The Impact of Population Ageing and Social Stratification: The Case of Latvia
| Autor: | Inna Romānova, Ramona Rupeika-Apoga, Yannis Thalassinos, Larisa Bule |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Population ageing
Economic development -- Econometric models 03 medical and health sciences Prediction error variance 0302 clinical medicine post-transition economy 0502 economics and business Per capita Economics small and open economy 030212 general & internal medicine Empirical evidence Labor supply -- Latvia Social stratification -- Latvia population social stratification 05 social sciences General Business Management and Accounting Causality Social stratification Population aging -- Latvia SOCIAL SCIENCES::Business and economics::Economics [Research Subject Categories] Demographic economics Latvia -- Economic policy General Economics Econometrics and Finance 050212 sport leisure & tourism |
| Zdroj: | Scopus-Elsevier |
| Popis: | Population ageing and social stratification is widely assumed to have detrimental effects on the economy yet there is little empirical evidence about the magnitude of its effects. The aim of this article is to investigate the relationships between population ageing and social stratification and the state of economy of a small and post-transition economy. We are looking for these relationships and their strength of influence; at what time after shocking these variables reach their original levels. We apply standard Granger (non-) causality tests, VAR (Vector Auto-Regressive), IRF (Impulse Response Function) and the prediction error variance analysis by using quarterly data from 2000 to 2018. Research results show that the changes in the level of GDP per capita and the number of pensions paid imply changes in the number of retired persons. The research results have important contribute to policy debates about the impact of population ageing and social stratification on the state of economy in small and post-transition economy. peer-reviewed |
| Databáze: | OpenAIRE |
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