Aging and Consumption Patterns in Turkey

2021 ◽  
pp. 149-171
Author(s):  
Reyhan Cafrı Açcı ◽  
Gülsüm Akarsu ◽  
Hanife Bıdırdı
Keyword(s):  
Social Protection ◽  
Population Aging ◽  
Panel Data Analysis ◽  
Aging Population ◽  
Consumption Patterns ◽  
Macroeconomic Factors ◽  
Consumption Expenditures ◽  
Goods And Services ◽  
Using Data

An aging population is one of the most important issues affecting many areas such as labor and capital markets, social protection, social security, housing, and especially the demand for goods and services. Specifically, analysis of consumption patterns has become essential to prepare long-term plans for production structure and investment because consumption preferences and needs may change as a result of the aging population. Therefore, the aim of this study is to analyze how aging affects consumption patterns in Turkey considering regional heterogeneity and the effects of macroeconomic factors over the years. For this, panel data analysis was performed using data on 26 regions of Turkey over 2008-2018. Results show that population aging affects most of the share of items in household consumption expenditures. Thus, Turkey should be prepared and make development and investment plans considering the aging population.

scholarly journals Fiscal Sustainability in Aging Societies: Evidence from Euro Area Countries

2020 ◽  
Vol 12 (24) ◽  
pp. 10276
Author(s):  
María del Carmen Ramos-Herrera ◽  
Simón Sosvilla-Rivero
Keyword(s):  
Euro Area ◽  
International Organizations ◽  
Population Aging ◽  
Fiscal Sustainability ◽  
Sharp Rise ◽  
Discretionary Fiscal Policy ◽  
Using Data ◽  
Sustainability Controlling ◽  
Aging Societies

Fiscal sustainability remains a paramount challenge in the Euro Area (EA) countries after the sharp rise in public debt-to-GDP ratios in the aftermath of the financial crisis of 2008. Using data from 11 EA countries over the period 1980–2019, we apply panel data techniques to examine the effects of population aging on fiscal sustainability, controlling for key macroeconomic variables. Our results suggest that the discretionary fiscal policy is strongly persistent, not being consistent with long-term fiscal solvency. Moreover, our results indicate that the fiscal stance is countercyclical for the countries under study and that population aging poses a major challenge for fiscal sustainability. The findings are robust to a different grouping of countries within the sample (core and peripheral countries, relatively old and young countries, and relatively more and less indebted countries). We consider that our results may have some practical meaning for national policymakers and international organizations responsible for regional and global fiscal surveillance and might shed some light on the possible effects that population aging could have on the effort of EA countries to restore public finances on a sustainable basis.

scholarly journals Social Exclusion in Older-Age and the European Pillar of Social Rights

2021 ◽  
pp. 421-431
Author(s):  
Maciej Kucharczyk
Keyword(s):  
Older People ◽  
Labour Market ◽  
Social Exclusion ◽  
Working Conditions ◽  
Social Protection ◽  
Later Life ◽  
Social Rights ◽  
Term Care ◽  
Goods And Services

AbstractThe European Pillar of Social Rights is about delivering new and more effective rights for Europeans. It builds upon 20 key principles, structured around three categories: equal opportunities and access to the labour market; fair working conditions; and social protection and inclusion. Directly relevant to older people, the Pillar has the potential to address the multidimensionality of exclusion in later life from a rights-based perspective – for example, by enhancing the rights to quality and affordable health and long-term care, to adequate pensions to live in dignity, to age-friendly working conditions and an inclusive labour market, or to access goods and services. Despite these valuable elements, there remains significant uncertainly around how the Pillar will achieve this and what kind of implemental actions might emerge across member states. This chapter analyses the potential of the European Pillar to address social exclusion of older people in Europe, the challenges that might impede its efforts, and the measures necessary to overcome such challenges.

scholarly journals Determinants of the Long-Term Correlation between Crude Oil and Stock Markets

