitional and emerging economies, is aimed to attract original empirical and policy analysis contributions that are focused on various issues, including macroeconomic analysis, fiscal issues, finance and banking, industrial and trade development, and regional and local development issues. The journal aspires to publish cutting edge research and to serve as a forum for economists and policymakers working in these fields.Officially cited as: Econ Change Restruct