IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiy2021i1p227-234.html
   My bibliography  Save this article

Silver Population – The New ‘Gold’ for Our Society

Author

Listed:
  • Mihaela Cazacu

    (The Bucharest University of Economic Studies)

  • Mihaela Mihai

    (The Bucharest University of Economic Studies)

  • Crina-Dana Ionescu

    (The Bucharest University of Economic Studies)

Abstract

Global demographic trends show an ageing population, concentrated mainly in Europe and Asia, in countries such as Italy, China and Japan. This can be seen either as an issue, considering the social protection system, either as a big opportunity in keeping elders active. In both cases, the importance of modernization of social policies has become crucial around the world. In order to avoid major economic issues or social tensions, it is required to identify main areas with big impact for ageing population and consider benefits for them. The purpose of this research is to investigate the opportunities of ageing population in the context of quality of life, based on the nine dimensions proposed by Eurostat, showing that silver (population) is the new gold for society. As a preliminary research, ageing will impact material living conditions, health, leisure and social interactions. For instance, in medicine there will be a challenge to switch from traditional medical checks to tele-medicine based on gadgets that monitor health or can assist persons in their daily life and fight with illness.

Suggested Citation

  • Mihaela Cazacu & Mihaela Mihai & Crina-Dana Ionescu, 2021. "Silver Population – The New ‘Gold’ for Our Society," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 227-234, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:227-234
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%203/7.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Liudmila Zasimova & Maria Sheluntcova, 2014. "Measuring active aging for government policy planning: a case of Russia," HSE Working papers WP BRP 11/PA/2014, National Research University Higher School of Economics.
    2. Florina BRAN & Maria-Loredana POPESCU & Pavel STANCIU, 2016. "Perspectives of Silver Economy in European Union," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 130-135, May.
    3. Andrew E. Clark & Andrew J. Oswald, 2006. "The curved relationship between subjective well-being and age," Working Papers halshs-00590404, HAL.
    4. Klimczuk, Andrzej, 2012. "Supporting the Development of Gerontechnology as Part of Silver Economy Building," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 2(2), pages 52-56.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Blanchflower, David G. & Oswald, Andrew J., 2008. "Is well-being U-shaped over the life cycle?," Social Science & Medicine, Elsevier, vol. 66(8), pages 1733-1749, April.
    2. John F. Helliwell & Haifang Huang & Max B. Norton & Shun Wang, 2019. "Happiness at Different Ages: The Social Context Matters," Springer Books, in: Mariano Rojas (ed.), The Economics of Happiness, chapter 0, pages 455-481, Springer.
    3. Ning Li, 2016. "Multidimensionality of Longitudinal Data: Unlocking the Age-Happiness Puzzle," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(1), pages 305-320, August.
    4. Terence C. Cheng & Nattavudh Powdthavee & Andrew J. Oswald, 2017. "Longitudinal Evidence for a Midlife Nadir in Human Well‐being: Results from Four Data Sets," Economic Journal, Royal Economic Society, vol. 127(599), pages 126-142, February.
    5. Biermann, Philipp & Bitzer, Jürgen & Gören, Erkan, 2022. "The relationship between age and subjective well-being: Estimating within and between effects simultaneously," The Journal of the Economics of Ageing, Elsevier, vol. 21(C).
    6. Stefano Bartolini & Ennio Bilancini & Francesco Sarracino, 2013. "Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(2), pages 169-191, November.
    7. repec:lic:licosd:21308 is not listed on IDEAS
    8. Zhanjun Xing & Liqing Huang, 2014. "The Relationship Between Age and Subjective Well-Being: Evidence from Five Capital Cities in Mainland China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(3), pages 743-756, July.
    9. Klimczuk, Andrzej, 2015. "Regional Development in an Ageing Society: Overview of Selected Foreign and Polish Recommendations and Practices," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 21-50.
    10. Anna Darbonne & Bert Uchino & Anthony Ong, 2013. "What Mediates Links Between Age and Well-being? A Test of Social Support and Interpersonal Conflict as Potential Interpersonal Pathways," Journal of Happiness Studies, Springer, vol. 14(3), pages 951-963, June.
    11. Wencke Gwozdz & Alfonso Sousa-Poza, 2010. "Ageing, Health and Life Satisfaction of the Oldest Old: An Analysis for Germany," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 97(3), pages 397-417, July.
    12. Hilke Brockmann & Anne-Maren Koch & Adele Diederich & Christofer Edling, 2018. "Why Managerial Women are Less Happy Than Managerial Men," Journal of Happiness Studies, Springer, vol. 19(3), pages 755-779, March.
    13. Bram De Rock & Guillaume Périlleux, 2023. "Time Use and Life Satisfaction within Couples: A Gender Analysis for Belgium," Feminist Economics, Taylor & Francis Journals, vol. 29(4), pages 1-35, October.
    14. Klimczuk, Andrzej, 2013. "Universities of the Third Age in Poland: Emerging Model for 21st Century," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(2), pages 8-14.
    15. Fischer, Justina AV, 2009. "Happiness and age cycles – return to start…," MPRA Paper 15249, University Library of Munich, Germany.
    16. Ngamaba, Kayonda Hubert & Armitage, Christopher & Panagioti, Maria & Hodkinson, Alexander, 2020. "How closely related are financial satisfaction and subjective well-being? Systematic review and meta-analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 85(C).
    17. Christoph K. Becker & Stefan T. Trautmann, 2022. "Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries," Journal of Happiness Studies, Springer, vol. 23(7), pages 3625-3654, October.
    18. David Bayliss & Wendy Olsen & Pierre Walthery, 2017. "Well-Being During Recession in the UK," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 12(2), pages 369-387, June.
    19. López Ulloa, Beatriz Fabiola & Moller, Valerie & Sousa-Poza, Alfonso, 2013. "How Does Subjective Well-Being Evolve with Age? A Literature Review," IZA Discussion Papers 7328, Institute of Labor Economics (IZA).
    20. Bert Van Landeghem, 2012. "Panel Conditioning and Self-Reported Satisfaction: Evidence from International Panel Data and Repeated Cross-Sections," SOEPpapers on Multidisciplinary Panel Data Research 484, DIW Berlin, The German Socio-Economic Panel (SOEP).
    21. Catherine Pollak, 2012. "Employed and Happy despite Weak Health? Labour Market Participation and Job Quality of Older Workers with Disabilities," Working Papers DT45, IRDES institut for research and information in health economics, revised Mar 2012.

    More about this item

    Keywords

    silver population; silver economy; quality of life; active ageing;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J00 - Labor and Demographic Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:227-234. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.