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Growing older and growing technologically backward? Population ageing and high-technology exports of 171 countries The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-09-04 Na Tan, Xiaojun Liang, Liang Chang
This study examines the impact of population ageing on high-technology exports, employing both theoretical and empirical analyses. Using data of 171 countries from 2000 to 2019, we find that higher population ageing significantly reduces a country’s high-technology exports. On average, a country’s high-technology exports decline by 0.5–1.1 percent for every one percent increase in population ageing
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How many people will live and die with serious illness in Ireland to 2040? Estimated needs and costs using microsimulation The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-08-13 Peter May, Charles Normand, Samantha Smith, Frank Moriarty, Mark Ward, Karen Ryan, Bridget M. Johnston, Roman Romero-Ortuno, Rose Anne Kenny, R. Sean Morrison, Bryan Tysinger
As populations age, more people worldwide will live and die with serious illness like cancer, heart disease and dementia. Prior projections of serious illness prevalence and end-of-life care needs have typically used static population-level methods. We estimated future disease prevalence and healthcare costs by applying dynamic microsimulation models to high-quality individual-level panel data on older
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Unravelling hidden inequities in a universal public long-term care system The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-07-09 Joaquim Vidiella-Martin, Helena M. Hernández-Pizarro, Pilar García-Gómez, Guillem López-Casasnovas
We study the socioeconomic horizontal inequity in the allocation of publicly subsidised long-term care (LTC) in Spain, using administrative data from the universe of applicants in Catalonia. We find that, after controlling for needs, cash subsidies for informal care are disproportionately concentrated among wealthier individuals, while the use of formal care services (home care and nursing homes) is
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Aging populations and expenditures on health The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-06-10 Malene Kallestrup-Lamb, Alexander O.K. Marin, Seetha Menon, Jes Søgaard
Aging populations exert upwards pressure on healthcare systems, raising concerns about increasing expenditures on health. This paper reviews the empirical literature on the issue and critically assesses the strengths and weaknesses of the outcomes measured, methodologies used, and the hypotheses tested. While age strongly predicts long-term care expenditure, the time-to-death factor renders the aging
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The impact of ageing on economic dependency in Slovakia: An application of the Slovak national transfer accounts The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-05-21 Štefan Domonkos, Tomáš Domonkos, Miroslava Jánošová
The intergenerational transfer of resources is gaining importance across countries facing population ageing. This paper investigates the economic and budgetary consequences of ageing in the Slovak Republic, which is projected to be one of the fastest ageing polities of the European Union. Using dependency and support indicators derived from the National Transfer Accounts, the quantitative analysis
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Population ageing and public finance burden of dementia: Micro-simulations evaluating risk factors, treatments and comorbidities in Luxembourg The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-05-18 María Noel Pi Alperin, Magali Perquin, Gastón A. Giordana
This paper uses long-term population projections to study the evolution of dementia in Luxembourg through 2070, as well as its impact on public expenditure through healthcare and long-term care. We extend a standard micro-simulation model on health outcomes by adding an algorithm to identify individuals suffering from dementia. This allows us to simulate dementia prevalence among individuals aged 50
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The impact of retirement on health: Empirical evidence from the change in public pensionable age in Japan The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-03-20 Fengming Chen, Midori Wakabayashi, Michio Yuda
The balance between maintaining and enhancing the health, quality of life, and healthy life expectancy of the elderly and their corresponding social costs, including medical and long-term care expenses, is an important policy issue in the context of Japan’s super-aging society. In this paper, we employ individual panel data from the four waves of the to examine how retirement from the labor market
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Part-time employment opportunities and labour supply of older workers The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-03-09 Maciej Albinowski
I investigate the links between the part-time employment opportunities and the labour supply adjustments of older workers, focusing on both the extensive and intensive margins. Utilising data for 30 European countries in the period from 2011 to 2021, I construct a quasi-panel that compares individuals aged 60–64 with those aged 55–59 from five years prior. I find that the employees in sectors offering
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Residential electricity consumption over the demographic transition in the Philippines The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-02-01 Michael R.M. Abrigo, Ma. Kristina P. Ortiz
The global shifts in population age distribution brings about both challenges and opportunities. On the one hand, demographic transitions present an opportunity for sustained economic growth. However, it also poses challenges in meeting future consumption requirements. In this paper, we performed an index decomposition analysis linked with an economic-demographic model to trace how population age structure
