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The Economic Impacts of Aging Societies

Author

Listed:
  • Findik Ozlem Alper

    (Department of Economics, Nigde University, Nigde University F.E.A.S, 51240 Nigde, Turkey)

  • Ali Eren Alper

    (Department of Public Finance, Nigde University, Nigde University F.E.A.S, 51240 Nigde, Turkey)

  • Okyay Ucan

    (Department of Economics, Nigde University, Nigde University F.E.A.S, 51240 Nigde, Turkey)

Abstract

Changes occurring in the health sector and in terms of society within the last 100 years in the world has extended the life expectations at the time of birth and decreased the birth rates. These changes have been experienced especially in developed countries rather than the underdeveloped and developing countries. The aim of this study is to make the determination of the economic effects of growth by using panel data analysis method for 2000-2014 period in 19 developed countries consisting of USA, Canada, England, Germany, France, Japan, Belgium, Australia, Luxembourg, Switzerland and Denmark. The panel corrected standard errors regression test results show that the income per capita is directly proportional with the income per worker and labour force total participation rate (LFTP). So when the average of age increases LFTP decreases and this affects negatively the national income of countries

Suggested Citation

  • Findik Ozlem Alper & Ali Eren Alper & Okyay Ucan, 2016. "The Economic Impacts of Aging Societies," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1225-1238.
    • Handle: RePEc:eco:journ1:2016-03-53
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Aging; Labour Force Participation Rate; Panel Data Analysis;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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