Arbeitspapier
Ageing and the Relative Price of Nontradeables
In this paper we identify the effects of ageing on the relative price of nontradeables versus tradeables. We consider two cases. In a first specification, age effects only account for short-run dynamics. An alternative case allows for permanent age effects. Estimating the respective cases by means of an ECM on a panel of OECD countries we find significant effects of demographic composition on the relative prices, even after correcting for the standard explanatory variables. Simulations based on population projections of the UN show that ageing might substantially contribute to inflationary pressures in the near future.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 07-064/2
- Klassifikation
-
Wirtschaft
Open Economy Macroeconomics
Price Level; Inflation; Deflation
Demographic Trends, Macroeconomic Effects, and Forecasts
- Thema
-
relative price of nontradeables
age-specific effects
productivity differentials
Alternde Bevölkerung
Relativer Preis
Nicht-handelbare Güter
Produktivität
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bettendorf, Leon
Dewachter, Hans
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bettendorf, Leon
- Dewachter, Hans
- Tinbergen Institute
Entstanden
- 2007
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