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Intergenerational time transfer, retirement and public pensions The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-01-24 Quynh-Nga Nguyen
This paper develops an overlapping generations model with intergenerational transfer of time in the form of grandparenting and pay-as-you-go (PAYG) pension system. The introduction of time transfer allows taking into account child care responsibilities. Under the situation of population ageing, a fall in the fertility rate leads to not only a reduction in contributions to the pension system but also
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The (dynamic) effect of retirement on food purchases The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2024-01-20 Helene Normann Rønnow, Sinne Smed, Inge Tetens
We investigate the potential dynamics in the effect of retirement, on food-at-home purchases and dietary quality in Denmark. We combine Home-scan data with nutritional information and administrative data on retirement, income and health status. The panel contains 497 retiring and 1,471 control households. We estimate the effect of retirement up to 10 years after the date of retirement by using Fixed
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Households’ heterogeneous welfare effects of using home equity for life cycle consumption The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-12-26 Jim Been, Casper van Ewijk, Marike Knoef, Roel Mehlkopf, Sander Muns
Using a life-cycle model and a representative sample of households, we analyze the extent to which using home equity leads to (heterogeneity in) welfare gains over the life cycle. The most policy-feasible option to borrow against 50% of home equity over the life cycle leads to median (average) welfare gains of 7% (11%). However, we find substantial heterogeneity with half of the households facing a
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The fiscal consequences of changing demographic composition: Aging and differential growth across Israel’s three major subpopulations The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-12-20 Kyrill Shraberman, Alexander A. Weinreb
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Intergenerational paid and unpaid labor production and consumption inequality by gender in Mexico The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-21 Iván Mejía-Guevara, María Estela Rivero Fuentes
Prior research on inequality in Mexico has largely centered on income, education, and job status, overlooking the compound impact on gender and generational disparities. This oversight limits our understanding of social mobility dynamics and prospects. This study contributes to this body of research by analyzing labor income and consumption inequalities between 1994 and 2014, incorporating unpaid care
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Investment in human capital by socioeconomic status in Uruguay The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-21 Marisa Bucheli, Cecilia González
The present study uses estimations of the National Accounts system by age and socioeconomic status to analyze inequalities in human capital investment in children. Socioeconomic status is proxied by the household head's education; children are the population under age 21; human capital comprises education and health consumption of National Accounts. The estimates suggest that funding human capital
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Education and South Africa’s waning demographic dividend The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-17 Morné Oosthuizen
South Africa’s demographic dividend is waning, with the vast majority of the positive impact of the dividend estimated to lie in the past. This paper considers improvements in education across the population and the potential impact of such improvements on the demographic dividend using the National Transfer Accounts (NTA) methodology and three sub-groups of the population defined according to educational
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Preference for young workers in mid-career recruiting using online ads for sales jobs: Evidence from Japan The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-15 Mirka Zvedelikova
This study uses an original dataset of online mid-career job ads for full-time sales jobs collected from July 2018 to December 2019 to examine the use of explicit and implied age limits on job applicants and the characteristics of firms that set them. Although Japanese law prohibits age discrimination in employment, several exemptions, such as hiring young workers without prior work experience on regular
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Generational economic dependency in aging Europe: Contribution of education and population changes The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-13 Elisenda Rentería, Guadalupe Souto, Tanja Istenič, Jože Sambt
Europe is experiencing the challenges of aging. However, different evolutions of their dependency ratios are observed, stimulated in many cases by the baby boom generation entering retirement ages. Simultaneously, a huge educational expansion also started in the second half of the 20th century, but at different speeds and levels. Education has been pointed out as a possible solution to offset the impact
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A distributive analysis using Peru’s National Transfer Accounts The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-07 Javier Olivera
National Transfer Accounts (NTAs) provide insights into the effects of ageing on various forms of intergenerational transfers. When these accounts are disaggregated by socioeconomic status (SES) and calculated for at least two different time periods, they offer a powerful tool for understanding changes in economic inequality across age groups and over time. This paper illustrates the application of
