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The Effects Of Ageing On Household Consumption In Central And Eastern Europe

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  • Karol Michnevic

Abstract

Recent shortcomings in consumption-oriented stimulus measures in the EU point to demographic trends as a possible explanation of lacklustre growth. The author studies changes in the age composition of CEE countries over time and their effects on household consumption using a force-fitted polynomial model. A strong negative link is found between the proportion of the population aged 65+ and the level of household consumption. The paper’s findings are expected to help augment current macroeconomic analysis techniques used by researchers and public institutions with a demographic component.

Suggested Citation

  • Karol Michnevic, 2016. "The Effects Of Ageing On Household Consumption In Central And Eastern Europe," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 10(1), pages 273-287.
    • Handle: RePEc:isp:journl:v:10:y:2016:i:1:p:273-287
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    More about this item

    Keywords

    consumption; demographics; economy;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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