The Economics of Ageing and the Political Economy of Old Age

William Jackson

EconStor Open Access Articles and Book Chapters, 1994, vol. 8, issue 1, 31-45

Abstract: Economic discussion of ageing has been largely neoclassical in approach. Ageing has become a specialism within population economics, which is itself a specialism within the neoclassical mainstream. An alternative view has come from authors in sociology and social policy, who have produced their own 'political economy of old age'. In contrast with neoclassical individualism, sociological depictions of aging have stressed the social construction of old age and the structured dependency of the elderly. Non-neoclassical economists have had little to say about ageing, despite some relevant work in the early days of Keynesianism. This paper argues that a combination of structural ideas from sociology and disequilibrium ideas from Keynesian and non-neoclassical economics can provide a suitable framework for the economics of ageing.

Keywords: population ageing; social construction; structured dependency; social gerontology; Keynesian economics (search for similar items in EconPapers)
JEL-codes: A12 B50 E12 J14 J26 (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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