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
Cite this article: Karol Michnevic. THE EFFECTS OF AGEING ON HOUSEHOLD CONSUMPTION IN CENTRAL AND EASTERN EUROPE. Journal of International Scientific Publications: Economy & Business 10, 273-287 (2016). https://www.scientific-publications.net/en/article/1001239/
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
Submit Feedback
We value your input! Use this form to report any concerns or provide feedback on our published articles. All submissions will be kept confidential.
