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The Economics of Ageing—What do you Face?

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  • Ian M. McDonald

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.

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  • Ian M. McDonald, 2019. "The Economics of Ageing—What do you Face?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 52(4), pages 496-506, December.
    • Handle: RePEc:bla:ausecr:v:52:y:2019:i:4:p:496-506
    DOI: 10.1111/1467-8462.12350
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    1. Ian M. McDonald, 2020. "The Economics of Ageing—What Do We Face?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(4), pages 586-597, December.

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