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In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …
Persistent link: https://www.econbiz.de/10012143636
In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …
Persistent link: https://www.econbiz.de/10010284297
In this paper the e ects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure e ects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …
Persistent link: https://www.econbiz.de/10005292518
In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …
Persistent link: https://www.econbiz.de/10005198060
Persistent link: https://www.econbiz.de/10011616751
Persistent link: https://www.econbiz.de/10011996898
Persistent link: https://www.econbiz.de/10013363768
Persistent link: https://www.econbiz.de/10015334721
In this paper the effects of a changing age distribution on aggregate consumption are analysed. This is done by … estimating a Norwegian consumption function which controls for age structure effects. The model is estimated on quarterly time … series data from 1968(3) to 1998(4). The results show that changes in the age composition affect aggregate consumption …
Persistent link: https://www.econbiz.de/10012143604
In this chapter, William Scarth examines the relationship between population aging, productivity and growth in living standards and reaches a more optimistic conclusion about the effects of aging on productivity. Indeed, he finding that aging may in fact lead to increases in productivity, even...
Persistent link: https://www.econbiz.de/10005650209