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Consumption- and Productivity-Adjusted Dependency Ratio with Household Structure Heterogeneity

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  • Xuehui Han
  • Yuan Cheng

Abstract

This study constructs a new dependency ratio measure by taking into account the consumption needs of the young and elderly people, and the productivity of middle-aged people. Different from the way that Cutler et al. (1990) and Weil (1999) constructed the relative needs by using the average consumptions of each age cohort of people, it estimates the factor of relative needs of people at different ages based on a regression model, which embraces the household age compositions and size in the assessment. The analysis uses household survey data from five developing countries in Asia— Bangladesh, Cambodia, the People’s Republic of China (PRC), Thailand, and Viet Nam.

Suggested Citation

  • Xuehui Han & Yuan Cheng, 2017. "Consumption- and Productivity-Adjusted Dependency Ratio with Household Structure Heterogeneity," Working Papers id:12339, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12339
    Note: Institutional Papers
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    1. Kniesner Thomas J & Viscusi W. Kip & Ziliak James P, 2006. "Life-Cycle Consumption and the Age-Adjusted Value of Life," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-36, January.
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    3. Solveig Erlandsen & Ragnar Nymoen, 2008. "Consumption and population age structure," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(3), pages 505-520, July.
    4. Han, Xuehui, 2010. "Housing demand in Shanghai: A discrete choice approach," China Economic Review, Elsevier, vol. 21(2), pages 355-376, June.
    5. Alexia Prskawetz & Jože Sambt, 2014. "Economic support ratios and the demographic dividend in Europe," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 30(34), pages 963-1010.
    6. Rob Alessie & Joppe Ree, 2009. "Explaining The Hump In Life Cycle Consumption profiles," De Economist, Springer, vol. 157(1), pages 107-120, March.
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    More about this item

    Keywords

    consumption- and productivity-adjusted dependency ratio; coresidence; household structure; economic growth; household consumption; aging; Asia— Bangladesh; Cambodia; the People’s Republic of China (PRC); Thailand; and Viet Nam;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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