Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190215 
Year of Publication: 
2017
Series/Report no.: 
ADBI Working Paper No. 794
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Population aging has significant economic and social costs, and this paper studies its impacts on inequality, both theoretically and empirically. First, we build a two-period overlapping-generation model with an uncertain lifetime and find that population aging has the overall effect of increasing income and consumption inequality within the society. For the empirical analysis, we use household data from the China Health and Nutrition Survey to assess the age effect on income and consumption inequality in the People's Republic of China and confirm the results predicted by the theoretical model.
Subjects: 
population aging
income inequality
consumption inequality
overlapping-generation model
JEL: 
J11
J14
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
894.65 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.