How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence

Lei He (), Shuyi Zhou and Zilan Liu
Additional contact information
Lei He: Business School of Hunan Normal University
Shuyi Zhou: Business School of Hunan Normal University
Zilan Liu: Business School of Hunan Normal University

International Review of Economics, No 0, 14 pages

Abstract: Abstract The effects of longevity and pension on consumption or savings are investigated separately in previous studies. In this paper, we first construct a theoretical model which shed light on explicit joint role of longevity at different age, pension, and aging on aggregate household consumption. The testable implications are provided by theoretical discussion and are supported by empirical results based on panel data. The negative effect of longevity on the aggregate household consumption is strengthened by the aging. The pension has a positive impact on aggregate household consumption, and it is intensified by aging. The aggregate household consumption is affected positively by aging.

Keywords: Longevity; Aging; Pension; Aggregate household consumption (search for similar items in EconPapers)
JEL-codes: E21 J10 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s12232-020-00352-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:inrvec:v::y::i::d:10.1007_s12232-020-00352-y

Ordering information: This journal article can be ordered from
http://www.springer. ... cy/journal/12232/PS2

DOI: 10.1007/s12232-020-00352-y

Access Statistics for this article

International Review of Economics is currently edited by Luigino Bruni

More articles in International Review of Economics from Springer, Happiness Economics and Interpersonal Relations (HEIRS)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().