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Ageing, Health, and Productivity
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Ageing, Health, and Productivity: The Economics of Increased Life Expectancy

Pietro Garibaldi, Joaquim Oliveira Martins, and Jan van Ours

Abstract

The increase in life expectancy is arguably the most remarkable by‐product of modern economic growth. In the last 30 years we have been gaining roughly 2.5 years of longevity every decade both in Europe and in the United States. This progress has outpaced the most optimistic scenarios and documented that demographic projections are no more reliable than economic forecasts. This book looks closely into those challenges, raising a few fundamental issues at both the macroeconomic and microeconomic levels. Among these: is it possible to turn the challenges faced by ageing and longevity into a long ... More

Keywords: age, health, productivity, technological progress, economic growth

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199587131
Published to Oxford Scholarship Online: January 2011 DOI:10.1093/acprof:oso/9780199587131.001.0001

Authors

Affiliations are at time of print publication.

Pietro Garibaldi, editor
Professor of Economics, University of Torino, Italy, and Director and Fellow, Collegio Carlo Alberto, Italy
Author Webpage

Joaquim Oliveira Martins, editor
Senior Economist, Economics Department, OECD (Organisation for Economic Co-operation and Development), France

Jan van Ours, editor
Professor of Labour Economics, Tilburg University, The Netherlands, and Professional Fellow, University of Melbourne, Australia

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Contents

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Introduction

Pietro Garibaldi

Part I Health Expenditures, Longevity, and Growth*

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

Introduction

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

1 Transitory vs. Permanent Demographic Shocks: From Ageing to Longevity

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

2 The Growth of Health Expenditures: Ageing vs. Technological Progress

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

3 Preferences towards Health Care: Is Health a Luxury Good?

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

4 Integrating the Different Drivers: Projections of Total Health Expenditures, 2025–2050

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

5 The Impact of Health on Productivity and Growth

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

6 Summary and Policy Discussion

Brigitte Dormont, Joaquim Oliveira Martins, Florian Pelgrin, and Marc Suhrcke

Part II Age and Productivity

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

Introduction

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

7 Setting the Stage

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

8 The Grand View on Age and Productivity

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

9 Age and Absenteeism

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

10 Age and Working Capacity

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

11 Age and Productivity: An Analysis at the Plant and the Team Level

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

12 Conclusions and Policy Implications

Pekka Ilmakunnas, Jan van Ours, Vegard Skirbekk, and Matthias Weiss

End Matter