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Does aging influence structural change? Evidence from panel data

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  • Siliverstovs, Boriss
  • Kholodilin, Konstantin A.
  • Thiessen, Ulrich

Abstract

Our study represents a first attempt to single out the effects of aging on the entire structure of the economy that is approximated by employment shares in different sectors. We find that even after controlling for the effects of other relevant factors - e.g., income per capita, share of trade in GDP, government consumption share in GDP, population size - aging does have a statistically significant differentiated impact on the employment shares. In particular, we find that an increase in aging exerts a statistically significant adverse effect on the employment shares in agriculture, manufacturing, construction, and mining and quarrying industries. At the same time, an increasing share of the elderly (decreasing share of the youth) in society positively affects employment shares in community, social, and personal services as well as in the financial sector.

Suggested Citation

  • Siliverstovs, Boriss & Kholodilin, Konstantin A. & Thiessen, Ulrich, 2011. "Does aging influence structural change? Evidence from panel data," Economic Systems, Elsevier, vol. 35(2), pages 244-260, June.
  • Handle: RePEc:eee:ecosys:v:35:y:2011:i:2:p:244-260
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    References listed on IDEAS

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    Cited by:

    1. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2013. "Do small labor market entry cohorts reduce unemployment?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 29(15), pages 379-406, September.
    2. Shekhar Aiyar & Christian H Ebeke, 2016. "The Impact of Workforce Aging on European Productivity," IMF Working Papers 16/238, International Monetary Fund.
    3. Mollick, André Varella, 2012. "Income inequality in the U.S.: The Kuznets hypothesis revisited," Economic Systems, Elsevier, vol. 36(1), pages 127-144.
    4. repec:sek:jijoes:v:6:y:2017:i:2:p:82-99 is not listed on IDEAS

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