6533b81ffe1ef96bd1277df1
RESEARCH PRODUCT
The Impact of Population Ageing and Social Stratification: The Case of Latvia
Inna RomānovaRamona Rupeika-apogaYannis ThalassinosLarisa Bulesubject
Population ageingEconomic development -- Econometric models03 medical and health sciencesPrediction error variance0302 clinical medicinepost-transition economy0502 economics and businessPer capitaEconomicssmall and open economy030212 general & internal medicineEmpirical evidenceLabor supply -- LatviaPopulation ageingSocial stratification -- Latviapopulation social stratification05 social sciencesGeneral Business Management and AccountingCausalitySocial stratificationPopulation aging -- Latvia:SOCIAL SCIENCES::Business and economics::Economics [Research Subject Categories]Demographic economicsLatvia -- Economic policyGeneral Economics Econometrics and Finance050212 sport leisure & tourismdescription
Population ageing and social stratification is widely assumed to have detrimental effects on the economy yet there is little empirical evidence about the magnitude of its effects. The aim of this article is to investigate the relationships between population ageing and social stratification and the state of economy of a small and post-transition economy. We are looking for these relationships and their strength of influence; at what time after shocking these variables reach their original levels. We apply standard Granger (non-) causality tests, VAR (Vector Auto-Regressive), IRF (Impulse Response Function) and the prediction error variance analysis by using quarterly data from 2000 to 2018. Research results show that the changes in the level of GDP per capita and the number of pensions paid imply changes in the number of retired persons. The research results have important contribute to policy debates about the impact of population ageing and social stratification on the state of economy in small and post-transition economy.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2019-02-01 |