Journal of the Economics of Ageing最新文献

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Population ageing and public finance burden of dementia: Micro-simulations evaluating risk factors, treatments and comorbidities in Luxembourg 人口老龄化与痴呆症的公共财政负担:评估卢森堡风险因素、治疗和并发症的微观模拟
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-05-18 DOI: 10.1016/j.jeoa.2024.100517
María Noel Pi Alperin , Magali Perquin , Gastón A. Giordana
{"title":"Population ageing and public finance burden of dementia: Micro-simulations evaluating risk factors, treatments and comorbidities in Luxembourg","authors":"María Noel Pi Alperin ,&nbsp;Magali Perquin ,&nbsp;Gastón A. Giordana","doi":"10.1016/j.jeoa.2024.100517","DOIUrl":"https://doi.org/10.1016/j.jeoa.2024.100517","url":null,"abstract":"<div><p>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 and more in several scenarios incorporating alternative hypotheses about risk factors, new treatments and comorbidities (including long-run effects of COVID-19). Public health policies reducing stroke and hypertension risk could lower dementia prevalence by 17% and public expenditure on healthcare for dementia patients by a similar amount. A new treatment extending the mild dementia phase could nearly double prevalence and possibly triple the associated healthcare costs. Finally, past exposure to COVID-19 could raise prevalence by 12% to 24% in the medium term and public expenditure on dementia healthcare by 6% to 12%. Public expenditure on long-term care for dementia patients would increase even more, generally doubling by 2070.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"28 ","pages":"Article 100517"},"PeriodicalIF":2.2,"publicationDate":"2024-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141095661","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}
引用次数: 0
The impact of retirement on health: Empirical evidence from the change in public pensionable age in Japan 退休对健康的影响:日本公共养老金领取年龄变化的经验证据
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-03-20 DOI: 10.1016/j.jeoa.2024.100513
Fengming Chen , Midori Wakabayashi , Michio Yuda
{"title":"The impact of retirement on health: Empirical evidence from the change in public pensionable age in Japan","authors":"Fengming Chen ,&nbsp;Midori Wakabayashi ,&nbsp;Michio Yuda","doi":"10.1016/j.jeoa.2024.100513","DOIUrl":"10.1016/j.jeoa.2024.100513","url":null,"abstract":"<div><p>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 <em>Japanese Study of Aging and Retirement</em> to examine how retirement from the labor market affects the health of elderly males. Numerous empirical studies have shown mixed results concerning the causal effect of retirement on health through diverse and complex mechanisms. However, we present several new insights by focusing on the policy change in 2000 of raising the pensionable age for the earnings-related public pension system which completely eliminates pension income after the statutory retirement age for particular cohorts. Our fixed-effects instrumental variable estimation shows that retirement significantly improves oral function and mental health, but it also makes male retirees more susceptible to lifestyle-related diseases. Supplemental results further suggest that a significant increase in dental care utilization would help improve post-retirement oral function.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"28 ","pages":"Article 100513"},"PeriodicalIF":2.2,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212828X24000136/pdfft?md5=65e90933fc1d6d734fa07219b5c83213&pid=1-s2.0-S2212828X24000136-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140282729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Part-time employment opportunities and labour supply of older workers 兼职就业机会和老年工人的劳动力供应
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-03-09 DOI: 10.1016/j.jeoa.2024.100504
Maciej Albinowski
{"title":"Part-time employment opportunities and labour supply of older workers","authors":"Maciej Albinowski","doi":"10.1016/j.jeoa.2024.100504","DOIUrl":"https://doi.org/10.1016/j.jeoa.2024.100504","url":null,"abstract":"<div><p>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 more part-time jobs are more likely to stay in employment, and that the total hours worked by these employees decrease at a slower rate than those of the employees in sectors imposing more rigid hours constraints. These results are most pronounced for women in manual types of occupation, but are significant across almost all examined worker categories. The positive relationship between the part-time employment opportunities and the total hours worked of older employees is robust to various modifications in the empirical setup. However, this relationship is heterogeneous across countries, and is least pronounced in the countries with a high availability of part-time jobs.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"28 ","pages":"Article 100504"},"PeriodicalIF":2.2,"publicationDate":"2024-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140139022","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}
引用次数: 0
Intergenerational time transfer, retirement and public pensions 代际时间转移、退休和公共养老金
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-02-01 DOI: 10.1016/j.jeoa.2024.100502
Quynh-Nga Nguyen
