Human capital and deferred compensation might explain why firms employ but do nothire older workers. Adjustments of wage-tenure profiles for older new entrants areexplored in the context of deferred compensation. From an equity theory perspective,such adjustments might lead to adverse incentive...

There are two overriding problems faced by ageing societies. One is the financing of public pension (social security in US terms) programmes. The other is paying for healthcare. This paper considers the healthcare issue briefly, emphasising that the issue arises primarily because of advances in...

Using a model with endogenous growth and overlapping generations as its base, this paper analyzes the relationship between the ageing of the population and the rate of economic growth in an open economy. The results suggest that population ageing can decrease the economic growth rate in the long...

El propósito de este artículo es, por un lado, analizar las peculiaridades del consumo de la tercera edad en España y, por otro, elaborar un verdadero índice del coste de la vida propio de este colectivo. Con este fin, proponemos un modelo de gasto, sólidamente fundamentado. Los resultados...

This paper presents a dynamic model of labor/leisure, consumption/saving and annuity decisions over the life cycle. Such a dynamic model provides a framework for considering important policy experiments related to the reforms in Social Security. We address the role of labor supply in a life cyle...

Information about mortality by socioeconomic group is not available for the whole German population due to especially strict data protection laws. Existing knowledge mostly originates from sample surveys. The present study aims at closing a part of this gap by estimating mortality of a core part...

The economic, social, and political challenges posed by the aging of the population are real in many nations, under virtually any set of assumptions about the future. However, cross-national data on health spending on the elderly, to be presented in the following section, suggest that in health...

The authors analyze in three steps the influence of the projected mortality decline on the long-run finances of the Social Security System. First, mortality decline adds person years of life which are distributed across the life cycle. The interaction of this distribution with the age...

Ce papier propose une revue synthétique du lien entre vieillissement, capacités cognitives, productivité et employabilité des seniors. Il s’agit notamment d’analyser comment les changements technologiques et organisationnels observés sur les dix dernières années — largement...