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Age and education effects in Singapore’s demographic dividend 1970–2020 The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-10 Eddie Choo, Christopher Gee
Singapore had experienced rapid GDP growth from the period of 1970-2020. This work is adds to the overall contribution in studies understanding the contribution of age and education effects in the demographic dividend for countries, in this case – for a small, rapidly-developing country in Asia that had achieved high-income status. Following Rentería et. al. (2016), we use the Das Gupta decomposition
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The role of educational attainment in production and transfers in the form of unpaid household work The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-11-08 Ema Kelin, Tanja Istenič, Jože Sambt
The paper analyses the role of educational level in unpaid household work by breaking down the age profiles of production and transfers by three educational levels: low, medium, and high. The age profiles of the production and transfers of unpaid household work are presented for eight EU countries: Austria, Bulgaria, France, Hungary, Italy, the Netherlands, Slovenia, and Spain. Results show that time
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Mortality differentials, the racial and ethnic retirement wealth gap, and the COVID-19 Pandemic The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-10-12 Edward N. Wolff
Using the Survey of Consumer Finances, I find that the Black/white gap in standard net worth widened from 1989 to 2019 but narrowed between Hispanics and (non-Hispanic) whites. When the definition of wealth is expanded to incorporate Social Security and defined benefit pension wealth (both the discounted sum of future benefits) to create augmented wealth, the wealth gap is sharply reduced, especially
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Regional institutional quality and territorial equity in LTC provision The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-10-05 Anna Marenzi, Dino Rizzi, Michele Zanette, Francesca Zantomio
We show how regional governments affect the appropriate – in terms of territorial equity – assignment of a national LTC benefit. We analyse the case of Italy, featuring a three-layers setting, where eligibility criteria are defined by the central government (which bears the fiscal cost of transfers), but the assignment decision is taken by regional medical commissions, while applications are activated
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Automation and aging: The impact on older workers in the workforce The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-09-24 Rosa Aisa, Josefina Cabeza, Jorge Martin
Developed countries are seeing advances in automation and, at the same time, their populations are aging. In this paper we examine both phenomena using the delay in retirement age as a nexus. Although automation is freeing workers from repetitive, hard work, older workers feel threatened by new automation advances which generate skill mismatches. Two links are highlighted: First, since skill mismatches
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Age-dependent risk aversion: Re-evaluating fiscal policy impacts of population aging The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-09-07 Phitawat Poonpolkul
The existing literature on fiscal unsustainability in the United States often evaluates three alternative policies: increasing the payroll tax rate, reducing pension benefits, and extending the retirement age. Studies suggest that reducing the replacement rate and increasing the retirement age provide higher welfare for future generations. However, these studies often assume constant risk aversion
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Optimal policies in an ageing society The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-09-06 Richard Jaimes, Ed Westerhout
We analyze optimal social security in an overlapping generations model with demographic change and endogenous retirement. Households choose to spend the second period of their lives in full retirement if the tax rate on labor income exceeds a threshold. This threshold is increasing in life expectancy and decreasing in the fertility rate, which implies that both types of demographic change increase
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The displacement effect of compulsory pension savings on private savings. Evidence from the Netherlands, using pension funds supervisory data The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-08-17 Mauro Mastrogiacomo, Rik Dillingh, Yue Li
We show heterogenous displacement effects of mandatory occupational pension savings on private household wealth for different groups. Richer households in particular show larger displacements. This contributes to explaining why empirical studies often come with different estimates of this effect. We study the case of the Netherlands, where wage employed and self-employed workers are differently exposed
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The replacement rate that maintains income satisfaction through retirement: The question of income-dependence The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-08-07 Julian Schmied
Benchmark replacement rates are commonly used to set up saving plans or to assess retirement preparedness. An open question is whether high earners need the same replacement rate as low earners. In this paper, I apply the GAESE framework, an approach known from the equivalence scale literature, to assess how the replacement rate that maintains income satisfaction through retirement relates to income
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Healthy ageing trends in England between 2002 to 2018: Improving but slowing and unequal The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-07-29 Jonathan Old, Andrew Scott
