Towards the Economics of Aging
Towards the Economics of Aging

Author(s): Dražen Barković, Ivana Barković Bojanić
Subject(s): Demography and human biology, Gerontology, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: aging; economics; methodological individualism; overlapping generations;
Summary/Abstract: Economists have been increasingly engaged in the scientific debate on a demographic trend that is taking place around the globe – aging. Their contribution is noticed when discussing and researching the impact of aging on the economy and society to provide various theoretical models, particularly from the macroeconomic point of view. The issue of aging is part of population economics which is again part of the neoclassical mainstream. On the other hand, academic scholars from other disciplines such as sociology, law, and the like are producing their standpoints recognized as the “political economy of old age”. This chapter briefly presents the focus of economists on the issue of aging.

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