The Impact of Population Ageing and Social Stratification: The Case of Latvia
Date
2019
Authors
Rupeika-Apoga, Ramona
Romānova, Inna
Bule, Larisa
Thalassinos, Y.E.
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Abstract
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.
The paper was supported by the project “INTERFRAME-LV” (Project No.VPP-IZM-2018/1-0005)
The paper was supported by the project “INTERFRAME-LV” (Project No.VPP-IZM-2018/1-0005)
Description
Keywords
Research Subject Categories::SOCIAL SCIENCES::Business and economics::Economics , Population ageing , population social stratification , post-transition economy , small and open economy
Citation
R. Rupeika-Apoga Et Al (2019). The Impact of Population Ageing and Social Stratification: The Case of Latvia, International Journal of Economics and Business Administration Volume VII Issue 1, 49-63