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dc.contributor.authorThiessen, Ulrichen_US
dc.contributor.authorKholodilin, Konstantin A.en_US
dc.contributor.authorSiliverstovs, Borissen_US
dc.description.abstractOur study represents a first attempt to single out the effects of aging on the entire structure of the economy that is approximated by employment shares in different sectors. We find that even after controlling for the effects of other relevant factors - e.g. income per capita, share of trade in GDP, government consumption share in GDP, population size - aging does have a statistically significant differentiated impact on the employment shares. In particular, we find that an increase in the aging proxies exerts a statistically significant adverse effect on the employment shares in agriculture, manufacturing, construction, and mining and quarrying industries. At the same time, increasing share of the elderly people in the society positively affects employment shares in community, social, and personal services as well as in the financial sector. In the simulation exercise, we illustrate the effects of aging on the employment structure within the next 45 years.en_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 214en_US
dc.subject.keywordStructural changeen_US
dc.subject.keywordemployment sharesen_US
dc.subject.keyworddynamic panel dataen_US
dc.subject.stwSektorale Beschäftigungsstrukturen_US
dc.subject.stwAlternde Bevölkerungen_US
dc.titleDoes aging influence sectoral employment shares? Evidence from panel dataen_US
dc.typeWorking Paperen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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