Ageing and expenditure of Italian households

Vincenzo Mariani ()
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Vincenzo Mariani: Bank of Italy

No 638, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This work proposes a reconstruction of survey data that makes it possible to analyse the mechanical effect of ageing on the consumption of Italian households. Ageing has limited the increase in the propensity to spend recorded in the period between 2005 and 2017, and it has had a negative - but small - impact on the dynamics of average, per capita and equivalized household expenditure. The decline in household expenditure in the period considered is almost entirely attributable to the reduction of consumption within the age groups, determined by the negative income dynamics.

Keywords: consumption; saving rate; ageing (search for similar items in EconPapers)
JEL-codes: E21 J11 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-age and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_638_21

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