000			01090nam a22001457a 4500
999			_c520996 _d520996
008			221207b ||||| |||| 00| 0 eng d
100			_aCravino, J., Levchenko, A. and Rojas M. _935761
245			_aPopulation aging and structural transformation
260			_aAmerican Economic Journal: Macroeconomics
300			_a14(4), Oct, 2022: p.479-498
520			_aWe quantify the role of population aging in the structural transformation process. Household-level data from the United States show that the fraction of expenditures devoted to services increases with household age. We use a shift-share decomposition and a quantitative model to show that US population aging accounted for about a fifth of the observed increase in the service share in consumption between 1982 and 2016. The contribution of population aging to the rise in the service share is about the same size as the contribution of real income growth and about half as large as that of changes in relative prices. – Reproduced
773			_aAmerican Economic Journal: Macroeconomics
906			_aAGED
942			_cAR