nep-age New Economics Papers
on Economics of Ageing
Issue of 2014‒10‒13
eleven papers chosen by
Claudia Villosio
LABORatorio R. Revelli

  1. A Microsimulation Analysis of Public and Private Policies Aimed at Increasing the Age of Retirement By André LÉONARD; Jeff CARR
  2. The Optimal Time for Claiming Social Security Benefits: A Methodological Note By Joseph Friedman
  3. Should Canada Diversify its Trade Pattern? An Overlapping-Generations CGE Analysis of Trade and Ageing By Patrick GEORGES; Marcel MERETTE; Aylin SECKIN
  4. The Resolving of the Entrance-Waiting for the Facilities Service and the Influence of the Facilities-Function-Differentiation(in Japanese) By Yoshimi ADACHI; Nobuo AKAI; Toshio UEMATSU
  5. The lifecycle deficit in France, 1979-2005 By Hippolyte D'Albis; Carole Bonnet; Julien Navaux; Jacques Pelletan; Hector Toubon; François-Charles Wolff
  6. Pension Incomes in the European Union: Policy Reform Strategies in Comparative Perspective By Panos Tsakloglou; Daniela Mantovani; Fotis Papadopoulos; Holly Sutherland
  7. The cost of pollution on longevity, welfare and economic stability By Natacha Raffin; Thomas Seegmuller
  8. The Transmission Effects of World Demographic Changes in a Multi-Country Overlapping Generations Model By Maxime Fougere; Patrick Georges; Marcel Merette
  9. Japan’s Contribution to the Aging Society in Southeast Asia Through State-of-the-Art Medical Technology(in Japanese) By MURATA Takashi; SHINOHARA Chie
  10. Monitoring and Assessment Framework for the European Innovation Partnership on Active and Healthy Ageing (MAFEIP) Second update of the process indicators By Fabienne Abadie; Christian Boehler; Maria Lluch; Ramon Sabes-Figuera; Bernarda Zamora
  11. The Impact of Demographic Change on Infrastructure Use: An Input-Output Approach By Tobias KRONENBERG

