Estimating the effect of projected household composition change on production in Scotland

J. H. L. Dewhurst

    Research output: Working paperDiscussion paper

    142 Downloads (Pure)

    Abstract

    In this paper attention is directed at the effects of the ageing of the Scottish population. Expenditure patterns vary with the average age of household members Data from Family Spending is used to disaggregate the household column of the Scottish input-output table into three sub-sectors (a) Younger households (Age of head of household less than 65), (b) Mature households (Age of head of household between 65 and 74) and (c) Older households (Age of head of household 75 or more). A comparison of the published Type II multipliers with those using the disaggregated household sector is made. The second part of the paper uses household projections produced by the Registrar General for Scotland to forecast the relative changes that might be expected (ceteris paribus) in the three household expenditure columns. Alterations in the relative frequency of each type of household will have implications for individual industries. Holding total income constant, an increase in older households and a decrease in younger households would increase final demand for some commodities and lower it for others. Given the implicit multiplier effects, the industries that are relatively advantaged by the demographic change are identified.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 2006

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.186
    ISSN (Print)1473-236X

    Fingerprint

    effect
    household
    household expenditure
    industry
    commodity
    expenditure
    income
    young
    forecast
    demand
    family
    comparison

    Keywords

    • Input-output
    • Household projections
    • Scottish economy

    Cite this

    Dewhurst, J. H. L. (2006). Estimating the effect of projected household composition change on production in Scotland. (Dundee Discussion Papers in Economics; No. 186). University of Dundee.
    Dewhurst, J. H. L. / Estimating the effect of projected household composition change on production in Scotland. University of Dundee, 2006. (Dundee Discussion Papers in Economics; 186).
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    Dewhurst, JHL 2006 'Estimating the effect of projected household composition change on production in Scotland' Dundee Discussion Papers in Economics, no. 186, University of Dundee.

    Estimating the effect of projected household composition change on production in Scotland. / Dewhurst, J. H. L.

    University of Dundee, 2006. (Dundee Discussion Papers in Economics; No. 186).

    Research output: Working paperDiscussion paper

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    T1 - Estimating the effect of projected household composition change on production in Scotland

    AU - Dewhurst, J. H. L.

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    N2 - In this paper attention is directed at the effects of the ageing of the Scottish population. Expenditure patterns vary with the average age of household members Data from Family Spending is used to disaggregate the household column of the Scottish input-output table into three sub-sectors (a) Younger households (Age of head of household less than 65), (b) Mature households (Age of head of household between 65 and 74) and (c) Older households (Age of head of household 75 or more). A comparison of the published Type II multipliers with those using the disaggregated household sector is made. The second part of the paper uses household projections produced by the Registrar General for Scotland to forecast the relative changes that might be expected (ceteris paribus) in the three household expenditure columns. Alterations in the relative frequency of each type of household will have implications for individual industries. Holding total income constant, an increase in older households and a decrease in younger households would increase final demand for some commodities and lower it for others. Given the implicit multiplier effects, the industries that are relatively advantaged by the demographic change are identified.

    AB - In this paper attention is directed at the effects of the ageing of the Scottish population. Expenditure patterns vary with the average age of household members Data from Family Spending is used to disaggregate the household column of the Scottish input-output table into three sub-sectors (a) Younger households (Age of head of household less than 65), (b) Mature households (Age of head of household between 65 and 74) and (c) Older households (Age of head of household 75 or more). A comparison of the published Type II multipliers with those using the disaggregated household sector is made. The second part of the paper uses household projections produced by the Registrar General for Scotland to forecast the relative changes that might be expected (ceteris paribus) in the three household expenditure columns. Alterations in the relative frequency of each type of household will have implications for individual industries. Holding total income constant, an increase in older households and a decrease in younger households would increase final demand for some commodities and lower it for others. Given the implicit multiplier effects, the industries that are relatively advantaged by the demographic change are identified.

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    Dewhurst JHL. Estimating the effect of projected household composition change on production in Scotland. University of Dundee. 2006. (Dundee Discussion Papers in Economics; 186).