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On the economic geography of an aging society

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  • Takahashi, Takaaki

Abstract

This study examines the spatial distribution of young and old consumers and the impacts of the aging population on economic geography. We pay special attention to the generational difference in the incentive behind a location choice, and the interplay of agglomeration and dispersion forces. The results show that the elderly exhibit a strong tendency to agglomerate, and the increase in the aged population promotes the spatial agglomeration of economic activities. In addition, it is shown that urban costs weaken the tendency toward agglomeration. This study is one of the first attempts to combine a new economic geography model and a discrete-time overlapping generations model.

Suggested Citation

  • Takahashi, Takaaki, 2022. "On the economic geography of an aging society," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:regeco:v:95:y:2022:i:c:s0166046222000382
    DOI: 10.1016/j.regsciurbeco.2022.103798
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    2. Pandyaswargo, Andante Hadi & Siregar, Tifani Husna & Onoda, Hiroshi, 2023. "Exploring Japan’s older adults mobility challenges and the potential role of autonomous vehicles," Transportation Research Part A: Policy and Practice, Elsevier, vol. 176(C).

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    More about this item

    Keywords

    Agglomeration force; Demand linkage; Dispersion force; New economic geography; Overlapping generations; Surviving rate; Urban costs;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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