Mauro Maria Baldi, Raffaella Coppier, Elisabetta Michetti
{"title":"Driving human capital accumulation. The role of grandparents","authors":"Mauro Maria Baldi, Raffaella Coppier, Elisabetta Michetti","doi":"10.1016/j.jeoa.2025.100598","DOIUrl":"10.1016/j.jeoa.2025.100598","url":null,"abstract":"<div><div>The role of grandparents in the education process of grandchildren is becoming increasingly important, especially in economies experiencing positive human capital growth rates over time. To investigate the main forces driving such a phenomenon and the effect on human capital accumulation and growth, in the present work we propose an overlapping generations model where the time spent by grandparents on grandchildren’s education is endogenously determined to maximize the expected utility associated with the trade-off between leisure time and grandchildren’s education. By combining analytical tools and numerical simulations, our model shows that the more time grandparents spend educating their grandchildren - <em>quantity</em> - and the more educated they are - <em>quality</em> -, the more education is transmitted from older to younger generations, who will have higher levels of human capital, which will generate higher economic growth. Such a mechanism repeats over time, generating virtuous paths that work as drivers of human capital and physical capital growth.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100598"},"PeriodicalIF":2.0,"publicationDate":"2025-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145219506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Lifecycle analysis of the gender gap in paid and unpaid work by household structure","authors":"Gemma Abio , Ció Patxot , Elisenda Rentería , Guadalupe Souto , Tanja Istenič","doi":"10.1016/j.jeoa.2025.100597","DOIUrl":"10.1016/j.jeoa.2025.100597","url":null,"abstract":"<div><div>The paper provides new insights into men and women’s lifetime contributions to the overall economy and societal well-being, taking both market and non-market activities into account. It extends the National Transfer Accounts (NTA) and National Time Transfer Accounts (NTTA) methodologies by including household structure – specifically, partnership and parenthood status – in the analysis. Using Spain as a case study, the results reveal the need to consider family characteristics to fully understand gendered patterns of economic production. Three synthetic indicators are defined that permit new insights concerning the well-documented gender gap. Interestingly, this gap is already present in singles (single women spend more time doing housework), reinforced in childless couples (by the division of labour) and most apparent when children are present. Visible in the indicator of family generosity, the latter dimension also shows the existence of a sizeable ‘parenthood gap’. Addressing both gaps is particularly urgent in the context of accelerated population ageing given the potential implications it holds for fertility, care provision, and intergenerational support.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100597"},"PeriodicalIF":2.0,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145117668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who supports carbon pricing? Older adults’ financial literacy and attitudes toward carbon taxation","authors":"Joelle H. Fong, Yuhao Ba, Zhe Chen","doi":"10.1016/j.jeoa.2025.100595","DOIUrl":"10.1016/j.jeoa.2025.100595","url":null,"abstract":"<div><div>We investigate how financial literacy impacts older adults’ views on carbon taxation and climate fiscal policies. Using a representative survey in Singapore, we find that financially savvy older adults are generally less supportive of climate fiscal policies in that they are less likely to perceive carbon tax as fair or believe that increasing carbon tax will help increase employment. We provide empirical evidence that these relationships are causal. Interestingly also, the negative causal effect of financial knowledge on older adults’ attitudes towards carbon taxes is predominantly driven by their inflation literacy. Those more knowledgeable about inflation have higher awareness that carbon pricing can lead to higher costs of production and costs of living. Other personal factors that shape older adult’s attitudes on carbon taxation include age, marital status, and income. As future cohorts of elderly become more financially literate, communication campaigns on climate change and carbon taxation directed towards older demographic groups are urgently warranted.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100595"},"PeriodicalIF":2.0,"publicationDate":"2025-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trend in length-of-stay in nursing homes: Evidence from the Netherlands","authors":"Peter Alders , Bram Wouterse , Frederik T. Schut","doi":"10.1016/j.jeoa.2025.100596","DOIUrl":"10.1016/j.jeoa.2025.100596","url":null,"abstract":"<div><div>For an accurate prediction of the future demand of nursing home care, adequate insight in the trend in length-of-stay (LOS) in nursing homes is required. Almost no research has been done on the trend in LOS and its determinants. We used individual data on nursing home use for the entire Dutch population combined with information on age, gender, cohabitation, care needs, and date of death. Our final sample consisted of 433,377 individual nursing home admissions over the period 2012 through 2022 in the Netherlands. Although the average age at admission was relatively stable, the age distribution got more dispersed over time, because of a simultaneous increase in the share of relatively young older adults in the older population due to the post-war babyboom and the postponement of nursing home admissions to higher ages at the individual level. Furthermore, relatively more men and older adults with higher care needs were admitted to a nursing home. We performed a survival analysis to calculate the expected LOS. We decomposed the trend in LOS into three partial effects: a demographic effect, an effect due to changes in care needs, and a residual time trend. We found that over a period of 11 years, the LOS decreased with 8 %, from 930 days in 2012 to 853 days in 2022. This downward trend is explained by a combination of population ageing (27 %), an influx of older adults with higher care needs (40 %), and other factors captured by the time trend (32 %).