This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model embodying social transfers (health care and pension expenditures) and changes in longevity to determine the level of household savings. From this model, we derived an econometric...

Social institutions face many challenges. The recent economic crisis has provided a stress test as it has left a legacy of high unemployment and high government debt in many countries. It also lowered potential output and thus the revenue base for social protection schemes. At the same time,...

Entrepreneurs are hailed as economic heroes and drivers of job growth. Yet in analysis of Current Population Survey data of U.S. residents between the ages of 50 and 64, this study demonstrates that entrepreneurs disproportionately lack health insurance and workplace retirement savings program...

This paper explores a notional defined contribution (NDC) approach aimed at helping pensioners to cope with the cost of long-term care (LTC). It develops the necessary technicalities to fully integrate an LTC benefit, graded according to the annuitant's degree of disability, into a generic NDC...

This study aimed to estimate the work capacity of older Indonesians based on their health condition and other characteristics. Two analytic methods were used in this analysis-the Milligan-Wise method and the Cutler-Meara- Richards-Shubik method-and they found relatively small and substantial...

A problem that faces many countries including the United States is how to finance retirement consumption as the population ages. Proposals for switching to a saving-for-retirement system that does not rely on high payroll taxes have been challenged on the grounds that welfare would fall for some...

In their recent paper, Boldrin and Montes (2005) analyze the "return on human capital investment" theory and show that if borrowing for education is not possible, then a combined public education and pension system that uses lump sum taxes and transfers can replicate the first-best decentralized...

This article argues that time has come to move forward from the study of ageism, and the promotion of "active aging" policies, into the development of new ideology of age and aging: AGEIVISM. The article tries to define "ageivism" and to provide foundations for the argument

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...

Asia as a whole is experiencing a rapid demographic transition toward older populations, though different countries are at different stages of this region wide trend. We document Asia's aging population, describe the region's old-age support systems, and highlight the regional socioeconomic...