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Get Aging Nation: The Economics and Politics of Growing Older in PDF

By James H. Schulz

ISBN-10: 027598415X

ISBN-13: 9780275984151

ISBN-10: 0313027455

ISBN-13: 9780313027451

With the approaching retirement of a few seventy six million child Boomers, knowing the industrial, political, and social matters with regards to the getting older inhabitants is paramount. If the doom-and-gloomers have their means, the aged can be placed out to pasture, with insufficient future health care and monetary assets, and a crumbling social welfare approach. In getting older kingdom, renowed specialists within the box, James Schulz and Robert Binstock, agree that there's huge reason for quandary, yet with a number of sound guidelines and courses in position and shrewdpermanent person offerings, the aged can prosper, and a demographic tsunami isn't inevitable. Drawing from the most up-tp-date information, the authors offer in-depth research of the nation's evolving deepest and public regulations on retirement, faltering company pensions, health and wellbeing care, office stipulations, and entitlement courses, and examine such well timed matters as poverty one of the aged, rejoining the crew after retirement, Social protection and future health care reform, and the increase of the aged as a strong political strength. Dispelling renowned myths and misconceptions which are perpetrated by means of politicians and pundits alike, they supply a accomplished and balanced overview of the problems and their impression on everybody, previous and young.Deserving terrible or grasping geezers? the talk rages on. In a interval of big executive deficits and the upcoming retirement of a few seventy six million child Boomers, realizing the commercial, political, and social concerns regarding the getting older inhabitants is paramount. The coverage debates have by no means been extra contentious; they vary from identifying who may still obtain constrained backed housing and clinical providers to the continued conflict over saving Social protection and different entitlement courses. If the doom-and-gloomers have their approach, the aged could be positioned out to pasture, with insufficient well-being care and monetary assets, and a crumbling social welfare infrastructure that may implode below the tension of intergenerational clash. This e-book debunks such a lot getting older crises placed forth by way of retailers of doom and provides a brand new coverage concentration for our nation.In getting older state, popular specialists within the box, James Schulz and Robert Binstock, agree that there's massive reason for difficulty, yet with a number of sound rules and courses in position and clever person offerings, the aged can prosper, and a demographic tsunami isn't inevitable. Drawing from the most up-tp-date facts, the authors offer in-depth research of the nation's evolving inner most and public guidelines on retirement, faltering business enterprise pensions, wellbeing and fitness care, office stipulations, and entitlement courses, and view such well timed concerns as poverty one of the aged, rejoining the crew after retirement, Social protection and wellbeing and fitness care reform, and the increase of the aged as a strong political strength. Dispelling renowned myths and misconceptions which are perpetrated by way of politicians and pundits alike, they supply a finished and balanced evaluation of those concerns and their impression on all people, young and old.

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Additional resources for Aging Nation: The Economics and Politics of Growing Older in America

Sample text

Thus, we find that the United States’ current rate coincides with the rate at which the average number of births results over the long run in a steady (constant) number of people in the population. 1). Here then is the source of the demographic aging of our nation. As eminent demographer Ansley Coale explains, “Whether a national population is young or old is mainly determined by the number of children women bear. . The high fertility population has a larger proportion of children relative to adults of parental age as a direct consequence of the greater frequency of births.

But the definitional relationship— saving always results in investment always results in growth— is too simplistic for making policy decisions. This view of saving is a far cry from the real world. There is not just one factor (saving) or two factors (saving and investment) that are the key determinants of growth. While saving and investment are necessary, they are not sufficient enough for us to be sure that the rate of growth will be adequate to achieve any set of goals. There are many other factors that are as important—or perhaps more important.

Demography is the place to start, but one cannot stop there. In this chapter we suggest that the fears of AGE, Samuelson, Forbes, and other Merchants of Doom are overstated, that the nature of the “demographic aging problem” is also frequently misstated, and that many of the complexities of analysis related to this issue are often ignored. More importantly, as we argue later in this chapter, the future economic well-being of the whole population (of all ages) has very little to do with “population aging” and much to do with technological change, investments in people (education) and businesses (plant and equipment), management skills, and many other nonaging factors—factors that in large part determine the rate of economic growth.

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Aging Nation: The Economics and Politics of Growing Older in America by James H. Schulz


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