Economic Impacts of Ageing: An Interindustry Approach
AbstractPurpose - The purpose of this paper is to quantify the impact of the evolution of consumption patterns associated with ageing on the relative importance of industries in Portugal. Design/Methodology/Approach - This paper uses data from the Family Spending Survey to disaggregate the Household column of the Portuguese Input-Output Table in different age groups, projecting their consumption, using the latest demographic projections made by Statistics Portugal (INE). Findings - The study identifies the industries that are likely to be stimulated by the ageing of the Portuguese populations, as well as the industries that will most likely become disadvantaged by the process. Social implications - The task of identification of growing and declining industries due to ageing is important to help the design of employment, environmental, and social policies. Original/Value - The contemporary demographic trends in western societies have added to the importance of studying the economic and social consequences of ageing. Previously, the main issues have been the labour market effects, the sustainability of social security systems, and long-term care. In this paper, we address a different research topic, quantifying the sectoral impact of the evolution of consumption patterns associated with ageing.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2010/01.
Date of creation: Jan 2010
Date of revision:
Contact details of provider:
Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC
Ageing; Input-output; Consumption behaviour.;
Other versions of this item:
- Paula C. Albuquerque & João C. Lopes, 2010. "Economic impacts of ageing: an inter-industry approach," International Journal of Social Economics, Emerald Group Publishing, vol. 37(12), pages 970-986, October.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tim Dowd & Ralph Monaco & Jeffry Janoska, 1998. "Effects of Future Demographic Changes on the US Economy: Evidence from a Long-term Simulation Model," Economic Systems Research, Taylor & Francis Journals, vol. 10(3), pages 239-262.
- Martins, Pedro S. & Novo, Alvaro A. & Portugal, Pedro, 2009. "Increasing the Legal Retirement Age: The Impact on Wages, Worker Flows and Firm Performance," IZA Discussion Papers 4187, Institute for the Study of Labor (IZA).
- Fertig, Michael & Schmidt, Christoph M., 2003.
"Gerontocracy in Motion? European Cross-Country Evidence on the Labor Market Consequences of Population Ageing,"
IZA Discussion Papers
956, Institute for the Study of Labor (IZA).
- Michael Fertig & Christoph M. Schmidt, 2004. "Gerontocracy in Motion? – European Cross-Country Evidence on the Labor Market Consequences of Population Ageing," RWI Discussion Papers 0008, Rheinisch-Westfälisches Institut für Wirtschaftsforschung.
- Miles, David, 1999.
"Modelling the Impact of Demographic Change upon the Economy,"
Royal Economic Society, vol. 109(452), pages 1-36, January.
- Miles, David K, 1997. "Modelling the Impact of Demographic Change Upon the Economy," CEPR Discussion Papers 1762, C.E.P.R. Discussion Papers.
- Kronenberg, Tobias, 2009. "The impact of demographic change on energy use and greenhouse gas emissions in Germany," Ecological Economics, Elsevier, vol. 68(10), pages 2637-2645, August.
- William Poole & David C. Wheelock, 2005. "The real population problem: too few working, too many retired," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 4-9.
- David N. Weil, 2006.
NBER Working Papers
12147, National Bureau of Economic Research, Inc.
- J.H.L. Dewhurst, 2006. "Estimating The Effect Of Projected Household Composition Change On Production In Scotland," Dundee Discussion Papers in Economics 186, Economic Studies, University of Dundee.
- Frank T. Denton & Dean C. Mountain & Byron G. Spencer, 2002.
"Age, Retirement and Expenditure Patterns: An Econometric Study of Older Canadian Households,"
Quantitative Studies in Economics and Population Research Reports
375, McMaster University.
- Frank T. Denton & Dean C. Mountain & Byron G. Spencer, 2002. "Age, Retirement and Expenditure Patterns: An Econometric Study of Older Canadian Households," Social and Economic Dimensions of an Aging Population Research Papers 82, McMaster University.
- Axel Börsch-Supan, 2003. "Labor Market Effects of Population Aging," LABOUR, CEIS, vol. 17(SpecialIs), pages 5-44, 08.
- Frank T. Denton & Byron G. Spencer, 1999.
"Population Aging and Its Economic Costs: A Survey of the Issues and Evidence,"
Social and Economic Dimensions of an Aging Population Research Papers
1, McMaster University.
- Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Economic Costs: A Survey of the Issues and Evidence," Quantitative Studies in Economics and Population Research Reports 340, McMaster University.
- Fougere, Maxime & Mercenier, Jean & Merette, Marcel, 2007. "A sectoral and occupational analysis of population ageing in Canada using a dynamic CGE overlapping generations model," Economic Modelling, Elsevier, vol. 24(4), pages 690-711, July.
- João Carlos Lopes & Paula Cristina Albuquerque, 2012. "The characteristics and regional distribution of older workers in Portugal," Working Papers Department of Economics 2012/22, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vitor Escaria).
If references are entirely missing, you can add them using this form.