Quotation Kuhn, Michael, Prettner, Klaus. 2018. Population Age Structure and Consumption Growth: Evidence from National Transfer Accounts. Journal of Population Economics. 31 135-153.




We assess the effects of the population age structure and the population dynamics on economic growth. Following recent research, we focus on the generational turnover effect to characterize the influence of birth and death rates, depending on the age profile of individual consumption, the extent of annuity market imperfections, and the willingness of households to shift consumption over time. Using data from the National Transfer Accounts on age profiles of consumption for a number of different countries, we assess—in a comparative way—the sign and the magnitude of the generational turnover effect and its impact on economic growth. We find considerable cross-country differences and trace them back to the underlying variation in demography and in the age structure of consumption.


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Status of publication Published
Affiliation External
Type of publication Journal article
Journal Journal of Population Economics
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C, WH-B
Language English
Title Population Age Structure and Consumption Growth: Evidence from National Transfer Accounts
Volume 31
Year 2018
Page from 135
Page to 153
Reviewed? Y
URL https://link.springer.com/article/10.1007/s00148-017-0654-z
DOI https://doi.org/10.1007/s00148-017-0654-z
Open Access N


Prettner, Klaus (Details)
Kuhn, Michael (Vienna Institute of Demography, Austria)
Department of Economics (Crespo Cuaresma) (Details)
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