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The Impact of Population Ageing and Social Stratification: The Case of Latvia

Author

Listed:
  • R. Rupeika-Apoga
  • I. Romanova
  • L. Bule
  • Y.E. Thalassinos

Abstract

Population ageing and social stratification is widely assumed to have detrimental effects on the economy yet there is little empirical evidence about the magnitude of its effects. The aim of this article is to investigate the relationships between population ageing and social stratification and the state of economy of a small and post-transition economy. We are looking for these relationships and their strength of influence; at what time after shocking these variables reach their original levels. We apply standard Granger (non-) causality tests, VAR (Vector Auto-Regressive), IRF (Impulse Response Function) and the prediction error variance analysis by using quarterly data from 2000 to 2018. Research results show that the changes in the level of GDP per capita and the number of pensions paid imply changes in the number of retired persons. The research results have important contribute to policy debates about the impact of population ageing and social stratification on the state of economy in small and post-transition economy.

Suggested Citation

  • R. Rupeika-Apoga & I. Romanova & L. Bule & Y.E. Thalassinos, 2019. "The Impact of Population Ageing and Social Stratification: The Case of Latvia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 49-63.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:1:p:49-63
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    References listed on IDEAS

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    3. Petrovskaya N.E. & Kutsegreeva L.V. & Maksaev A.A. & Raevich I.A., 2019. "Socio-economic Consequences and Prospective Opportunities of the International Labour Migration as a Process of the Global Labour Market Development," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 203-210.
    4. Akira Shimada, 2019. "Should the Government Promote Global Education?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 323-341.
    5. Nivorozhkina L.I. & Abazieva K.G. & Dolbina S.V., 2019. "Impact of Contemporary Pension Reforms on Households’ Welfare," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 258-269.
    6. Jesus Lopez-Rodriguez & Cosmin-Gabriel Bolea & Paulino Montes-Solla, 2019. "Sorting Skills by Location in Romania," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 3-27.
    7. Kozin & M.N. & Rodionov & A.V. & Gruzdeva & L.M. & Harlamova & J.A., 2019. "Production Projects under Public-Private Partnership in the Sphere of Economic Security of the Penitentiary System: Issues of Financial, Personnel and Operational Management," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 252-260.
    8. I.P. Denisova & K.N. Samoylova & V.Y. Shirshov & M.Z. Myzaev, 2019. "The Digitalization Features of the Russian Social Media Market Insurance Service," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 167-175.
    9. Petrovskaya N.E., 2019. "The Position and Tasks of International Organizations in the Labor Migration Management," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 317-324.

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