Population dynamics and life-cycle consumption

Senesi, Pietro

doi:10.1007/s001480200127

Cited by 7 publications

(2 citation statements)

References 3 publications

(10 reference statements)

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“…Second, the impact of aging on consumption tendency and consumption level. Senesi constructed an iteration model to propose a preference view about endogenous time and finite life, that is, the higher the proportion of the elderly population, the greater the total consumption tendency of society [41]. From the perspective of mechanism, aging affects the consumption level by reducing fertility [42].…”

Section: Population Aging and Consumptionmentioning

confidence: 99%

Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background

et al. 2019

Sustainability

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With the development of e-commerce, online consumption-a new sustainable consumption mode-has rapidly developed. Online shopping has become an important consumption method for Chinese residents, and the era of online consumption has arrived. Urbanization is an important foundation for the development of online consumption, and its impact on online consumption is becoming increasingly important. In addition, with the decline of fertility in China, the proportion of the elderly population is increasing. As the macro background of the current economic operation of China, population aging has long been a concern of the government. However, the existing research on urbanization, population aging and online consumption is insufficient. In this context, this study is of great significance to promote the sustainable development of the online consumption mode and enrich the theory of resident consumption in the era of the network economy. In this paper, by adopting the system generalized method of moments (GMM), we conducted an empirical analysis of the relationship between urbanization, population aging, and online consumption, based on panel data from 31 provinces in China from 2007 to 2017. Furthermore, we examined the regional heterogeneity of urbanization's online consumption effect. The results reveal that, first, urbanization has a positive relationship with online consumption. Second, urbanization's online consumption effect has regional differences, with the largest positive effect being in the western area of China, the second in the eastern area of China and the smallest in the central area of China. Third, aging inhibits the development of online consumption. Specifically, it mainly includes two aspects. On the one hand, aging has a direct negative impact on online consumption. On the other hand, aging has a moderating effect on urbanization's online consumption effect, which weakens the impact of urbanization. The rising of urban residents' income has significant explanatory power to the change of online consumption in the eastern and western regions. Therefore, the policy implications are as follows: promoting the strategic transformation of urbanization, giving full play to the online consumption effect of urbanization; adjusting and improving population policy to cope with the population aging; constantly raising people's income level and enhancing consumption potential.

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Section: Population Aging and Consumptionmentioning

confidence: 99%

Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background

et al. 2019

Sustainability

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“…In other studies, Sinesi (2003) and Lindh and Malmberg (1999) applied the life cycle consumption model and argued that the propensity to save was related to the age structure of the population. Higher proportions of old people in the population implied low saving rates.…”

Section: Introductionmentioning

confidence: 99%

Income growth, population and savings in the Southern Africa Development Community region

Matchaya

Nhemachena

Nhlengenthwa

2018

South African Journal of Economic and management Sciences

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Background:The Southern Africa Development Community (SADC) faces pervasive income stagnation, high inequality, increasing population growth rates and poverty. For example, despite that half of SADC countries are low middle income (as opposed to low income), high inequality implies that many people in the region still live in poverty. While literature is replete with theories linking low incomes to population growth and savings, empirical evidence is context specific and often mixed.Aim: There is a dearth of strong empirical evidence that shows empirical linkages between population growth rates, incomes and savings in the SADC and this article aims to investigate these linkages. Specifically, the aim is to empirically understand the impact of population growth, savings and investment in human capital, on incomes. Setting:We focus our investigation on the Southern Africa Development Community (SADC), which comprises 16 countries namely,

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How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence

Zhou

Liu

2020

Int Rev Econ

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Population dynamics and life-cycle consumption

Cited by 7 publications

References 3 publications

Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background

Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background

Income growth, population and savings in the Southern Africa Development Community region

How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence

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