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Journal of the Economics of Ageing最新文献

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When the abundance ends: Economic transformation, population aging, and shrinking lifecycle surplus in China 当丰裕结束：中国的经济转型、人口老龄化和生命周期剩余缩减
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2025-03-01 Epub Date: 2024-12-03 DOI: 10.1016/j.jeoa.2024.100544
Feng Wang , Ke Shen , Yong Cai
{"title":"When the abundance ends: Economic transformation, population aging, and shrinking lifecycle surplus in China","authors":"Feng Wang ,&nbsp;Ke Shen ,&nbsp;Yong Cai","doi":"10.1016/j.jeoa.2024.100544","DOIUrl":"10.1016/j.jeoa.2024.100544","url":null,"abstract":"<div><div>China’s age of abundance, driven by rapid increases in labor income and a favorable population age profile, generated a sizable surplus of historical proportions. Using the National Transfer Accounts (NTA) approach, this study updates results published in this journal a decade ago. It traces changes in labor income and consumption patterns in China in the 2010s, and compares them with those in the decade prior. Our results report significant shifts in income and consumption patterns over the two decades. With economic growth and income increase slowing down, and consumption growth increasing faster than income growth in the second decade of the twenty-first century, the sizable national total of the lifecycle surplus observed in the decade earlier shrank sharply in the 2010s. A decomposition analysis reveals that while the vast majority of shrinking in the national total of the lifecycle surplus is attributable to shifts in income and consumption profiles, demographic changes also played a substantial role. As China exits its age of abundance and as its population ages at an accelerating pace, the national total of lifecycle surplus that came with this age is also quickly diminishing. Our projection exercises show that, combined, the new economic lifecycle patterns and population aging could deplete China’s lifecycle surplus with a decade’s time, a change that poses unforeseen challenges to policymakers and the public alike in China.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"30 ","pages":"Article 100544"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143137661","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
Does high involvement management make you work longer? Insights from linked survey and register data 高参与度管理会让你工作更长时间吗？来自相关调查和注册数据的见解
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2025-03-01 Epub Date: 2025-01-23 DOI: 10.1016/j.jeoa.2025.100549
Petri Böckerman , Alex Bryson , Ilari Ilmakunnas , Pekka Ilmakunnas
{"title":"Does high involvement management make you work longer? Insights from linked survey and register data","authors":"Petri Böckerman ,&nbsp;Alex Bryson ,&nbsp;Ilari Ilmakunnas ,&nbsp;Pekka Ilmakunnas","doi":"10.1016/j.jeoa.2025.100549","DOIUrl":"10.1016/j.jeoa.2025.100549","url":null,"abstract":"<div><div>Management practices that employers implement can influence the utility that workers derive from their jobs significantly, potentially impacting their retirement decisions. Our study is among the first to investigate the effects of different combinations of high involvement management practices on workers’ retirement intentions. By analysing linked survey and register data, we find that information sharing and employer-provided training together, or both combined with teamwork lead to later expected retirement ages among those who are near the official retirement age in Finland.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"30 ","pages":"Article 100549"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143137404","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
Understanding the heterogeneous health effect of retirement by tracking daily activities 通过跟踪日常活动了解退休对健康的异质性影响
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-10-22 DOI: 10.1016/j.jeoa.2024.100535
Yuanrong Xu, Bin Tong
{"title":"Understanding the heterogeneous health effect of retirement by tracking daily activities","authors":"Yuanrong Xu,&nbsp;Bin Tong","doi":"10.1016/j.jeoa.2024.100535","DOIUrl":"10.1016/j.jeoa.2024.100535","url":null,"abstract":"<div><div>This paper estimates the heterogeneous effects of retirement on health and the allocation of time to various activities, utilizing the American Time Use Survey (ATUS) from 2003 to 2019. The early retirement age for Social Security is used as an instrument. The findings reveal distinct outcomes among different demographic groups. Notably, retirement has a positive impact on the health of high-educated women, while yielding non-significant or slight negative effects for other segments of the population. This disparity in health outcomes can be attributed to the role of sedentary activities. High-educated women tend to reduce their engagement in sedentary activities post-retirement, resulting in improved health outcomes, whereas other groups experience a significant increase in such activities. These divergent effects, observed across gender and education levels, provide valuable insights into understanding the mechanism regarding retirement’s impact on health.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100535"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142529919","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 redistribution in a pay-as-you-go pension system 现收现付养老金制度中的代际再分配
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-10-21 DOI: 10.1016/j.jeoa.2024.100534
