scholarly journals Should America Save for its Old Age? Population Aging, National Saving, and Fiscal Policy

Author(s):  
Douglas W. Elmendorf ◽  
Louise Sheiner

2000 ◽  
Vol 2000 (03) ◽  
pp. 1-49
Author(s):  
Douglas W. Elmendorf ◽  
◽  
Louise Sheiner


2000 ◽  
Vol 14 (3) ◽  
pp. 57-74 ◽  
Author(s):  
Douglas W Elmendorf ◽  
Louise M Sheiner

We examine whether the aging of the U.S. population adds force to traditional arguments for boosting national saving and conclude--perhaps surprisingly--that it may not. Aging boosts the demands on future resources, but it also changes the rate of return the U.S. economy can expect from saving. We find that the net effect on desired saving is small: some specifications imply that present consumption should fall by a fraction of 1 percent; others imply that consumption should actually increase. Thus, it is optimal to allow future cohorts to bear much/all of the burden of population aging.





Author(s):  
Sandra Torres

This chapter aims to introduce ethnicity scholars to the societal challenge that is population aging, and social gerontologists to the challenges posed by the globalisation of international migration, and bytransnationalism. As such, this chapter aims to give the audiences that this book addresses a common ground from which future dialogues can be set in motion. It is, after all, these societal challenges that are at the core of the growing interest on the intersection of ethnicity/ race and ageing/ old age. This chapter argues also that one of the reasons why we should engage in the imaginative phase of discovery that theorising entails is that greater diversity can now be found in the older segments of our population and the scholarship in focus in this book needs to become more ethnicity/ race-astute.



2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S749-S749
Author(s):  
Helene H Fung

Abstract With population aging, many people can expect to spend 30 or more years in old age. The five papers included in this symposium aim at shedding light on whether and how to make plans for old age, using data from the “Aging as Future” Project. First, Park and Hess used data spanning across adulthood from Germany, Hong Kong and the USA to examine how changes experienced in domains of functioning and the importance attached to these domains influenced preparations for old age. Next, de Paula Couto and Rothermund, examining Germans aged 40-90 years, pointed out that prescriptive age stereotypes might be the main drive for why people make preparations for age-related changes. The remaining three papers use qualitative data to qualify the above quantitative findings. Adamson and Ekerdt interviewed older Midwest US residents. They observed that SES greatly impacted how older adults perceived and made plans for their future. The final two papers examined how rural vs. urban contexts might affect preparations for future. Liou interviewed older adults in rural Tainan and found that their ideal old age was one about no future preparation, at least not about making plans for themselves (called “tranquil life”). Ho and colleagues, in contrast, found that for older Chinese residing in urban Hong Kong, not preparing for the future (called “time freeze”) was negatively related to physical and psychological well-being. The symposium will end with an overall discussion on future research directions on whether and how to make plans for old age.



REVISTA PLURI ◽  
2020 ◽  
Vol 1 (3) ◽  
pp. 123
Author(s):  
Geni Emília De Souza

Este estudo tem por objetivo discorrer a respeito do que seja envelhecer com qualidade de vida, mostrar como é possível encarar a velhice e destacar que o envelhecimento populacional e aumento da longevidade são fenômenos que vêm ocorrendo mundialmente. Tendo em vista este cenário, objetiva-se ainda ressaltar os desafios da atuação do Serviço Social na defesa dos direitos da terceira idade, bem como identificar alguns dos direitos sociais dos idosos que não são efetivados. Desta forma, a velhice é analisada, neste trabalho, como construção social nas diversas sociedades, levando em consideração que o processo de efetivação dos direitos das pessoas consideradas idosas está intrinsicamente relacionado com a história social e política do país. A questão social, como resultado da relação capital/trabalho, o neoliberalismo e as condições de trabalho do Assistente Social são analisados como desafios para o Serviço Social que lida diretamente com a tentativa de efetivação dos direitos sociais, por meio de políticas públicas. Os direitos sociais são abordados como resultantes das lutas que os homens travam historicamente por sua emancipação.Palavras-Chave: Direitos Sociais; Envelhecimento; Longevidade; Questão Social; Serviço Social.AbstractThis study aims to discuss what it means to grow old with quality of life, to show how it is possible to face old age and to highlight that population aging and increased longevity are phenomena that have been occurring worldwide. In view of this scenario, the objective is also to highlight the challenges of the work of Social Work in the defense of the rights of the elderly, as well as to identify some of the social rights of the elderly that are not enforced. Thus, old age is analyzed, in this work, as a social construction in different societies, taking into account that the process of realizing the rights of people considered elderly is intrinsically related to the social and political history of the country. The social question, as a result of the capital/work relationship, neoliberalism and the working conditions of the Social Worker are analyzed as challenges for Social Work that deals directly with the attempt to enforce social rights, through public policies. Social rights are addressed as a result of the struggles that men have historically fought for their emancipation.Keywords: Social Rights; Aging; Longevity; Social question; Social Service.