Growing life expectancy and a rising proportion of older people make the issue of whether cohorts are ageing better a key individual, social and economic issue. Using data from the English Longitudinal Study of Ageing we characterise how frailty develops with age, how this differs across demographic groups, whether more recent cohorts are ageing better and what the key areas of focus for health policy
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Does human capital compensate for population decline? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-07-10 M. Siskova, M. Kuhn, K. Prettner, A. Prskawetz
Fertility rates have been falling persistently over the past 50 years in most rich countries. Simultaneously, the trend of outward migration from poorer to richer countries has been steady. These two forces contributed to population aging, and – in an increasing number of countries – even to population decline. In this paper, we quantify the effect of decreasing fertility on the aggregate human capital
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Instrumental variable estimates of the burden of parental caregiving The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-06-15 Peter Eibich
This study examines the impact of informal care provision for older parents on carer’s health and labour market outcomes in England. I evaluate the validity of previously used instrumental variables for care provision. The results suggest that concerns about the validity of these instruments can be partly mitigated by considering variation in the timing rather than the incidence of informal care provision
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Spending trajectories after age 65 variation by initial wealth The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-06-16 Michael D. Hurd, Susann Rohwedder
There has been extensive research on the importance of saving for retirement and on tools to support the accumulation of retirement wealth. Much less attention has been paid to the decumulation phase, that is, the spending down of wealth following retirement. Understanding the decumulation phase requires information about the spending patterns of older households and how those patterns evolve with
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Assistance benefits and unemployment outflows of the elderly unemployed: The impact of a law change The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-06-09 José M. Arranz, Carlos García-Serrano
This article examines the impact of a law change in benefit rules on the exit of older workers out of the unemployment benefits system. This change occurred in Spain in July 2012, when the age to become eligible for an unlimited unemployment assistance benefit was raised from 52 to 55, reducing the entitlement period to three years for the group of individuals aged 52–54 years who exhausted their unemployment
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Editorial Board The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-06-06
Abstract not available
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What explains different rates of nursing home admissions? Comparing the United States to Denmark and the Netherlands The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-03-30 Judith Bom, Pieter Bakx, Eddy van Doorslaer, Mette Gørtz, Jonathan Skinner
The share of older adults residing in a nursing home is much higher in the Netherlands and Denmark than in the US, while in the US, perhaps surprisingly, individuals are much more likely to be admitted to a nursing home. We explore reasons for the higher US admission rates and aim to understand to what extent these differences are due to (i) differences in the composition of the population aged 65+
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The effect of educational expansion and family change on the sustainability of public and private transfers The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-03-15 Martin Spielauer, Thomas Horvath, Marian Fink, Gemma Abio, Guadalupe Souto, Ció Patxot, Tanja Istenič
This paper examines the impact of aging and related socio-economic trends (educational expansion and changes in family structure) on the sustainability of public and private transfers. For this purpose, recently available disaggregated National Transfer Accounts (NTA) are combined with dynamic microsimulation techniques to build the first dynamic microsimulation model that incorporates NTA accounting
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Editorial Board The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-03-08
Abstract not available
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The impact of social security wealth on the distribution of wealth in the European Union The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-02-03 Marcin Wroński
The ageing of society means that public pension systems are becoming increasingly important. This study evaluates the influence of public pension entitlements on wealth inequality among pensioners. A novel data source - the Eurosystem Household Finance and Consumption Survey – is used to compare the impact of the public pension system on wealth inequality in 19 European countries. Findings indicate
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Population age structure and secular stagnation: Evidence from long run data The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-01-28 Joseph Kopecky
A large literature has reopened the secular stagnation hypothesis, first proposed near the end of the great depression as a warning for anemic growth resulting from long run trends in population aging. In this paper, I explore the relationship between population age structure and growth in: investment, consumption and output, in a long run panel of advanced economies. The evidence is largely consistent
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Aging workforce, wages, and productivity: Do older workers drag productivity down in Korea? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-01-21 Hoolda Kim, Bun Song Lee
