May 2018

27May

Long-Run Trends in the Economic Activity of Older People in the UK

By James W. Banks (Institute for Fiscal Studies; University of Manchester), Carl Emmerson (Institute for Fiscal Studies (IFS)) & Gemma Tetlow (Institute for Fiscal Studies (IFS)) We document employment rates of older men and women in the UK over the last forty years. In both cases growth in employment since the mid 1990s has been stronger than for younger age groups. On average, older men are still less likely to be in work than they were in the mid 1970s...

May 27, 2018
Aging, Articles, Labor Market, ,
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21May

The Aging Population and the Competitiveness of Cities: Benefits to the Urban Economy

By Peter Karl Kresl,‎ Daniele Ietri While much of the current literature on the economic consequences of an aging population focuses on the negative aspects, this enlightening book argues that seniors can bring significant benefits – such as vitality and competitiveness – to an urban economy.The authors illustrate the ways an aging population can have a positive impact on urban centers, including the move by large numbers of seniors from the suburbs to the city, where their disproportionate consumption of...

May 21, 2018
Aging, Books, Labor Market
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21May

Population Aging: The Transformation of Societies

By Donald T. Rowland Population Aging: The Transformation of Societies presents an overview and international comparison of the causes, consequences and policy implications of one of the major processes of change in contemporary societies. It provides a foundation for understanding and reflecting on key demographic and social trends, together with related theoretical and policy frameworks that are important in explaining changes and designing informed responses. With particular reference to countries that have the oldest or largest aged populations, the book...

May 21, 2018
Aging, Books, System Sustainability,
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14May

As the World Ages: Rethinking a Demographic Crisis

By Kavita Sivaramakrishnan Sivaramakrishnan People are living longer, creating an unexpected boom in the elderly population. Longevity is increasing not only in wealthy countries but in developing nations as well. In response, many policy makers and scholars are preparing for a global crisis of aging. But for too long, Western experts have conceived of aging as a universal predicament—one that supposedly provokes the same welfare concerns in every context. In the twenty-first century, Kavita Sivaramakrishnan writes, we must embrace a...

May 14, 2018
Aging, Books, System Sustainability, ,
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07May

Poverty in Retirement: The Long-Term Impact of Rising Economic Inequality

By David W. Rasmussen (Pepper Institute on Aging and Public Policy) Income inequality is exacerbated by labor market trends that increase the demand for high skill occupations and those in low skill service occupations. This hollowing out of the middle of the income distribution means that an increasing portion of households will be less prepared for retirement as they approach age 65: they will have saved less, have diminished access to define benefit pension plans, and face smaller social security...

May 7, 2018
Aging, Articles, Labor Market,
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April 2018

23Apr

Healthy Ageing: A Capability Approach to Inclusive Policy and Practice

By Christine Stephens &‎ Mary Breheny What does it mean to age well? This important new book redefines what ‘successful’ aging means, challenging the idea that physical health is the only criteria to gauge the aging process, and that an aging population is necessarily a burden upon society. Using Sen’s Capabilities Approach as a theoretical starting point Healthy Ageing: A Capability Approach to Inclusive Policy and Practice outlines a nuanced perspective that transcends the purely biomedical view, recognising ideas of resilience,...

April 23, 2018
Aging, Books, Labor Market,
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23Apr

Organizing Old Age Pensions for India’s Informal Workers: A Case Study of a Sector-Driven Approach

By M.R. Narayana (University of Mysore) About 88 percent of India’s total labor force is composed of informal (officially labeled “unorganized”) workers. As many as 388 million such workers lack old age income security by way of a pension system. The Atal Pension Yojana (APY) is the latest contributory, national-level old age pension scheme for unorganized workers, with an entry age of 18–40 years. In other words, all current unorganized workers above the age of 40 are excluded. How could...

April 23, 2018
Aging, Articles, Labor Market, Pension design, , ,
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23Apr

Organizing Old Age Pensions for India's Informal Workers: A Case Study of a Sector-Driven Approach

By M.R. Narayana (University of Mysore) About 88 percent of India’s total labor force is composed of informal (officially labeled “unorganized”) workers. As many as 388 million such workers lack old age income security by way of a pension system. The Atal Pension Yojana (APY) is the latest contributory, national-level old age pension scheme for unorganized workers, with an entry age of 18–40 years. In other words, all current unorganized workers above the age of 40 are excluded. How could...

April 23, 2018
Aging, Articles, Labor Market, Pension design, , ,
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15Apr

On Welfare Effects of Increasing Retirement Age

By Krzysztof Makarski (National Bank of Poland; Warsaw School of Economics (SGH)) & Joanna Tyrowicz (National Bank of Poland; University of Warsaw) We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional). We show that, initially, in both types of pension system schemes...

April 15, 2018
Aging, Articles, Labor Market, , ,
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09Apr

The Relation Between the Migration, Population Aging, Labor Force Productivity and Economic Growth: An Analysis for Bulgaria

By Hamit Can (Technical University of Sofia) & Venelin Terziev (Vasil Levski National Military University; University of Ruse) In this study, the relationship between population, elderly population and economic growth is analyzed theoretically, taking into account the demographic change of the Bulgarian population and the more aging phenomenon. Thus, the change in the age structure of the Bulgarian population was investigated and the factors affecting the growth of the relationship between economic growth were investigated. Developed countries are trying to...

April 9, 2018
Aging, Articles, Labor Market, System Sustainability, ,
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