Jacob Lundberg
{"title":"Intergenerational redistribution in a pay-as-you-go pension system","authors":"Jacob Lundberg","doi":"10.1016/j.jeoa.2024.100534","DOIUrl":"10.1016/j.jeoa.2024.100534","url":null,"abstract":"<div><div>This study provides a comprehensive analysis of the generational wealth transfer within Sweden’s public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings reveal a substantial fiscal imbalance favouring the initial generation (born in the early 20th century), who received a net gain of $1.5 trillion in today’s present value, equivalent to up to 13% of their discounted lifetime income. This windfall for the initial generation resulted in an implicit tax on current workers, accounting for 70% of their pension contributions. However, the study also highlights the effectiveness of Sweden’s 1999 notional defined-contribution pension reform in stabilizing this imbalance. Unlike many international counterparts, Sweden’s reformed system successfully mitigates further generational inequities in the pension system.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100534"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142529918","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
Retirement consumption puzzle in Japan: Insights from pension and senior worker employment policy changes 日本的退休消费之谜：养老金和老年工人就业政策变化的启示
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-10-16 DOI: 10.1016/j.jeoa.2024.100536
Tomoki Kitamura , Yoshimi Adachi
{"title":"Retirement consumption puzzle in Japan: Insights from pension and senior worker employment policy changes","authors":"Tomoki Kitamura ,&nbsp;Yoshimi Adachi","doi":"10.1016/j.jeoa.2024.100536","DOIUrl":"10.1016/j.jeoa.2024.100536","url":null,"abstract":"<div><div>Previous studies in Japan have examined the retirement consumption puzzle (RCP) when mandatory retirement was prevalent. However, the retirement landscape has significantly evolved due to rising public pension ages and enhanced policies promoting employment among senior workers. This study explores household consumption behavior as a result of these recent shifts, particularly focusing on the increasingly common practice of partial retirement. We investigate household consumption during retirement, considering partial retirement enabled by policies allowing continued part-time work or self-employment beyond the mandatory retirement age, and address endogeneity issues between retirement and consumption. Our findings reveal that non-durable and food expenditures increase during partial retirement, driven by liquidity effects from substantial retirement lump-sum payments. These results challenge the traditional understanding of consumption patterns in an aging society, highlighting the impact of changes in work environments.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100536"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142552170","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
Impact of population ageing on the application of industrial robots: Evidence from China 人口老龄化对工业机器人应用的影响：来自中国的证据
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-08-22 DOI: 10.1016/j.jeoa.2024.100529
Yantong Zhao , Rusmawati Said , Normaz Wana Ismail , Asmaddy Haris , Hanny Zurina Hamzah
{"title":"Impact of population ageing on the application of industrial robots: Evidence from China","authors":"Yantong Zhao ,&nbsp;Rusmawati Said ,&nbsp;Normaz Wana Ismail ,&nbsp;Asmaddy Haris ,&nbsp;Hanny Zurina Hamzah","doi":"10.1016/j.jeoa.2024.100529","DOIUrl":"10.1016/j.jeoa.2024.100529","url":null,"abstract":"<div><p>China is experiencing a rise in its ageing population alongside rapid advancements in industrial robotics. Using panel data from China’s industries (2006 to 2021), this study empirically examines the impact of population ageing on the application of industrial robots. The results show that population ageing significantly promotes industrial robot application. The impact of population ageing on the application of industrial robots varies by industry. The promotion effect is greater in low and medium-technology industries than that of high-tech industries. This effect became more evident after 2012. Industries with high state ownership exhibit stronger influence coefficients than those with lower state ownership. Mechanism analysis indicates that population ageing promotes industrial robot adoption through the labour cost substitution effect. These findings offer insights for government policies to promote sustainable ageing and upgrading the manufacturing sector through artificial intelligence represented by the application of robotics.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100529"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142058392","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 populations and expenditures on health 人口老龄化与卫生支出
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-06-10 DOI: 10.1016/j.jeoa.2024.100518
Malene Kallestrup-Lamb , Alexander O.K. Marin , Seetha Menon , Jes Søgaard
