THE EFFECTS OF AGEING ON HOUSEHOLD CONSUMPTION IN CENTRAL AND EASTERN EUROPE

Karol Michnevic

Economy & Business Journal, 2016, vol. 10, issue 1, 273-287

Abstract: Recent shortcomings in consumption-oriented stimulus measures in the EU point to demographic trends as a possible explanation of lacklustre growth. The author studies changes in the age composition of CEE countries over time and their effects on household consumption using a force-fitted polynomial model. A strong negative link is found between the proportion of the population aged 65+ and the level of household consumption. The paper’s findings are expected to help augment current macroeconomic analysis techniques used by researchers and public institutions with a demographic component.

Keywords: consumption; demographics; economy (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:10:y:2016:i:1:p:273-287

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