Population Ageing and Private Consumption in Italy, 1961-2020 - The paper analyses the relation between demographic trends and private consumption in Italy, with special reference to food consumption. The estimation ofa Qaids demand system it is shown which is the effect ofpopulation ageing on the structure ofprivate consumption, and how such a structure would change after a change in the amount of immigrants. Results indicate that both the level and the structure ofprivate consumption change markedly under different hypotheses about the rate ofimmigration, as the age and structure ofthe population changes. Over the medium term an increase in the number of immigrants seems to be able
to sustain the rate ofgrowth.