Energies ◽  
2019 ◽  
Vol 12 (21) ◽  
pp. 4123 ◽  
Author(s):  
Lu Yang ◽  
Lei Yang ◽  
Kung-Cheng Ho ◽  
Shigeyuki Hamori
Keyword(s):  
Crude Oil ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Panel Data Analysis ◽  
Mixed Data ◽  
Data Sampling ◽  
Conditional Correlation ◽  
Macroeconomic Factors

This study employed a dynamic conditional correlation–mixed-data sampling (DCC–MIDAS) approach and panel data analysis to examine the factors that influence the long-term correlation between crude oil and stock markets. Our study shows that there is a positive long-term conditional correlation between oil prices and stock markets, except during the 2008 global financial crisis and the 2011 European debt crisis. We also found that macroeconomic factors have a significant impact on this correlation. Specifically, risk-free rate has a positive effect, whereas economic activity and credit risk has a negative effect. Our results provide useful information for investors and monetary authorities.

scholarly journals Trends in Population Aging and Social Policy for Elderly People in Vietnam

2021 ◽  
Vol 37 (2) ◽  
Author(s):  
Dang Thi Anh Tuyet ◽  
Nguyen Trung Hieu
Keyword(s):  
Quality Improvement ◽  
Life Expectancy ◽  
Social Services ◽  
Social Protection ◽  
Population Aging ◽  
Life Quality ◽  
Aging Population ◽  
The Elderly ◽  
Policy Adaptation ◽  
The World

Population aging is one of the central issues of many countries in the world, including Vietnam. Life quality improvement and increase in life expectancy are indicators of development achievements. However, increase in life expectancy and sub-replacement fertility will inevitably lead to the aging of the population and the aging population will surely increase socio-economic burden. Therefore, without timely policy adaptation solutions, Vietnam will face crises in a number of social areas, such as labor market, social protection for the elderly as well as providing basic social services in the context of an aging population.

scholarly journals The future of aging: Directions of development of social protection of the elderly in the community

2010 ◽  
pp. 187-197
Author(s):  
Biljana Maricic
Keyword(s):  
Elderly People ◽  
Social Services ◽  
Social Protection ◽  
Local Community ◽  
Long Term Care ◽  
Aging Population ◽  
The Elderly ◽  
Modern World ◽  
Term Care

Modern world is confronted with the fact that population is getting older, which become a personal, family and social problem. Changes in the socio-demographic structure of the population (aging population, the raising of the life-span, low birth rates, changes in family) produce many difficulties and problems, the present challenges and create directions of services development of long-term care for the elderly in the local community. Comprehensive framework consists of several questions which the author finds important for the relevant areas of interest: demographic trends and aging of population; needs and quality of life of elderly people in the local community; social protection of elderly people in the local community - a modern sustainable integrated model in Temerin and beyond; possible directions for the development of long-term care and protection in the local community; importance, challenges and risks of sustainability of social services in the community. Aging population and its increasing in the population requires a new strategic planning, professions and profiles, programs and services, housing for the elderly and other possible directions of action and activities in the local community. .

scholarly journals Escalation of global risks and threats in a pandemic condition: financial and macroeconomic aspects

2021 ◽  
Vol 2021 (10) ◽  
pp. 20-27
Author(s):  
Tamara PANFILOVA ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Trade ◽  
Global Economy ◽  
Social Protection ◽  
Global Risk ◽  
Goods And Services ◽  
Socio Economic Development ◽  
Economic Landscape

Potentially threatening phenomena on the way to stabilizing and overcoming depressive trends in the global economy in the medium and long term in the context of the COVID-19 pandemic have been identified and systematized, taking into account the identification of areas of global risk. The reformatting of the global socio-economic landscape is substantiated, which is determined by the course of the pandemic, the different rates of decline and recovery of the economic growth in general and in individual industries, the destabilization of public finances, the exacerbation of social protection problems. This is confirmed by the dynamics of international trade in goods and services, the aggravation of the global debt problem. Emphasis is placed on the need to form in each country the anti-crisis potential on a scientifically sound basis in order to counter external and internal threats and stimulate sustainable socio-economic development.

