Does aging influence sectoral employment shares? Evidence from panel data

Arbeitspapier

Our study represents a first attempt to single out the effects of aging on the entire structure of the economy that is approximated by employment shares in different sectors. We find that even after controlling for the effects of other relevant factors - e.g. income per capita, share of trade in GDP, government consumption share in GDP, population size - aging does have a statistically significant differentiated impact on the employment shares. In particular, we find that an increase in the aging proxies exerts a statistically significant adverse effect on the employment shares in agriculture, manufacturing, construction, and mining and quarrying industries. At the same time, increasing share of the elderly people in the society positively affects employment shares in community, social, and personal services as well as in the financial sector. In the simulation exercise, we illustrate the effects of aging on the employment structure within the next 45 years.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: KOF Working Papers ; No. 214

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Demographic Trends, Macroeconomic Effects, and Forecasts ; Comparative Studies of Countries ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
• Thema: Structural change ; aging ; employment shares ; dynamic panel data ; Sektorale Beschäftigungsstruktur ; Alternde Bevölkerung ; Strukturwandel ; Drei-Sektoren-Hypothese ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Thiessen, Ulrich ; Kholodilin, Konstantin A. ; Siliverstovs, Boriss
• Ereignis: Veröffentlichung
• (wer): ETH Zurich, KOF Swiss Economic Institute
• (wo): Zurich
• (wann): 2008

Weitere Informationen

• DOI: doi:10.3929/ethz-a-005717951
• Handle: http://hdl.handle.net/10419/50400
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