Impact of Demographic Change on the Composition of Consumption Expenditure: A Long-term Forecast

Considering the fact that households' demographic characteristics affect consumption decision, it is conjectured that rapid demographic changes would lead to a substantial change in the composition of private consumption expenditure. This paper estimates the demand functions of various consumpt...

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Bibliographic Details
Main Author: Kim, Dong seok
Format: Article
Language:English
Published: Korea Development Institute 2006-12-01
Series:KDI Journal of Economic Policy
Subjects:
Online Access:https://doi.org/10.23895/kdijep.2005.28.2.1