scholarly journals Urbanization, Gender and Economic Growth in the Waemu Zone: Evidence from Pooled Mean Group Estimation

2020 ◽  
Vol 3 (4) ◽  
pp. p47
Author(s):  
Prao Yao Seraphin
Keyword(s):  
Economic Growth ◽  
Social Protection ◽  
Labour Force ◽  
The Elderly ◽  
Added Value ◽  
Positive Contribution ◽  
Pooled Mean Group ◽  
The World Bank ◽  
Using Data

This study empirically analyses the influence of urbanization and the participation of men and women in the labour force on economic growth in the countries of the West African Economic and Monetary Union (WAEMU). Using data from the World Bank (2017) on the member States between 1990 and 2016, we show from Pesaran’s PMG estimator, Shin and Smith (1999) that in the short term, youth and women are very useful for economic growth. In the long term, urbanization, industrial added value and the elderly make a positive contribution to economic growth. The study urges governments to create better living conditions by ensuring adequate income levels and care, i.e., public policies should aim to increase employment, establish or improve social protection, social integration, health and the fight against discrimination.

Globalisation and Equity Issues in Post-socialist Transition Economies

2004 ◽  
Vol 54 (3) ◽  
pp. 273-296
Author(s):  
G. W. Kolodko
Keyword(s):  
Transition Economies ◽  
World Market ◽  
Early Years ◽  
Standard Of Living ◽  
Social Constraints ◽  
Significant Shift ◽  
Equity Issues ◽  
Goods And Services ◽  
The Rich

Equity issues in policymaking are difficult to resolve because they are linked not only to the economic situation but also to social constraints and political conflicts within a country. This is even more true in the case of post-socialist economies during their transition to a market system in the era of globalisation. The historical and irreversible process of liberalisation and integration of capital, goods and services, and labour markets into one world market, as well as the gradual construction of new institutions and the process of privatisation cause a significant shift in the income pattern of post-socialist emerging markets. Contrary to expectations, inequality increases affecting the standard of living and long-term growth. While globalisation contributes to the long-term acceleration of economic growth and offers a chance for many countries and regions to catch up with more advanced economies, it results in growing inequality both between the countries and within them. On average, the standard of living increases, but so does the gap between the rich and the poor. Therefore, equality issues should always be of concern to policymakers, especially in the early years of the change of regime in post-socialist transition economies.

Macroeconomic Factors and Pakistani Equity Market”

2004 ◽  
Vol 43 (4II) ◽  
pp. 619-637 ◽  
Author(s):  
Muhammad Nishat ◽  
Rozina Shaheen
Keyword(s):  
Stock Market ◽  
Industrial Production ◽  
Stock Prices ◽  
Stock Price ◽  
Consumer Price Index ◽  
Reverse Causality ◽  
Macroeconomic Factors ◽  
Macroeconomic Variables ◽  
Equilibrium Relationships

This paper analyzes long-term equilibrium relationships between a group of macroeconomic variables and the Karachi Stock Exchange Index. The macroeconomic variables are represented by the industrial production index, the consumer price index, M1, and the value of an investment earning the money market rate. We employ a vector error correction model to explore such relationships during 1973:1 to 2004:4. We found that these five variables are cointegrated and two long-term equilibrium relationships exist among these variables. Our results indicated a "causal" relationship between the stock market and the economy. Analysis of our results indicates that industrial production is the largest positive determinant of Pakistani stock prices, while inflation is the largest negative determinant of stock prices in Pakistan. We found that while macroeconomic variables Granger-caused stock price movements, the reverse causality was observed in case of industrial production and stock prices. Furthermore, we found that statistically significant lag lengths between fluctuations in the stock market and changes in the real economy are relatively short.

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