{"title":"Intergenerational time transfer, retirement and public pensions","authors":"Quynh-Nga Nguyen","doi":"10.1016/j.jeoa.2024.100502","DOIUrl":"https://doi.org/10.1016/j.jeoa.2024.100502","url":null,"abstract":"<div><p>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<span>, a fall in the fertility rate leads to not only a reduction in contributions to the pension system but also lower childcare responsibilities that increase life-cycle income. Hence, the impacts of demographic changes on old labour decisions and pensions need to be re-examined. I find that in countries with low fertility rates and small pension systems, a fall in fertility rate reduces working time in old age. Consequently, population ageing due to a lower fertility rate always decreases pensions. On the other hand, for countries with high fertility rates and countries with low fertility rates but large pension systems, a decrease in fertility rate reduces retirement age. In these countries, pensions will increase if retirement is elastic to changes in fertility. In all cases, longer life expectancy increases pensions if retirement is relatively inelastic to changes in longevity.</span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100502"},"PeriodicalIF":2.2,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139652820","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}
引用次数: 0
The (dynamic) effect of retirement on food purchases 退休对食品购买的(动态)影响
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-02-01 DOI: 10.1016/j.jeoa.2024.100501
Helene Normann Rønnow , Sinne Smed , Inge Tetens
{"title":"The (dynamic) effect of retirement on food purchases","authors":"Helene Normann Rønnow ,&nbsp;Sinne Smed ,&nbsp;Inge Tetens","doi":"10.1016/j.jeoa.2024.100501","DOIUrl":"10.1016/j.jeoa.2024.100501","url":null,"abstract":"<div><p>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 Effects with health and wealth proxies, as well as Fixed Effects IV with the ages eligible for retirement as instruments to control for the potential endogeneity of retirement. Based on the Fixed effects results we find that overall dietary quality increase slightly at retirement, but find only minor and mostly insignificant changes in the individual components of the diet. The effects are found to be of the same magnitude, but insignificant in the FE-IV estimation. Hence, there seem to be a small increase in dietary health upon retirement in Denmark. The results for food expenditure and energy consumption are ambiguous. Based on the FE with proxy variables we find indications of long-run adjustments in food expenditures, while energy consumption is immediately affected by retirement, but has no further adjustment. Both effects are insignificant in the FE-IV estimation. The very small changes observed, suggest that dietary behaviour might be governed by habitual behaviour and might also be due to the high income replacement rate at retirement in Denmark.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100501"},"PeriodicalIF":2.2,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212828X2400001X/pdfft?md5=beb143dac54d9e4951e54d8fc708818d&pid=1-s2.0-S2212828X2400001X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139634797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Residential electricity consumption over the demographic transition in the Philippines 菲律宾人口结构转型期的居民用电量
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-02-01 DOI: 10.1016/j.jeoa.2024.100503
Michael R.M. Abrigo , Ma. Kristina P. Ortiz
{"title":"Residential electricity consumption over the demographic transition in the Philippines","authors":"Michael R.M. Abrigo ,&nbsp;Ma. Kristina P. Ortiz","doi":"10.1016/j.jeoa.2024.100503","DOIUrl":"https://doi.org/10.1016/j.jeoa.2024.100503","url":null,"abstract":"<div><p>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<span> linked with an economic-demographic model to trace how population age structure change may affect household electricity demand with the Philippines as a specific case study. Our results show that population ageing has a direct, significant, and persistent effect on residential electricity demand growth. In economies like the Philippines where the elderly consumes more electricity per person relative to younger cohorts, population ageing is expected to raise aggregate electricity demand through sheer compositional accounting effect. But even in economies where average electricity consumption is flat or declining in age, demographic dividends are projected to raise aggregate electricity consumption by expanding electricity access and increasing usage intensity across all age groups through a positive income effect. The permanence and irreversibility of population ageing, and the persistence of economic growth from demographic change may drive continuing growth in the energy sector.</span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100503"},"PeriodicalIF":2.2,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139682665","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}
引用次数: 0
Households’ heterogeneous welfare effects of using home equity for life cycle consumption 家庭利用房屋净值进行生命周期消费的异质性福利效应
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-12-26 DOI: 10.1016/j.jeoa.2023.100499
Jim Been , Casper van Ewijk , Marike Knoef , Roel Mehlkopf , Sander Muns
{"title":"Households’ heterogeneous welfare effects of using home equity for life cycle consumption","authors":"Jim Been ,&nbsp;Casper van Ewijk ,&nbsp;Marike Knoef ,&nbsp;Roel Mehlkopf ,&nbsp;Sander Muns","doi":"10.1016/j.jeoa.2023.100499","DOIUrl":"10.1016/j.jeoa.2023.100499","url":null,"abstract":"<div><p>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 welfare gain between 3% and 13%. Much of this heterogeneity is explained by heterogeneity in households’ income and (housing) wealth and less so by heterogeneity in their demographics or preferences for consumption smoothing and time.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100499"},"PeriodicalIF":2.2,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212828X23000592/pdfft?md5=733bd28248ffc4068b538cd9f3867db2&pid=1-s2.0-S2212828X23000592-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139194156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Retirement and healthcare utilization: Evidence from pension eligibility ages in South Korea 退休与医疗保健的使用:韩国养老金领取资格年龄的证据