Older workers stay longer in the labor market due to increasing life expectancy and retirement age. The aging workforce is perceived to create challenges to the current labor markets including productivity, yet our understanding of how the demographic transition and aging workforce affect the labor market and firms’ productivity is limited. Using the 2007–2019 Korean Workplace Panel Survey, we examine
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Early retired or automatized? Evidence from the survey of health, ageing and retirement in Europe The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-01-24 Pablo Casas, Concepción Román
This paper measures the implications of the automation process in the labour market for the early retirement decisions in 26 European countries. In order to perform the analysis, we use microdata from the Survey of Health, Ageing and Retirement in Europe, occupation-level data on automation degree and automation risk and a technological classification of occupations in 4 terrains. We find that the
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Determinants of early-access to retirement savings: Lessons from the COVID-19 pandemic The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2023-01-12 Hazel Bateman, Loretti I. Dobrescu, Junhao Liu, Ben R. Newell, Susan Thorp
Australian regulations strictly limit early withdrawals from retirement plan accounts. However, in 2020, the Government made otherwise illiquid plan balances temporarily liquid, offering emergency relief during the pandemic. The COVID-19 Early Release Scheme allowed participants in financial hardship easy access to up to $A20,000 of savings over two rounds. We use administrative and survey data from
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Age differences in preferences through the lens of socioemotional selectivity theory The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-12-30 Laura L. Carstensen, Megan E. Reynolds
The ways that individuals experience time, specifically as it relates to prioritizing the present versus the future, have played foundational roles in economics and psychology. Traditionally, both disciplines have viewed individuals’ time preferences as time-independent and stable. In this paper, we examine principles such as time consistency and rational expectations through the lens of socioemotional
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Time to change? Promoting mobility at older ages to support longer working lives The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-12-16 Andrew Aitken, Shruti Singh
Extending working lives has been a major priority across the OECD to mitigate the adverse effects of population ageing and declines in the working-age population. Despite significant increases in labour force participation rates of older workers aged 55–64, a key challenge facing policymakers is to promote retention and job-to-job mobility of older workers. Job stability (as measured by job tenure)
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The economics of longevity – An introduction The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-12-15 Andrew J. Scott
Global life expectancy now stands at 71 years compared with 30 years in 1870. This fact increases the need to understand how we age and how that impacts our economic decision making. It also raises the issue of how we should change our life cycle behaviours, policies and institutions to adapt to these longer lives. The combination of these two factors leads to a very different focus from the traditional
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Working longer and population aging in the U.S.: Why delayed retirement isn’t a practical solution for many The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-12-15 Lisa F. Berkman, Beth C. Truesdale
We argue that if the United States wants to make delayed retirement a healthy reality in the future, policymakers must level the social and economic playing field for young and middle-aged workers. As it stands, precarious working conditions, family caregiving responsibilities, poor health, and age discrimination make it difficult or impossible for many to work into their late 60s and beyond. Investments
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Age, longevity, and preferences The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-12-05 Uwe Sunde
Recent research has uncovered systematic variation in preferences over the life cycle. While most of the research has been devoted to decomposing the effects of age from influences related to cohort membership and time, the role of longevity is still not fully understood. Here, I provide some first evidence for the distinct effects of chronological age, of prospective age in terms of statistical life
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Editorial Board The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-23
Abstract not available
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Public redistribution in Europe: Between generations or income groups? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-20 Bernhard Hammer, Michael Christl, Silvia De Poli
Governments face a potential trade-off between provision for the population in retirement and the support of working-age households with low income. Using EUROMOD-based microdata from 28 countries, we quantify public redistribution to pensioner- and working-age households, distinguishing also by income quartiles. In general, Northern European countries are characterized by a low net redistribution
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Macroeconomic impacts of changes in life expectancy and fertility The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-14 David Miles
This paper analyses economic implications of the different ways in which the population structure of countries becomes older: longer lives and declines in fertility both generate ageing populations but have very different impacts upon the aggregate population. If lower fertility persists populations in many countries will decline. Having reviewed the evidence for this, I consider both why fertility