</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100596"},"PeriodicalIF":2.0,"publicationDate":"2025-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145157223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of the increase in social security’s full retirement age on unemployment among older adults","authors":"Halim Yoon","doi":"10.1016/j.jeoa.2025.100594","DOIUrl":"10.1016/j.jeoa.2025.100594","url":null,"abstract":"<div><div>Social Security began to gradually raised the Full Retirement Age (FRA) from 65 to 67 in 2000. While previous research has shown that this reform increased employment and labor supply among older adults, its impact on unemployment among older workers is limited. As employment rises among older individuals, there is an increased risk of facing periods of unemployment at older ages. In addition, people may experience longer unemployment spells if they choose to stay unemployed strategically in order to collect Unemployment Insurance (UI) benefits and delay claiming Social Security. This study uses data from the Current Population Survey (CPS) to examine the effect of raising the FRA on unemployment among older men born between 1932 and 1940. The findings indicate a slight increase in unemployment among cohorts with higher FRAs. However, this increase does not translate into longer unemployment spells. Instead, unemployed individuals aged 62 to 65 in the treated cohorts are more likely to move from unemployment to employment, rather than remaining unemployed or retiring. Moreover, there is no strong evidence of strategic use of UI. The results suggest that individuals subject to greater penalties for early Social Security claiming experience higher unemployment as they stay longer in the labor market, rather than through any strategic effort to collect UI benefits.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100594"},"PeriodicalIF":2.0,"publicationDate":"2025-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144988580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Decomposing longevity: How life expectancy changes around the world","authors":"Martin G. Haas, Uwe Sunde","doi":"10.1016/j.jeoa.2025.100587","DOIUrl":"10.1016/j.jeoa.2025.100587","url":null,"abstract":"<div><div>In economics, most empirical studies of the consequences of changes in longevity focus on life expectancy, without considering other moments of the survival probability distribution. Here, we apply a novel parsimonious parametric and easily implementable decomposition method of variation in longevity based on life table information. We document several empirical facts of longevity changes around the world and their associations with aggregate population dynamics and economic development, and demonstrate that a parametric decomposition of changes in longevity beyond life expectancy can be very useful for various applications.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100587"},"PeriodicalIF":2.0,"publicationDate":"2025-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144724417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The macroeconomic impact of chronic disease in the United Kingdom","authors":"Yannick Schindler , Andrew J. Scott","doi":"10.1016/j.jeoa.2025.100590","DOIUrl":"10.1016/j.jeoa.2025.100590","url":null,"abstract":"<div><div>This paper examines the macroeconomic impact of chronic disease in the United Kingdom (UK). We use individual-level data to estimate how diagnoses of six major diseases affect labor market transitions and combine these with a tractable growth model with age-specific productivity and labor force participation to quantify the impact of chronic disease on UK economic growth. Using a novel machine learning approach to classify National Health Service (NHS) cost data, we also provide new estimates of disease-specific treatment costs. Our findings indicate that a 20% reduction in disease incidence would increase annual GDP by 0.99% after five years and 1.51% after ten years. Most of the gains are due to increased participation in the labor force, especially among workers aged 50 to 65 years. Reductions in mental health conditions and musculoskeletal conditions contribute the most to these effects. Our analysis points to three important features of preventative health policies: (1) the potential welfare gains are substantial and manifest themselves in terms of both improved population health and increased output growth, (2) only around 40% of long-term effects appear after five years, and (3) the 50–65 age group experiences the largest labor force participation gains. This last feature is due to two factors: improved health at those ages prevents transitions into health-related inactivity and a larger share of workers reaches this age band as a result of reduced transitions into inactivity at earlier ages. This compounding effect underscores the importance of targeting prevention efforts at earlier ages.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100590"},"PeriodicalIF":1.9,"publicationDate":"2025-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144670667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Philipp Toussaint, Sebastian Schultis, Stefan Seuffert
