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The Demographic Structure, Firm Age and Economic Performance: A Local Level Analysis (in Korean)

Author

Listed:
  • Jisoo Kang

    (Department of Economics, Sogang University)

  • Janghee Cho

    (Department of Economics, Jeju National University,)

Abstract

This study shows the effects of the old dependency ratio on the age structure and performance of establishments in a region. Using county-level (si-gun-gu in Korea) data constructed from the 2015 Economic Census and 2015 Population and Housing Census, we find a county with higher old dependency ratio has a higher fraction of old establishments and lower number of jobs and sales per worker. The robustness checks using an alternative age variable and subsample produce qualitatively similar results. The result suggests that the local ageing population is negatively related to the dynamics of the local economy as well as its scale and performance.

Suggested Citation

  • Jisoo Kang & Janghee Cho, 2018. "The Demographic Structure, Firm Age and Economic Performance: A Local Level Analysis (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 24(4), pages 101-128, December.
    • Handle: RePEc:bok:journl:v:24:y:2018:i:4:p:101-128
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    More about this item

    Keywords

    Old Age Dependency Ratio; the Age of Establishments; Employment; Annual Sales per Worker;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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