On the economic geography of an aging society

Takaaki Takahashi

Regional Science and Urban Economics, 2022, vol. 95, issue C

Abstract: This study examines the spatial distribution of young and old consumers and the impacts of the aging population on economic geography. We pay special attention to the generational difference in the incentive behind a location choice, and the interplay of agglomeration and dispersion forces. The results show that the elderly exhibit a strong tendency to agglomerate, and the increase in the aged population promotes the spatial agglomeration of economic activities. In addition, it is shown that urban costs weaken the tendency toward agglomeration. This study is one of the first attempts to combine a new economic geography model and a discrete-time overlapping generations model.

Keywords: Agglomeration force; Demand linkage; Dispersion force; New economic geography; Overlapping generations; Surviving rate; Urban costs (search for similar items in EconPapers)
JEL-codes: J1 R1 R2 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:95:y:2022:i:c:s0166046222000382

DOI: 10.1016/j.regsciurbeco.2022.103798

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