The New Demographic Transition: Most Gains in Life Expectancy Now Realized Late in Life

The share of increases in life expectancy realized after age 65 was only about 20 percent at the beginning of the 20th century for the United States and 16 other countries at comparable stages of development; but that share was close to 80 percent by the dawn of the 21st century, and is almost certa...

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Veröffentlicht in:The Journal of economic perspectives Jg. 26; H. 3; S. 137 - 156
Hauptverfasser: Eggleston, Karen N., Fuchs, Victor R.
Format: Journal Article
Sprache:Englisch
Veröffentlicht: United States American Economic Association 01.07.2012
Schlagworte:
1900-2007
20th century
21st century
Age
Age groups
Baby boomers
Consumption
Demographic change
Demographic transition
Demographic transition theory
Demographic transitions
Demographics
Demographischer Übergang
Demography
Economic theory
Fertility
GDP
Gross Domestic Product
Industrialized nations
Innovation policy
Labor force
Labor force participation
Labor force participation rates
Labour force
Life expectancy
Longevity
Men
Mortality
Participation
Per capita
Population
Public policy
Retirement
Standard of living
Sterblichkeit
Studies
U.S.A
USA
Workforce
Working life
Ältere Menschen
ISSN:0895-3309, 1944-7965
Online-Zugang:Volltext
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Beschreibung
Zusammenfassung:The share of increases in life expectancy realized after age 65 was only about 20 percent at the beginning of the 20th century for the United States and 16 other countries at comparable stages of development; but that share was close to 80 percent by the dawn of the 21st century, and is almost certainly approaching 100 percent asymptotically. This new demographic transition portends a diminished survival effect on working life. For high-income countries at the forefront of the longevity transition, expected lifetime labor force participation as a percent of life expectancy is declining. Innovative policies are needed if societies wish to preserve a positive relationship running from increasing longevity to greater prosperity.
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ISSN:0895-3309
1944-7965
DOI:10.1257/jep.26.3.137