Author(s):  
Xiang Li ◽  
Xindong Zhao ◽  
◽  

Based on the method of unidirectional causality measure, this paper analyzes the long-term and short-term dynamic effects and causality between China’s population aging and technological innovation. According to the empirical results, first, the aging of the population will eventually have a continuous long-term impact, although it has little effect on the technology innovation in the short term. Second, when compared with the old-age dependency ratio, the child-raising ratio has a remarkable unidirectional causal effect on the technological innovation in the short term. Third, when compared with the old-age dependency ratio, the total dependency ratio has a stronger impact on the scientific and technological innovation ability, which is a long-term effect. The finding indicates that the elderly population and the children’s population have a continuous impact on China’s scientific and technological innovation, that is, the increase in social support burden affects the technological innovation for a long time.



2019 ◽  
Vol 32 (5-6) ◽  
pp. 340-351 ◽  
Author(s):  
Arun Balachandran ◽  
Joop de Beer ◽  
K. S. James ◽  
Leo van Wissen ◽  
Fanny Janssen

Objective: We compare population aging in Europe and Asia using a measure that is both consistent over time and appropriate for cross-country comparison. Method: Sanderson and Scherbov proposed to estimate the old-age threshold by the age at which the remaining life expectancy (RLE) equals 15 years. We propose an adjustment of this measure, taking into account cross-national differences in the exceptionality of reaching that age. Results: Our old-age threshold was lower than 65 years in 2012 in Central Asia, Southern Asia, Southeastern Asia, and many Eastern European countries. These populations also experienced a higher share of elderly compared with the RLE15 method. Our method revealed more geographical diversity in the shares of elderly. Both methods exhibited similar time trends for the old-age thresholds and the shares of elderly. Discussion: Our prospective and comparative measure reveals higher population aging estimates in most Asian and Eastern European countries and more diversity in aging.



2019 ◽  
Vol 26 (91) ◽  
pp. 729-749
Author(s):  
Fernanda Veríssimo Soulé

Abstract The financialization of the economy has been extensively studied in economic and organizational sociology. This literature focuses on changes in organizations associated to the shareholder value culture and on how financialization influences several domains of life. Based on the literature from this broad scope of social impacts of financialization and on sociological approaches to old age, this paper analyzes the predominant conceptions of old age diffused by the Brazilian business press in the context of increasing longevity of the population and their relation with the emergence of the financialized economy in Brazil. To address the issue, we carried out a content analysis of the 636 issues of Exame, the main Brazilian business magazine, comprising the period from 1990 to 2014. A corpus of 230 articles was then selected and systematically assessed. The results were analyzed combining ideas from the Reflexive Sociology of Bourdieu and the Pragmatic Sociology of Boltanski. Four ideas or aspects prevailed in the material assessed: i.) planning for retirement; ii.) rationalized life and financial approach to old age; iii.) population aging and its micro and macroeconomic impacts, and; iv.) generational demarcation and disputes in organizations. Economic logic was dominant, reflecting in more or less explicit proposals of a financial model to frame life.



2020 ◽  
Vol 1 (4) ◽  
pp. 138-158
Author(s):  
Abubakar Yakubu

A renewed look at informal social protection may offer an effective option for addressing vulnerability among elderly Nigerians. This follows the need to overcome both current, and potential challenges in elder vulnerability, related to population aging. The main argument posed by this article is that, social protection in Nigeria has traditionally ignored the elderly, right from its colonial roots. Subsequent governments have also ignored the elderly in social policy, and social protection programmes. As a result, social vulnerability seems synonymous with old age among Nigerians. This article maintains that, as a phenomenon that requires attention, elderly vulnerability in relation to population aging, can be approached by strengthening informal social protection. Importantly, where necessary, a synergy should be innovated between formal and informal social protection systems. The framework for analysis was sourced from aging and modernization theory. The integration of these perspectives explains why formal social protection has rendered the elderly in Nigeria more vulnerable. The framework also justified the need for resorting to potentialities, within informal social protection. It was highlighted that, informal social protection can serve as an option for addressing elderly vulnerability, based on a subjective analysis of the wide range of traditional informal strategies available, within Nigerian communities. However, the analysis was limited to modernization theory, while a wider more comprehensive analysis could be attained by the integration of other theories



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