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001404349 020__ $$a9780262271776
001404349 020__ $$a026227177X
001404349 035__ $$a(OCoLC)923251583
001404349 035__ $$a(OCoLC-P)923251583
001404349 040__ $$aOCoLC-P$$beng$$epn$$cOCoLC-P
001404349 050_4 $$aHQ1061.D56 1996eb
001404349 08204 $$a305.26
001404349 1001_ $$aDisney, Richard.
001404349 24510 $$aCan We Afford to Grow Older?
001404349 260__ $$aCambridge :$$bMIT Press,$$c2015.
001404349 300__ $$a1 online resource (344 pages)
001404349 336__ $$atext$$btxt$$2rdacontent
001404349 337__ $$acomputer$$bc$$2rdamedia
001404349 338__ $$aonline resource$$bcr$$2rdacarrier
001404349 506__ $$aAccess limited to authorized users.
001404349 520__ $$aThe United States Social Security fund is huge and in trouble. The United Kingdom has experimented with the voluntary contracting out of pensions to the private sector. Chile has privatized its public pension system. Australia has adopted a means-tested public pension system. Japan has the earliest retirement age of any advanced economy; it also has the highest rate of labor force participation by elderly men. Can We Afford to Grow Older? provides a comprehensive, up-to-date survey of the implications of population aging in these and other OECD countries relative to a range of specific interrelated issues--Social Security schemes, employer pensions, educational attainment, wage growth and distribution, economic productivity, consumption, savings, retirement, and health care--all within a realistic framework for modeling and discussing policy. International in scope, filled with rich institutional detail, and built on a solid technical foundation, this will be a standard reference on the economic consequences of aging. Richard Disney adopts a "life-cycle" view of the world which recognizes that individuals often make plans with a forward-looking perspective across the stages of childhood, the peak of economic productivity, and retirement. He stresses the existence of overlapping generations and the reality of generational transactions (which include tax and transfer systems, bequests, and charity to the elderly). And he assumes intertemporal optimization as a useful unifying basis for analyzing social security, private pension schemes, lifetime labor-supply decisions, consumption, and saving. Among the surprising conclusions that emerge is that there is no "crisis of aging"--no adverse effect of aging on productivity. And although there are serious crises in pay-as-you-go social insurance programs and in health care, these have little to do with aging. Moreover, the shift in private provision plans away from traditional defined- benefit plans will continue, along with an interest in privatized pensions instead of social security.
001404349 588__ $$aOCLC-licensed vendor bibliographic record.
001404349 650_0 $$aAging$$xEconomic aspects.
001404349 650_0 $$aOlder people$$xEconomic conditions.
001404349 650_0 $$aAge distribution (Demography)
001404349 650_0 $$aOld age pensions.
001404349 653__ $$aECONOMICS/Public Economics
001404349 655_0 $$aElectronic books
001404349 852__ $$bebk$$hProQuest Ebook Central Academic Complete
001404349 85640 $$3ProQuest Ebook Central Academic Complete$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3338435$$zOnline Access
001404349 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001404349 909CO $$ooai:library.usi.edu:471575$$pGLOBAL_SET
001404349 980__ $$aBIB
001404349 980__ $$aEBOOK
001404349 982__ $$aEbook
001404349 983__ $$aOnline