Economics and Ageing: Volume IV: Political Economy

ISBN-13: 9783030290122 / Angielski / Miękka / 2020 / 478 str.

Jose Luis Iparraguirre

Spis treści

I Economics of happiness and quality of life

1 Conceptualisations and measurement

1.1 Utility

1.2 Welfare

1.3 Subjective and objective well-being

1.3.1 Subjective well-being

1.3.2 Objective well-being

1.4 Psychological well-being

1.5 Optimal well-being

1.6 Happiness

1.7 Human development

1.8 Quality of life

1.8.1 CASP-19

1.8.2 Long-term care

1.8.3 Health care

1.8.4 Community quality of life

2 Theories and empirical findings

2.1 Comparison theories

2.2 Easterlin paradox

2.3 Set-point, adaptation-level, and the hedonic treadmill

2.4 Personality traits and genetics

2.5 Needs-based theories

2.6 Inequality and happiness

2.7 Happiness along the life cycle

3 Happiness and policy

3.1 Gross National Happiness

3.2 National Accounts of Well-being

3.2.1 Time-based national well-being accounts

3.3 Happy life expectancy or happy life years

3.3.1 Inequality of Happiness

3.4 Closing thought

II Inequality and Poverty

4 Inequality

4.1 Introduction

4.2 Distribution and moral theory

4.2.1 Value claims

4.2.2 Moral desert

4.2.3 Utilitarianism

4.2.4 Libertarianism

4.2.5 Contractualism

4.2.6 Capabilities

4.2.7 Consequentialist and deontological approaches

4.3 Measurement of distribution and inequality

4.3.1 Inequality of whom?

4.3.2 Inequality of what?

4.3.3 Measures of inequality

4.4 Population ageing and distributional issues

4.5 Intergenerational transmission of inequality

5 Poverty, deprivation and social class

5.1 An embarrassment of definitional riches?

5.1.1 Equivalisation

5.1.2 Absolute poverty

5.1.3 Relative poverty

5.1.4 Multidimensional approaches

5.1.5 Mortality-adjusted poverty rates

5.1.6 Subjective poverty

5.1.7 Financial distress

5.1.8 Financial security

5.1.9 Chronic or persistent poverty

5.2 Theories of Poverty

5.2.1 Individualist approaches

5.2.2 Structuralist approaches

5.2.3 Intergenerational income elasticity

5.2.4 Equal burden-sharing

5.2.5 The Great Gatsby curve

5.2.6 Anti-poverty role of pension income in low-income developing

countries

5.3 Social class and later life

6 Some questions of intergenerational economics

6.1 Intergenerational transfers

6.2 Intergenerational mobility

6.2.1 Multigenerational mobility

6.3 Justice between generations

6.3.1 Prudential lifespan

6.3.2 Fair innings

6.4 Equity, solidarity, conflict, and ambivalence

6.4.1 Generational equity

6.4.2 Generational interdependence and solidarity

6.4.3 Generational contract

6.4.4 Intergenerational ambivalence

6.5 Indices of intergenerational fairness

6.5.1 The Intergenerational Fairness Index

6.5.2 Intergenerational Justice Index

7 Ageing, house prices, and economic crises

7.1 Introduction

7.2 Residential mobility in later life

7.2.1 Ageing, moving, and house prices

7.2.2 Housing-related financial products

7.3 Housing and poverty in later life

7.3.1 Housing and risk in later life

7.4 Housing and pensions

7.4.1 Housing income and public spending on older people

7.4.2 Housing and the retirement decision

III Behavioural Economics and Ageing

8 Behavioural economics and individual ageing

8.1 Prospect theory

8.2 Framing effects

8.3 Anchoring effect

8.4 Priming

8.5 Sunk cost effect

8.6 Mental accounting

8.7 Myopia

8.8 Lack of willpower

8.9 Complexity

8.10 Same findings, other approaches

9 Behavioural economics and policy

9.1 Libertarian paternalism

9.1.1 Nudge

9.2 Constitutionally constrained paternalism

9.3 Autonomy-enhancing paternalism

9.4 Asymmetric paternalism

9.5 The Save More Tomorrow TM programme

IV Political Economy

10 Economics and the political economy of ageing

10.1 Introduction 10.2 Political economy of ageing -the orthodox economics

view

10.2.1 Population ageing and the median voter model

10.2.2 Elderly power and fiscal leakage

10.2.3 Interest group models

11 Gerontological views

11.1 Political gerontology

11.2 Social gerontology and the political economy of ageing

V The silver economy

12 The silver economy

12.1 Introduction

12.2 The ageing’ consumer

12.2.1 Demand-driven market segmentations

12.2.2 Other market segmentations

12.3 The retirement-consumption puzzle

12.4 Ageing and the consumer society

12.4.1 Successful ageing and the consumer society

12.4.2 Affluenza

O autorze

José Luis Iparraguirre is Chief Economist at Age UK and Professor of Economics, University of Morón, Buenos Aires, Argentina. 

Blurb

This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in health economics and economics of ageing, but policy makers, professionals and practitioners in gerontology, sociology, health-related sciences, and social care.

This volume introduces topics in the economics of happiness, quality of life, and well-being in later life. It also covers questions of inequality and poverty, intergenerational economics, and housing. Other areas described in this book include behavioural economics, political economy, and consumption in ageing societies.