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Identifier 000457527
Title Οι επιπτώσεις της γήρανσης του πληθυσμού στην κατανάλωση στην Ελλάδα
Alternative Title The effects of population ageing on consumption in Greece
Author Σαΐτης, Γεώργιος
Thesis advisor Νικολίτσα Δάφνη
Reviewer Γιαννέλης Νικόλαος
Λαπατσιώρας Σπύρος
Abstract This thesis deals with the study of the effects of ageing on the consumption behavior of households in Greece. Private consumption constitutes an important share of Gross Domestic Product (GDP) and macroeconomic analyses examine the evolution of this size over time and in relation to the macroeconomic environment. The focus here is on individual private consumption and its determinants, i.e., a microeconomic analysis. The analysis was carried out using microeconomic data from the ELSTAT Household Budget Survey (HBS) for the period 2008-2021. The age of the household was assumed to 'match' the age of the reference person. Goods were divided into four main categories according to the COICOP international classification: durable, nondurable, semi-durable and services. As can be seen from the descriptive statistics, Greek households spend most of their income on services and non-durable goods. As the focus of the analysis is on the evolution of average consumption expenditure and marginal propensity to consume with age, to distinguish generational effects, the data were divided into cohorts based on the year of birth of the household representative. Econometric estimates of the multiple regression model used showed that the marginal propensity to consume differs significantly between the four groups of goods. In fact, it turns out that the data show that the marginal propensity to consume increases with age. The cohort-level analysis that followed with the dependent variable being total average per capita expenditure and average per capita expenditure on nondurable goods shows significant variation in consumption levels across generations with the average level of expenditure being lower for older generations. Unemployment at NUTS 1 geographical area level is used to capture the macroeconomic environment and is negatively correlated with individual consumption expenditure. Finally, the effects of other factors such as sex, geographical region, educational level, and current main occupation on individual consumption expenditure are examined.
Language English
Subject Ageing
Consumption
Greece
Γήρανση
Ελλάδα
Κατανάλωση
Issue date 2023-06-10
Collection   School/Department--School of Social Sciences--Department of Economics--Post-graduate theses
  Type of Work--Post-graduate theses
Permanent Link https://elocus.lib.uoc.gr//dlib/a/4/f/metadata-dlib-1690281757-251205-28569.tkl Bookmark and Share
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