Population Aging and Structural Transformation
نویسندگان
چکیده
We quantify the role of population aging in structural transformation process. Household-level data from United States show that fraction expenditures devoted to services increases with household age. use a shift-share decomposition and quantitative model US accounted for about fifth observed increase service share consumption between 1982 2016. The contribution rise is same size as real income growth half large changes relative prices. (JEL D12, E21, E23, J11, J14)
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2022
ISSN: ['1945-7707', '1945-7715']
DOI: https://doi.org/10.1257/mac.20200371