  1. By: André LÉONARD; Jeff CARR
  2. By: Joseph Friedman (Department of Economics, Temple University)
    Abstract: The optimal age for initiating Social Security benefits and the initiation versus postponement of benefits decision are the subjects of a number of recent papers. It is generally agreed that an initiation versus postponement of benefits decision may have significant consequences, but there is less agreement about how to model the problem or measure its financial implications. By law benefits are paid only to live beneficiaries. Thus, the anticipated future benefits should be weighted by the recipient's survival probabilities --- the probabilities that the recipient is alive when the benefits will actually be received. Many published papers argued that benefits will be received "on average" throughout the recipient expected remaining lifetime (ERL) and estimate the present value of Social Security benefits by discounting the cash flow through life expectancy. This paper will show that the preferred approach is to estimate the Expected Present Value (EPV) which weighs each future payment by the probability that it will be received. Based on survival probabilities and life expectancy tables that are compiled by the SSA the paper will demonstrate at the present value through life expectancy approach overstates the EPV by approximately 10%. Therefore, timing decisions that are not based on the EPV are probably suboptimal.
    Keywords: Social Security, Social Security Benefit Initiation, Social Security Benefit Postponement, Social Security Benefit Optimization, Retirement Annuities
    JEL: D14 H55 J14
    Date: 2014–09
  3. By: Patrick GEORGES; Marcel MERETTE; Aylin SECKIN
  4. By: Yoshimi ADACHI; Nobuo AKAI; Toshio UEMATSU
    Abstract: The long-term care facility service cost suddenly increases since the start of the nursing-care insurance system and will be increasing with the advancing aging in future. The cared periods are prolonged as the average life span of the elderly person lengthens. The family function is weakening as the nuclear family being in progress and the single or two household increases. From these, in addition to the financial problem, it should be examined the restraint of the nursing-care cost considering the care burden for the households. This paper examined two points. First, assuming the current system, the model of the long-term care facility service cost is built according to the age-grade, the need of nursing- care-degree and nursing-care-service per one elderly person. Secondly, using this model, it is examined how the cost of the long-term care facility service, especially the intensive-care old people's home, is restrained, Specifically, with the waiting entrance data of the intensive-care old people's home, this paper calculates the amount of change of the cost of the long-term care facility service, in cases of meeting all the demand of the waiting entrance and of limiting the part demand. Additional calculations also consider that the reduction for the medical expenses occurs with the transfer from the medical facilities to the nursing facilities. As a result, the followings are shown; firstly it is effective that an elderly person who needs intensive nursing care could be entered preferentially giving a constant limit to the slight need of nursing care degree for facilities service. Secondly, it is for the medical care treatment expenses to be restrained by differentiating appropriately the facilities service between the medical facilities and the nursing facilities.
    Date: 2013–06
  5. By: Hippolyte D'Albis (Paris School of Economics - Université Paris I - Panthéon-Sorbonne); Carole Bonnet (INED - Institut National d'Etudes Démographiques Paris - INED); Julien Navaux (LEDa - Laboratoire d'Economie de Dauphine - Université Paris IX - Paris Dauphine); Jacques Pelletan (UP8 - Université Paris 8, Vincennes-Saint-Denis - Université Paris VIII - Vincennes Saint-Denis); Hector Toubon (LEDa - Laboratoire d'Economie de Dauphine - Université Paris IX - Paris Dauphine); François-Charles Wolff (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Université de Nantes : EA4272)
    Abstract: We use the National Transfer Accounts methodology to calculate the lifecycle deficit in France for the years 1979-2005. During this period, consumption profiles were roughly constant over age, while labor income profiles shifted to higher ages. The share of the aggregate lifecycle deficit in GDP rose sharply in the 1980s due to an increase in the mean age of the population. In contrast, the per capita shares of the lifecycle deficit attributed to the population under 20 and over 60 varied little during this period, even though the relative weights of these two age-segments has shifted continuously in favor of the latter.
    Keywords: Comptes de Transferts Nationaux; Consommation; Revenus du travail; Déficit de cycle de vie
    Date: 2014–07–28
  6. By: Panos Tsakloglou; Daniela Mantovani; Fotis Papadopoulos; Holly Sutherland
  7. By: Natacha Raffin; Thomas Seegmuller
    Abstract: This paper presents an overlapping generations model where pollution, private and public healths are all determinants of longevity. Public expenditure, financed through labour taxation, provide both public health and abatement. We study the complementarity between the three components of longevity on welfare and economic stability. At the steady state, we show that an appropriate fiscal policy may enhance welfare. However, when pollution is heavily harmful for longevity, the economy might experience aggregate instability or endogenous cycles. Nonetheless, a fiscal policy, which raises the share of public spending devoted to health, may display stabilizing virtues and rule out cycles. This allows us to recommend the design of the public policy that may comply with the dynamic and welfare objectives.
    Keywords: Longevity; Pollution; Welfare; Complex dynamics.
    JEL: J10 O40 Q56 C62
    Date: 2014
  8. By: Maxime Fougere; Patrick Georges; Marcel Merette
  9. By: MURATA Takashi; SHINOHARA Chie
    Abstract: Being healthy is one of the most important factors that affect the degree of human happiness. In an aging society, deaths due to cancer tend to increase. When considering the improvement of wealth of the aging society in Southeast Asia, the international transfer of Japanese R&D results and experiences in the field of heavy ion-beam cancer therapy, which is characterized as a minimally invasive treatment, is one of the appropriate forms of Japanese contribution. Integration of governmental policy measures is indispensable to the international development of heavy ion-beam cancer therapy
    Date: 2013–06
  10. By: Fabienne Abadie (European Commission – JRC - IPTS); Christian Boehler (European Commission – JRC – IPTS); Maria Lluch; Ramon Sabes-Figuera (European Commission – JRC - IPTS); Bernarda Zamora
    Abstract: This report aims to provide information about the Commitments that joined the EIP on AHA in the Second Invitation for Commitment in April 2013 and to report this data, whenever possible, with that from the commitments that joined the First Invitation for Commitment (June 2012), providing comprehensive information on EIP on AHA participants’ characteristics. This should contribute to measuring progress of the EIP on AHA in general as well as its enlargement to new regions/countries for instance.
    Keywords: EIP, Active and Healthy Ageing, EIP on AHA, indicators, monitoring, framework
    JEL: I11 I18 O33 O38
    Date: 2014–08
  11. By: Tobias KRONENBERG

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