{"title":"Aging populations and expenditures on health","authors":"Malene Kallestrup-Lamb ,&nbsp;Alexander O.K. Marin ,&nbsp;Seetha Menon ,&nbsp;Jes Søgaard","doi":"10.1016/j.jeoa.2024.100518","DOIUrl":"10.1016/j.jeoa.2024.100518","url":null,"abstract":"<div><p>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 effect null for hospital care expenditure. Existing literature disagrees on the importance of age and time-to-death effects on prescription drug and ambulatory care costs. Morbidity and medical innovation mediate these effects, proving crucial for aging-related healthcare expenditure growth. We identify several opportunities for future research including gender differences, utilization of emerging methods, and the importance of institutional settings.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100518"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212828X24000185/pdfft?md5=445470ebd05bd30f89da73ef980286e0&pid=1-s2.0-S2212828X24000185-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141396827","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
Unravelling hidden inequities in a universal public long-term care system 揭开全民公共长期护理体系中隐藏的不公平现象
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-07-09 DOI: 10.1016/j.jeoa.2024.100527
Joaquim Vidiella-Martin , Helena M. Hernández-Pizarro , Pilar García-Gómez , Guillem López-Casasnovas
{"title":"Unravelling hidden inequities in a universal public long-term care system","authors":"Joaquim Vidiella-Martin ,&nbsp;Helena M. Hernández-Pizarro ,&nbsp;Pilar García-Gómez ,&nbsp;Guillem López-Casasnovas","doi":"10.1016/j.jeoa.2024.100527","DOIUrl":"10.1016/j.jeoa.2024.100527","url":null,"abstract":"<div><p>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 concentrated among the less well-off. This suggests that cash benefits may inadvertently facilitate access to wealthier individuals’ private care. We also find inequity in the form of provision, with in-kind services being more prevalent among the worse-off while wealthier beneficiaries are more likely to receive vouchers. While this duality in provision does not lead to significant differences in overall time to access LTC, we find that lower-income individuals wait longer for telecare, and wealthier individuals opting for in-kind nursing home care wait longer, suggesting potential differences in preferences or constraints. We find no evidence of socioeconomic inequity in the time spent navigating the administrative application process. Our findings highlight the need for policymakers to consider the potential unintended consequences of cash benefits and different forms of provision to ensure equitable access to LTC services.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100527"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212828X24000276/pdfft?md5=e8c9eaac0a15c7105cb788948076a28f&pid=1-s2.0-S2212828X24000276-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141638197","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
An empirical investigation of health dynamics of elders in China 中国老年人健康动态实证调查
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-09-19 DOI: 10.1016/j.jeoa.2024.100533
Jinning Wang , Kenneth A. Couch
{"title":"An empirical investigation of health dynamics of elders in China","authors":"Jinning Wang ,&nbsp;Kenneth A. Couch","doi":"10.1016/j.jeoa.2024.100533","DOIUrl":"10.1016/j.jeoa.2024.100533","url":null,"abstract":"<div><div>Using data from the China Health and Nutrition Survey (CHNS), an index of health frailty is developed for individuals ages fifty-five and older. The evolution of the Frailty Index with age is first contrasted with self-reports of health. Then the temporal moments of the data are examined by considering the covariance structure of shocks that arrive at different ages with frailty in subsequent years. Then a formal model is estimated that incorporates both age-dependent auto-regressive and transitory components. The covariance structure of frailty is found to be convex in age. Larger shocks arrive as the sample ages but they decline rapidly. The evolutions of shocks beyond a specific age are modestly persistent (auto-regressive). The initial age-dependent transitory shocks become a larger portion of the total health risk as age increases.</div></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100533"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142318708","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
Growing older and growing technologically backward? Population ageing and high-technology exports of 171 countries 年龄增长和技术落后？人口老龄化与 171 个国家的高技术出口
IF 1.9 3区 经济学
Journal of the Economics of Ageing Pub Date : 2024-10-01 Epub Date: 2024-09-04 DOI: 10.1016/j.jeoa.2024.100530
Na Tan , Xiaojun Liang , Liang Chang
{"title":"Growing older and growing technologically backward? Population ageing and high-technology exports of 171 countries","authors":"Na Tan ,&nbsp;Xiaojun Liang ,&nbsp;Liang Chang","doi":"10.1016/j.jeoa.2024.100530","DOIUrl":"10.1016/j.jeoa.2024.100530","url":null,"abstract":"<div><p>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. Moreover, the negative effects of ageing populations on high-technology exports are mitigated in countries with greater utilization of industrial robots, higher digital economy development, and superior institutional quality. The mechanism analysis suggests that population ageing primarily influences high-technology exports through increasing production costs and reducing human capital levels. The results remain valid after applying instrumental variables approaches and exploiting an exogenous policy shock. This paper presents the most comprehensive analysis to date of the relationship between a country’s age structure and its export capacity, with a particular focus on high-technology products.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"29 ","pages":"Article 100530"},"PeriodicalIF":1.9,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142148690","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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