{"title":"Navigating demographic challenges: The impact of increasing social contribution rates on tax revenue and distribution","authors":"Philipp Toussaint, Sebastian Schultis, Stefan Seuffert","doi":"10.1016/j.jeoa.2025.100593","DOIUrl":"10.1016/j.jeoa.2025.100593","url":null,"abstract":"<div><div>The demographic transition poses significant fiscal challenges to pay-as-you-go social security systems, particularly in ageing societies like Germany. While extensive research has analyzed the direct effects of demographic change on rising contribution rates, the secondary effects of the income tax system that arise from the deductibility of contributions have received little attention. This study addresses this gap by examining how the tax treatment of social security contributions influences distribution of the demographic burden. Based on detailed microdata from the German Income and Expenditure Survey (EVS) and official income tax statistics, we apply a generational accounting framework to analyze intergenerational redistribution effects. As a secondary finding, we also identify intragenerational redistribution resulting from the tax deductibility of proportional social security contributions under a progressive income tax schedule. Our findings reveal that future generations are disproportionately affected by declining income tax revenues, while current generations benefit from an average tax relief of 47 percent. Moreover, a regressive burden distribution is indicated: individuals in the lowest income quintile face an effective burden of 91 percent, as compared to 62 percent in the top quintile. These results underscore the importance of accounting for indirect tax effects when evaluating the long-term sustainability and equity of social insurance reforms.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100593"},"PeriodicalIF":1.9,"publicationDate":"2025-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144516999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Demographic change, firm costs, and digital transformation","authors":"Gang Qiao , Ruipeng Tan","doi":"10.1016/j.jeoa.2025.100592","DOIUrl":"10.1016/j.jeoa.2025.100592","url":null,"abstract":"<div><div>We investigate the impact of aging on enterprise digital transformation in China. We find that aging significantly inhibits the digitalization level of enterprises. Mechanism analysis shows that aging is unfavorable to the digital transformation of enterprises by raising their labor costs, such as reducing the skilled labor supply, increasing wages and the relative prices of skills, and raising job training expenditure. Heterogeneity analysis shows that the negative impact of aging is more significant for firms facing stronger financing constraints, non-SOE firms, smaller scale firms, labor-intensive firms, and in the manufacturing and high-tech industries.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100592"},"PeriodicalIF":1.9,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144470715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jacob Hutchings , Adriana Lleras-Muney , Joshua Nicholls , Joseph Price , Sven E Wilson
{"title":"Long-run patterns in the spousal correlation of lifespan","authors":"Jacob Hutchings , Adriana Lleras-Muney , Joshua Nicholls , Joseph Price , Sven E Wilson","doi":"10.1016/j.jeoa.2025.100588","DOIUrl":"10.1016/j.jeoa.2025.100588","url":null,"abstract":"<div><div>Abundant research has demonstrated that substantial spousal concordance in health exists across multiple measures and populations and that the magnitude of this association is similar to spousal correlations in education and socioeconomic status. This strong spousal concordance in health results from both sorting in the marriage market and from behavioral and environmental risk factors shared by the couple. In this paper we test the hypothesis that the spousal correlation in lifespan–a summary measure of health–is similarly concordant. We create a new data set to investigate this hypothesis. We link about 15 million couples drawn from the US censuses of 1880–1940 to genealogical data available in family trees to obtain lifespan information for spouses. We document spousal correlations across time and compare spousal correlations in lifespan to opposite-gender sibling correlations in lifespan using a sample of 26 million opposite-gender sibling pairs. Surprisingly, and in contrast to what other health measures show, we find that the spousal lifespan correlation (0.063) is relatively small, though only a little smaller than the sibling correlation (0.076), which captures both genetic and early life environmental risk factors. However, we also find that the spousal correlation roughly doubles in size across cohorts (from around 0.05 for the 1880 birth cohort to 0.10 for the 1920 birth cohort). The fact that the spousal and sibling correlation track each other closely across cohorts suggests a growing importance of local risk factors that are shared by both spouses and siblings in determining lifespan, an interpretation that is also consistent with our other findings which suggest that the duration of marriage also increases spousal correlations. For the last decade, however, the growth in spousal correlation outpaces that of siblings, suggesting either increased assortative mating or an increase in the relative importance of couple-specific risk factors.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"32 ","pages":"Article 100588"},"PeriodicalIF":1.9,"publicationDate":"2025-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144366312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}