| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14026 |
| 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 | Abstract We propose and quantify a novel mechanism behind the structural transformation process: older individuals devote a larger share of their expenditures to services, so the relative size of the service sector grows as the population ages. In a large sample of countries, we document that increases in population age are accompanied by the rise in the relative size of the service sector. In household-level data from the U.S. Consumer Expenditure Survey, the fraction of expenditures devoted to services increases with household age. We use a shift-share decomposition and a quantitative model to show that changes in the U.S. population age distribution accounted for about a fifth of the observed increase in the share of services in consumption expenditures 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 |
| URL | https://cepr.org/publications/dp14026-0 |
| 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/542914 |
| 推荐引用方式 GB/T 7714 | Javier Cravino,Andrei Levchenko,Marco Rojas. DP14026 Population aging and structural transformation. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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