Ageing in the labour market: a spatial VAR approach

IF 1.5 3区经济学 Q2 ECONOMICS

Spatial Economic Analysis Pub Date : 2022-02-19 DOI:10.1080/17421772.2022.2036361

Massimo Giannini, Cristiana Fiorelli, B. Martini

引用次数: 1

Abstract

ABSTRACT This study examines the effects of ageing on per capita labour income, consumption and wealth of the working population in Italian provinces. Starting from the overlapping generations (OLG) model of perpetual youth, we estimate a spatial vector autoregressive (VAR) model to investigate how ageing affects the model’s dynamics. We find that ageing positively impacts per capita labour income and wealth, consequently having an adverse effect on consumption (over-accumulation). A simple exercise shows that over-accumulation is beneficial to the Italian social security system.

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劳动力市场的老龄化:一个空间VAR方法

摘要本研究考察了老龄化对意大利各省劳动人口人均劳动收入、消费和财富的影响。从永葆青春的重叠世代（OLG）模型开始，我们估计了一个空间向量自回归（VAR）模型，以研究衰老如何影响该模型的动力学。我们发现，老龄化对人均劳动收入和财富产生了积极影响，从而对消费产生了不利影响（过度积累）。一个简单的例子表明，过度积累对意大利的社会保障体系是有益的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Spatial Economic Analysis ECONOMICS-

CiteScore

5.40

自引率

21.70%

发文量

期刊介绍： Spatial Economic Analysis is a pioneering economics journal dedicated to the development of theory and methods in spatial economics, published by two of the world"s leading learned societies in the analysis of spatial economics, the Regional Studies Association and the British and Irish Section of the Regional Science Association International. A spatial perspective has become increasingly relevant to our understanding of economic phenomena, both on the global scale and at the scale of cities and regions. The growth in international trade, the opening up of emerging markets, the restructuring of the world economy along regional lines, and overall strategic and political significance of globalization, have re-emphasised the importance of geographical analysis.