The Economics of Ageing—What Do You Face?

11 Pages Posted: 24 Mar 2020

See all articles by Ian M. McDonald

Ian M. McDonald

University of Melbourne - Department of Economics

Date Written: December 2019

Abstract

The economics of ageing is the study of economic decision‐making by individuals and government aimed at fostering well‐being in old age. These decisions include preparing for old age and dealing with the risks of old age. The risks are substantial. Using the life‐cycle model, this article considers the risks for well‐being that people face in retirement and the role of government and private insurance in meeting those risks. The perspective of the life‐cycle model is also used to consider the gender gap in wealth on retirement.

Suggested Citation

McDonald, Ian M., The Economics of Ageing—What Do You Face? (December 2019). Australian Economic Review, Vol. 52, Issue 4, pp. 496-506, 2019, Available at SSRN: https://ssrn.com/abstract=3557403 or http://dx.doi.org/10.1111/1467-8462.12350

Ian M. McDonald (Contact Author)

University of Melbourne - Department of Economics ( email )

Melbourne, 3010
Australia

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