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-12-20 DOI: 10.1016/j.jeoa.2023.100498
Byeung-Kuk Oh
{"title":"Retirement and healthcare utilization: Evidence from pension eligibility ages in South Korea","authors":"Byeung-Kuk Oh","doi":"10.1016/j.jeoa.2023.100498","DOIUrl":"10.1016/j.jeoa.2023.100498","url":null,"abstract":"<div><p>This paper investigates how crossing the normal pension eligibility age affects retirement status and healthcare utilization by using the exogenous rule for the public pension benefit and a dataset for the elderly population from South Korea — one of the high-income Asian countries. To overcome selection bias, I rely on a regression discontinuity design<span> (RDD) to compare the outcomes of those barely above and below eligibility age thresholds. By using aggregate measures of healthcare utilization, I find that retirement increases inpatient care utilization, while it has a negative but statistically insignificant effect on outpatient care utilization. These results are qualitatively consistent with the existing evidence in the developing country documenting that retirement positively impacts inpatient care utilization.</span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100498"},"PeriodicalIF":2.2,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139015859","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}
引用次数: 0
The fiscal consequences of changing demographic composition: Aging and differential growth across Israel’s three major subpopulations 人口构成变化的财政后果:以色列三大人口亚群的老龄化和增长差异
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-12-20 DOI: 10.1016/j.jeoa.2023.100500
Kyrill Shraberman, Alexander A. Weinreb
{"title":"The fiscal consequences of changing demographic composition: Aging and differential growth across Israel’s three major subpopulations","authors":"Kyrill Shraberman,&nbsp;Alexander A. Weinreb","doi":"10.1016/j.jeoa.2023.100500","DOIUrl":"10.1016/j.jeoa.2023.100500","url":null,"abstract":"<div><p>Israel’s rapidly growing population comprises three major groups: Israeli Arabs; Haredim, also known as ultraorthodox Jews; and the general population, mainly composed of secular and religious Jews. Each of these has a different demographic and socioeconomic profile, including very different age structures and anticipated growth patterns. Here, we disaggregate Israel’s 2018 national NTA schedule for each of the three subpopulations. We show that as of 2018, collected tax income fell short of public expenditures by 4.9% in the general population, 56.2% in the Arab population, and 66.1% in the Haredi population. The Haredi population was almost fully reliant on public transfers to make up this difference. The low fiscal support ratios (FSRs) in Israel’s Arab and Haredi populations are a direct result of their low employment levels and low-quality employment. We forecast the fiscal consequences of two type of compositional shifts within Israel’s population up to 2050: aging and a rapid increase in the share of Haredi Jews at all ages. These forecasts point to a 12% reduction in Israel’s national fiscal support ratio by 2050, with two-thirds of this caused by aging, and the remainder by the increasing share of Haredim.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100500"},"PeriodicalIF":2.2,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139026341","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}
引用次数: 0
Aging, education and some other implications for the silver dividend in developing countries: Evidence from Brazil 老龄化、教育和其他对发展中国家白银红利的影响:来自巴西的证据
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-11-25 DOI: 10.1016/j.jeoa.2023.100497
Anderson Rocha de Jesus Fernandes , Bernardo Lanza Queiroz
{"title":"Aging, education and some other implications for the silver dividend in developing countries: Evidence from Brazil","authors":"Anderson Rocha de Jesus Fernandes ,&nbsp;Bernardo Lanza Queiroz","doi":"10.1016/j.jeoa.2023.100497","DOIUrl":"https://doi.org/10.1016/j.jeoa.2023.100497","url":null,"abstract":"<div><p><span>Population aging increases dependency levels and can influence the transition from working life to retirement. Changes in population structure have important economic effects, which can be positive when analyzing the impacts of a more educated older labor force but could also impact families and governments. It is important to consider how age and education composition are associated with each other in contexts marked by high levels of </span>inequality. In this paper, we analyze the economic consequences of the aging process in Brazil considering the role of improvements in education and the possibility of the constitution of a silver dividend in the country. We use a series of simulation models, based on the determinants of labor supply and labor income of people aged 45 years and over, to investigate the impacts of changes in the educational composition of the labor force. Our simulations show that the positive association between education, labor supply, and labor income would be more pronounced in scenarios of higher levels of education, labor market stability (high status activities and informality reduction), and changes in retirement rules, specifically the establishment of minimum ages. Such a context would increase the number of older workers and improve productivity, allowing appropriate conditions for the development of a silver dividend in Brazil in a quantitative and a qualitative way.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"27 ","pages":"Article 100497"},"PeriodicalIF":2.2,"publicationDate":"2023-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138474149","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}
引用次数: 0
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