larger share of their expenditures to services, so the relative size of the service sector grows as the population ages. In a … devoted to services increases with household age. We use a shift-share decomposition and a quantitative model to show that … changes in the U.S. population age distribution accounted for about a fifth of the observed increase in the share of services …

.S. show that the fraction of expenditures devoted to services increases with household age. We use a shift-share decomposition …

richer workers demand more low skill-intensive services (such as cleaning and personal services) but also more skill …-intensive services (such as education and professional services). The parametrization of a simple model suggests that this induced demand …