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Demographics and other constraints on future monetary policy The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-05 Gertjan Vlieghe
I present empirical evidence that we are only about two thirds of the way through a multi-decade demographic transition that is pushing down interest rates, as a higher share of the population moves into a high asset holding stage of their life cycle. I also summarise some new research that links debt, income inequality and wealth inequality, which have additional downward effects on interest rates
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COVID-19 and attitudes towards early withdrawal of pension funds: The role of trust and political ideology The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-08 Fernando López, Guillermo Rosas
In response to the COVID-19 pandemic, the Chilean Congress approved three laws between July 2020 and April 2021 that allowed early withdrawals of pension funds without any eligibility constraints. In this paper, we use nationwide survey data to examine the factors associated with people’s assessments about the suitability of these policies in the context of the pandemic, with a particular focus on
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Therapeutic approaches to treat and prevent age-related diseases through understanding the underlying biological drivers of ageing The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-04 Lynne S. Cox
Demographic shifts in population age pyramids mean that older adults now outnumber young people in many developed nations. Poor health associated with older age presents significant challenges to individuals and societies, not least in spiralling health care costs. Advances in scientific understanding of biological processes that change with age have led to the identification of core hallmarks of ageing
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The Global Roadmap for Healthy Longevity: United States of America National Academy of Medicine Consensus Study Report, 2022 The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-11-02 John E.L. Wong, Linda P. Fried, Victor J. Dzau
In 2019, the United States of America National Academy of Medicine (NAM) charged an international, independent, and multidisciplinary commission with the development of a consensus report: “The Global Roadmap for Healthy Longevity,” to assess the challenges presented by population ageing and make evidence-based recommendations for how these challenges can be translated into opportunities for societies
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Projections to 2025 of the household sector within the Dutch economy The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-25 Jan W. van Tongeren, Arjan Bruil
The Netherlands is faced with an ageing society. This raises concerns about the sustainability of households’ current wellbeing reflected in household disposable income. In this article we aim to analyse the effects of population changes on the difference between labour income and age-specific consumption, defined as the lifecycle deficit in the National Transfer Accounts (NTA). To conduct this analysis
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R(a)ising employment of older individuals The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-17 Johanna Wallenius
The employment rates of older men have risen dramatically since the mid-1990s in a number of developed economies. Nevertheless, the employment rates of men aged 55–64 in many OECD countries remain at or below the levels observed in the mid-1970s, despite substantial improvements in health and longevity. In this review I summarize some of the driving forces behind the dramatic changes in older men’s
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Population aging and house prices: Who are we calling old? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-19 Ye Jin Heo
This paper empirically studies the relationship between population aging and real house prices in 21 OECD countries. I redefine the old-age dependency ratio using the effective retirement age and remaining years to life expectancy to explore the heterogeneous aging effect on real house prices. I find that an increase in the dependency ratio based on remaining years to life expectancy explains a decrease
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Demand for older workers: What do we know? What do we need to learn? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-17 Steven G. Allen
The employment rate for workers 55 and over has been increasing across the world for the last two decades. This creates opportunities for employers to diversify their workforce and retain valuable knowledge and skills, while at the same time posing the challenges of rising labor costs and blocked opportunities for younger workers. This study summarizes the economic tradeoffs facing organizations as
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Does free health insurance improve health care use and labour market outcomes of the elderly in Ghana? The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-17 Frank Darkwah
Affordable access to health care was a challenge for the elderly in Ghana until the introduction of the National Health Insurance Scheme in 2003, where the elderly were exempted from premium payments. The study employs household-level data from the Ghana Living Standard Survey to investigate whether exempting the elderly from health insurance premium payments affects healthcare utilisation and labour
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Medical progress and life cycle choices The Journal of the Economics of Ageing (IF 1.9) Pub Date : 2022-10-17 Holger Strulik
In this paper, I show how medical progress, conceptualized as increasing effectiveness of health spending in reducing health deficits, affects optimal lifetime health behavior and health outcomes. To that end, I set up a stochastic life cycle model with endogenous health and longevity, calibrate it for an average American in the year 2010, and use counterfactual computational experiments to examine