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Ageing and expenditure of Italian households

Author

Listed:
  • Vincenzo Mariani

    (Bank of Italy)

Abstract

This work proposes a reconstruction of survey data that makes it possible to analyse the mechanical effect of ageing on the consumption of Italian households. Ageing has limited the increase in the propensity to spend recorded in the period between 2005 and 2017, and it has had a negative - but small - impact on the dynamics of average, per capita and equivalized household expenditure. The decline in household expenditure in the period considered is almost entirely attributable to the reduction of consumption within the age groups, determined by the negative income dynamics.

Suggested Citation

  • Vincenzo Mariani, 2021. "Ageing and expenditure of Italian households," Questioni di Economia e Finanza (Occasional Papers) 638, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_638_21
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2021-0638/QEF_638_21.pdf
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    More about this item

    Keywords

    consumption; saving rate; ageing;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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