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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| Format: | Article |
| Language: | English |
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Korea Development Institute
2006-12-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2005.28.2.1 |