Open AccessEFFECTS OF DEMOGRAPHIC STRUCTURE IN GROWTH ACCOUNTING AND LABOUR MARKET DECOMPOSITIONS
Author(s) -
Petr Maleček
Publication year - 2021
Publication title -
international journal of economic sciences
Language(s) - English
Resource type - Journals
ISSN - 1804-9796
DOI - 10.52950/es.2021.10.2.006
Subject(s) - multiplicative function , decomposition , economics , econometrics , market structure , population , accounting , microeconomics , mathematics , biology , sociology , demography , mathematical analysis , ecology
Impact of demographic structure on labor market and macroeconomic aggregates might be pronounced in some countries. Despite this fact, only a handful of approaches dealing with quantifications such effects have been derived so far. The aim of this paper is therefore to fill this methodological gap and to introduce methodological approaches for capturing changes in demographic structure, with many applications in growth accounting and labor market decompositions. Firstly, a novel additive decomposition will be presented, as an alternative to traditional models using fixed population weights. This will be followed by the presentation of a multiplicative decomposition, which can be applied to all kinds of growth accounting exercises based on multiplicative identities.