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Title:Aging and structural change PDF Logo
Authors:Thießen, Ulrich
Issue Date:2007
Series/Report no.:Discussion papers // German Institute for Economic Research 742
Abstract:Many studies analyzed in depth how aging affects aggregate economic performance. But analyses of these effects on the employment structure are scarce and they do not consider that consumption patterns, the supply of goods and services, and also sectoral labor productivity are all likely to adjust to aging and will change. Hence, regression analysis of sectoral employment shares is proposed that controls for aging. For a large panel of countries and a long time period it is found that aging indeed affects relative employment of most sectors statistically highly significant either positive or negative. We also conclude that aging tends to accelerate ongoing structural change. This enables to derive specific policy implications. The approach could thus become a new method in forecasting employment and other effects of aging.
Subjects:Aging
Structural Change
Panel Regressions
JEL:J11
O57
C33
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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