Population aging and sectoral employment shares

Akira Momota

Economics Letters, 2012, vol. 115, issue 3, 527-530

Abstract: This paper theoretically investigates the effect of population aging on the employment share of an elder care service industry. We show that there exists the threshold level of income elasticity of demand for the elder care service, above which population aging spurs economic growth. In a closed economy, the threshold level is unity, whereas it exceeds unity in a small open economy.

Keywords: Aging; Long-term care; Overlapping generations (search for similar items in EconPapers)
JEL-codes: D91 J14 O41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:3:p:527-530

DOI: 10.1016/j.econlet.2012.02.006

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