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Household Age Structure And Consumption In Serbia

Author

Listed:
  • Biljana Radivojević
  • Petar Vasić

Abstract

The influence of demographic variables on household consumption level and structure is understood but insufficiently studied in Serbia. This paper analyzes the connection between age as a demographic variable, and the size and structure of household consumption as economic phenomena. We discuss the research results, trying to explain the intensity and direction of the shown connection. The economic variables are usually set as determinants of demographic processes, but we set age as an independent demographic variable shaping household consumption without ignoring the household income level. It seems that the age structure of a household, particularly the age of the household head, has a significant influence on consumption structure.

Suggested Citation

  • Biljana Radivojević & Petar Vasić, 2012. "Household Age Structure And Consumption In Serbia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(195), pages 79-102, October -.
    • Handle: RePEc:beo:journl:v:57:y:2012:i:195:p:79-102
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    References listed on IDEAS

    as
    1. Mathieu Lefebvre, 2006. "Population ageing and consumption demand in Belgium," CREPP Working Papers 0604, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
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    More about this item

    Keywords

    household consumption; age structure; consumption structure; household size;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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