NBB Estimates of the Impact of Policy Scenarios on Pension Spending (Deviation from baseline, in percent of GDP) 1/
| by 2030 | by 2050 | by 2070 | |
|---|---|---|---|
| Coverage ratio towards euro area average | -1.1 | -0.6 | -0.5 |
| Average pension towards euro area average | -0.3 | -2.0 | -2.1 |
| Employment rate increases to 80 percent | -1.4 | -1.6 | -1.7 |
| Higher productivity by 0.2 percentage point | -0.1 | -0.7 | -1.2 |
| by 2030 | by 2050 | by 2070 | |
|---|---|---|---|
| Coverage ratio towards euro area average | -1.1 | -0.6 | -0.5 |
| Average pension towards euro area average | -0.3 | -2.0 | -2.1 |
| Employment rate increases to 80 percent | -1.4 | -1.6 | -1.7 |
| Higher productivity by 0.2 percentage point | -0.1 | -0.7 | -1.2 |
1/ Baseline scenario of the 2021 Ageing Report (EC, 2021).
Source: Deroose et al. (2023).
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