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Contribution of increased life expectancy to economic growth: evidence from CEE countries

Author

Listed:
  • Gindrute Kasnauskiene

    (Vilnius university)

  • Karol Michnevich

    (Vilnius university)

Abstract

Population ageing in a backdrop of growing average life expectancy can be seen in many advanced economies, but the rapid pace of these demographic changes in Central and Eastern Europe (CEE) makes it a pressing matter for the region. We investigate these two phenomenon and compare results with prior research to determine their separate and combined effect on output growth in a panel regression model using Eurostat data for the period 1996 to 2013. Our findings point to both life expectancy and population ageing exerting a statistically significant, overlapping effect on real output. The conclusions of our research demonstrate the utility of augmenting macroeconomic models with a demographics-sensitive component.

Suggested Citation

  • Gindrute Kasnauskiene & Karol Michnevich, 2017. "Contribution of increased life expectancy to economic growth: evidence from CEE countries," Proceedings of International Academic Conferences 5807776, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:5807776
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    File URL: https://iises.net/proceedings/33rd-international-academic-conference-vienna/table-of-content/detail?cid=58&iid=031&rid=7776
    File Function: First version, 2017
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    Citations

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    Cited by:

    1. Agnieszka Stanimir, 2020. "Generation Y on labour market ? perception of work values and quality of job," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 9(1), pages 202-223, June.
    2. Cörvers, Frank & Reinold, Julia & Chakkar, Saena & Bolzonella, Francesco & Ronda, Vera, 2021. "Literature review labour migration," ROA Technical Report 005, Maastricht University, Research Centre for Education and the Labour Market (ROA).

    More about this item

    Keywords

    demographics; life expectancy; population ageing; economic growth; CEE countries;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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