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Economic impacts of ageing: an inter‐industry approach

Author

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  • Paula C. Albuquerque
  • João C. Lopes
Abstract
Purpose - The purpose of this paper is to study the impact of the evolution of consumption patterns associated with ageing on the relative importance of industries in Portugal, quantifying the changes in production, value added, imported intermediate inputs and employment. Design/methodology/approach - This paper uses data from the Family Spending Survey to disaggregate the household column of the Portuguese input‐output table in different age groups, projecting their consumption, using the latest demographic projections made by Statistics Portugal (INE). Findings - The study identifies the industries that are likely to be stimulated by the ageing of the Portuguese populations, as well as the industries that will most likely become disadvantaged by the process. Social implications - The task of identification of growing and declining industries due to ageing is important to help the design of employment, environmental and social policies. Originality/value - The contemporary demographic trends in Western societies have added to the importance of studying the economic and social consequences of ageing. The main issues have been the labour market effects, the sustainability of social security systems and long‐term care. In this paper, we address a different research topic, quantifying the sectoral impact of the evolution of consumption patterns associated with ageing. This can be useful in addressing the structural challenges of the rapid ageing of the population, common to most of the developed economies.

Suggested Citation

  • Paula C. Albuquerque & João C. Lopes, 2010. "Economic impacts of ageing: an inter‐industry approach," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(12), pages 970-986, October.
    • Handle: RePEc:eme:ijsepp:v:37:y:2010:i:12:p:970-986
    DOI: 10.1108/03068291011083035
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    References listed on IDEAS

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    Cited by:

    1. Maurizio Bussolo & Johannes Koettl & Emily Sinnott, 2015. "Golden Aging," World Bank Publications - Books, The World Bank Group, number 22018.
    2. Gindra Kasnauskiene & Marija Andriuskaite, 2017. "Economic Implications Of Ageing Lithuanian Population," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 8(1).
    3. João Carlos Lopes & Paula Cristina Albuquerque, 2012. "The characteristics and regional distribution of older workers in Portugal," Working Papers Department of Economics 2012/22, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

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