The Effects of Aging Populations on U.S. Communities
Seunghun Chung,
Oudom Hean
Abstract:As the population in affluent countries has been experiencing rapid aging, understanding its impact on the regional economy has become an important research topic. In this study, we investigate whether regional population aging has affected the economy in the United States. Using instrumental variables based on age structure, we have identified significant positive impacts on employment growth and negative impacts on the population growth rate. Additionally, there was no significant impact on local wages but a… Show more
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