What question did this study set out to answer?

The aim is to analyze how changes in fertility rates affect public finances through intergenerational dependencies.

Demographics and the Welfare State—From One Crisis to the Next?

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Quantitative analysis examines the relationship between fertility rates and public finances, highlighting country-specific effects.

The aim is to analyze how changes in fertility rates affect public finances through intergenerational dependencies.
Quantitative analysis of demographics and public finances in Denmark.
Examination of age dependencies related to expenditures on young and old populations.
Study of the intergenerational compact and its influence on fiscal outcomes.
Lower fertility rates lead to improved fiscal sustainability in Denmark.
Youth dependency decreases initially, followed by an increase in old-age dependency over time.
Long-term budget effects are generally ambiguous and vary by country.

Torben M. Andersen (2026) studied this question.

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