Ageing, Health, and Productivity

The Economics of Increased Life Expectancy
1. Auflage 2011
ISBN: 978-0-19-958713-1
Verlag: Oxford University Press(UK)

Buch, Englisch, 280 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 587 g

Tackles the issue of increased life expectancy and the impact it has on economies
Presents new theoretical and empirical evidence
Provides insights into the relationship between ageing and productivity
Argues that population ageing can be seen as an opportunity, rather than a burden

Increase in life expectancy is arguably the most remarkable by-product of modern economic growth. In the last 30 years we have gained roughly 2.5 years of longevity every decade, both in Europe and the United States. Successfully managing ageing and longevity over the next twenty years is one of the major structural challenges faced by policy makers in advanced economies, particularly in health spending, social security administration, and labour market institutions. This book looks closely into those challenges and identifies the fundamental issues at both the macroeconomic and microeconomic level.

The first half of the book studies the macroeconomic relationships between health spending, technological progress in medical related sectors, economic growth, and welfare state reforms. In the popular press, longevity and population ageing are typically perceived as a tremendous burden. However, with a proper set of reforms, advanced economies have the option of transforming the enormous challenge posed by longevity into a long term opportunity to boost aggregate outcomes. The basic prerequisite of a healthy ageing scenario is a substantial structural reform in social security and in labour market institutions.

The second part of the book looks closely into the microeconomic relationship between population ageing and productivity, both at the individual and at the firm level. There is surprisingly little research on such key questions. The book contributes to this debate in two ways. It presents a detailed analysis of the determinants of productivity, with a focus on both the long-run historical evolution and the cross sectional changes. It also uses econometric analysis to look into the determinants of the various dimensions of individual productivity. The volume concludes that the complex relationship between population ageing and longevity is not written in stone, and can be modified by properly designed choices.

Zielgruppe

Academics and students interested in health and welfare economics, and labour markets. Political scientists, private health companies, and public health institutions interested in the issue of increased life expectancy.

Autoren/Hrsg.

Garibaldi, Pietro

Ours, Jan Van

Oliveira Martins, Joaquim

van Ours, Jan

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Arbeitsmarkt
• Wirtschaftswissenschaften Volkswirtschaftslehre Gesundheitsökonomie
• Medizin | Veterinärmedizin Medizin | Public Health | Pharmazie | Zahnmedizin Medizin, Gesundheitswesen Public Health, Gesundheitsmanagement, Gesundheitsökonomie, Gesundheitspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wohlfahrtsökonomie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik

Inhaltsverzeichnis

Part I: Health, Expenditure, Longevity and GrowthBrigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin and Marc Suhrcke:
1: Transitory vs. Permanent Demographic Shocks: From Ageing to Longevity
2: The Growth of Health Expenditure: Ageing vs. Technological Progress
3: Preferences Towards Health Care: Is Health a Luxury Good?
4: Integrating the Different Drivers: Projections of Total Health Expenditure 2025-2050
5: The Impact of Health on Productivity and Growth
6: Summary and Policy Discussion
Annex I: Specification of the Utility Function and the Income Elasticity
Annex II: Data Sources and Methods of Health Expenditure Projections
Comments by Axel Boersch-Supan and Vincenzo Galasso
Part II: Age and ProductivityPekka Ilmakunnas, Vegard Skirbekk, Jan van Ours and Matthias Weiss:
7: Introduction - Setting the Stage
8: The Grand View on Age and Productivity
9: Age and Absenteeism
10: Age and Working Capacity
11: Age and Productivity: An Analysis at the Plant and the Team Level
12: Conclusions and Policy Implications
Comments by Enrico Moretti and Etienne Wasmer

Über Autor(innen)

Edited by Pietro Garibaldi, Professor of Economics, University of Torino, Italy, and Director and Fellow, Collegio Carlo Alberto, Italy, Joaquim Oliveira Martins, Senior Economist, Economics Department, OECD (Organisation for Economic Co-operation and Development), France, and Jan van Ours, Professor of Labour Economics, Tilburg University, The Netherlands, and Professional Fellow, University of Melbourne, Australia

Contributors:
Axel Börsch-Supan, University of Mannheim, Germany
Brigitte Dormont, University Paris Dauphine, and CEPREMAP, Paris, France
Pietro Garibaldi, Fondazione Rodolfo DeBenedetti, University of Turin and Collegio Carlo Alberto, Italy
Vincenzo Galasso, Bocconi University and IGIER, Italy
Pekka Ilmakunnas, Helsinki School of Economics, Finland
Enrico Moretti, University of California, Berkeley, USA
Joaquim Oliveira Martins, OECD and Sciences-Po, Paris, France
Florian Pelgrin, Universite du Lausanne, Switzerland
Vegard Skirbekk, IIASA-Institute for Applied Systems Analysis, Austria
Marc Suhrcke, University of East Anglia, UK
Jan van Ours, Tilburg University, The Netherlands
Etienne Wasmer, Sciences-Po, Paris, France
Matthias Weiss, University of Mannheim, Germany