Volume 15, Issue 1 (2015)
QJER 2015, 15(1): 23-53 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
nikooghadam M, Homayounifar M, Hooshmand M, Salimifar M. The Effects of Changes in Population Age Structure on Per Capita Income in Iran Considering Effective Channels. QJER 2015; 15 (1) :23-53
URL: http://ecor.modares.ac.ir/article-18-9012-en.html
URL: http://ecor.modares.ac.ir/article-18-9012-en.html
1- Assistant Professor of Economics, University of Bojnord
2- Associate Professor of Economics, Ferdowsi University of Mashhad, homayounifar@um.ac.ir
3- Professor of Economics, Ferdowsi University of Mashhad
2- Associate Professor of Economics, Ferdowsi University of Mashhad, homayounifar@um.ac.ir
3- Professor of Economics, Ferdowsi University of Mashhad
Abstract: (10092 Views)
On the factors affecting economic growth and per-capita income, the less attention has been paid to “population age structure”. We aim to investigate the effect of changes in population age structure on per capita income in Iran. To do this, we identify the most important effective channels according to review of literature. Then we design an empirical model that indicates the relationship between population age structure and per-capita income based on the neoclassical growth literature. In the next step we estimate and test the model in three specifications by Auto-Regressive Distributed Lags (ARDL) method during 1968-2010. The results indicate that the per capita income elasticity of labor supply (as the direct effectiveness channel of changes in population age structure on per capita income) is positive. In addition, indirect channels (which include savings, human capital and government spending) indicate that the per capita income elasticity with respect to an increase in share of population between the ages 15 to 64 is positive, and per capita income elasticity with respect to an increase in share of population below age 15 and above age 65 is negative.
Article Type: Research Paper |
Subject:
A12 - Relation of Economics to Other Disciplines|A13 - Relation of Economics to Social Values|E20 - General|E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment
Received: 2013/08/18 | Accepted: 2014/09/15 | Published: 2015/03/21
Received: 2013/08/18 | Accepted: 2014/09/15 | Published: 2015/03/21
| Rights and permissions | |
 |
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |