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Demography and Inflation: An International Study

Andrews, Doug, Oberoi, Jaideep S, Wirjanto, Tony, Zhou, Chenggang (2018) Demography and Inflation: An International Study. North American Actuarial Journal, 22 (2). pp. 210-222. ISSN 1092-0277. (doi:10.1080/10920277.2017.1387572) (KAR id:63398)


Changes in the relative share of different age groups in the population may present inflationary, disinflationary or even deflationary tendencies. We find evidence that increases in the share of the very old (age 80 and older) may be associated with deflation. The analysis is based on an international dataset over a long time period. Classifying age groups into young, working, younger old and older old, we find that the shares of the young and the younger old groups are inflationary, while those of the working group disinflationary, and those of the very old group seemingly deflationary.

Item Type: Article
DOI/Identification number: 10.1080/10920277.2017.1387572
Uncontrolled keywords: Demographic Changes, Population Aging, Inflation, Macroeconomic Impacts, JEL Classification: E31, E37, J11, J14; cequfin
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Jaideep Oberoi
Date Deposited: 13 Sep 2017 15:20 UTC
Last Modified: 04 Mar 2024 15:18 UTC
Resource URI: (The current URI for this page, for reference purposes)

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