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Markets and Products for Older People

RN01S08

Wed 26. 8.  16:00 - 17:30
room FA 203

Population Ageing and the Transport Sector – Level and Structure of Household Expenditures for Transport over the Lifecycle

RN01

Aigner-Walder, Birgit (1); Döring, Thomas (2)
1: Carinthia University of Applied Sciences, Austria; 2: Hochschule Darmstadt University of Applied Sciences, Germany

The level as well as the structure of private consumption is influenced by the age pattern of the population. A major part of a household’s budget is spent for the transport sector; in the European Union expenditures of households for transport range directly after those for housing and food and non-alcoholic beverages (Eurostat 2014). Hereby, the purchase of vehicles, costs for the operation of personal transport equipment, as well as expenses for transport services (e.g. public transport) are considered. Within the paper changes in the level as well as structure of consumption in transport are analysed over the lifecycle of a household based on data of European household budget surveys. According to German data and with respect to the changing shares of age cohorts induced by the demographic change the demand of goods and services in the field of transport will lose significance. This is especially true for personal transport expenditures such as the purchase of cars as well as the demand for goods and services related to the use of cars. In contrast, the expenditures for (public) transport services are perceived as relatively stable over the lifecycle of private households (Aigner-Walder/Döring 2014). Therefore, this paper aims to analyse if the reduction in consumption for transport goods and services by age can also be observed in other European countries, and to ask for reasons, as well as potential consequences of the ageing of the population for the transport sector.