Abstract
The past fifteen years have seen the emergence or the re-emergence (Serow, 1975) of concern with the economic consequences of the demographic and social changes implicit in what appear to be more or less permanent changes in the demographic behavior of citizens of industrialized nations. Paramount among these is the sustained levels of low fertility in all such nations (see Serow, 1981 for additional evidence of this) which, coupled with decreases in mortality, have led to substantial aging both over the recent past and into the foreseeable future. This aging has also been accompanied by other behavioral changes — increased divorce and delayed/foregone marriage — all of which have increased the number of households relative to the size of population in industrialized nations.
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Serow, W.J. (1984). The Impact of Population Change on Consumption. In: Steinmann, G. (eds) Economic Consequences of Population Change in Industrialized Countries. Studies in Contemporary Economics, vol 8. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-86478-0_10
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DOI: https://doi.org/10.1007/978-3-642-86478-0_10
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