G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14026
DP14026 Population aging and structural transformation
Javier Cravino; Andrei Levchenko; Marco Rojas
发表日期2019-09-25
出版年2019
语种英语
摘要We quantify the role of population aging in the structural transformation process. Household-level data from the U.S. show that the fraction of expenditures devoted to services increases with household age. We use a shift-share decomposition and a quantitative model to show that U.S. population aging accounted for about a fifth of the observed increase in the service share in consumption between 1982 and 2016. The contribution of population aging to the rise in the service share is about the same size as the contribution of real income growth, and about half as large as that of changes in relative prices.
主题International Macroeconomics and Finance ; Macroeconomics and Growth
关键词Aging Structural transformation Deindustrialization
URLhttps://cepr.org/publications/dp14026-1
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542913
推荐引用方式
GB/T 7714
Javier Cravino,Andrei Levchenko,Marco Rojas. DP14026 Population aging and structural transformation. 2019.
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