Population aging and sectoral employment shares

This paper theoretically investigates the effect of population aging on the employment share of an elder care service industry. We show that there exists the threshold level of income elasticity of demand for the elder care service, above which population aging spurs economic growth. In a closed economy, the threshold level is unity, whereas it exceeds unity in a small open economy.

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Year of publication:	2012
Authors:	Momota, Akira
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 3, p. 527-530
Publisher:	Elsevier
Subject:	Aging \| Long-term care \| Overlapping generations

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Type of publication:	Article
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J14 - Economics of the Elderly ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572186