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Centre for Policy on Ageing | |
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| Increasing longevity and the economic value of healthy ageing | | Author(s) | Les Mayhew |
| Corporate Author | Cass Business School, City University London |
| Publisher | City University London, London, 2010 |
| Pages | 69 pp |
| Source | Cass Business School, 106 Bunhill Row, London EC1Y 8TZ. |
| Keywords | Longevity ; Health [elderly] ; Well being ; Employment of older people ; Econometrics. |
| Annotation | Life expectancy is increasing rapidly and will continue to do so in the time horizon of this analysis. The UK population will age rapidly from now on as the old age support ratio (the ratio of adults of working age to the population aged 65+) goes into long-term decline. This report uses a simple economic model to show that poor health and a passive ageing scenario based on current trends could bring economic problems in terms of higher taxes and falling standards of living, especially if long-term increases in wage productivity are not maintained. The worst case is that both gross domestic product (GDP) and GDP per capita could fall; the best case is that both could rise, but for this to happen certain conditions need to be met. One such is that people need to work for longer. This report finds that the implications of demographic changes are significant and should not be underestimated. (RH). |
| Accession Number | CPA-090715202 E |
| Classmark | BGA: CC: D:F:5HH: GC: WE |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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