Population ageing has been the subject of much discussion in recent years, often expressed in alarmist language that advocates evasive policy action to avert an imminent demographic crisis. This forward-looking book evaluates the debates surrounding population ageing and offers a more optimistic outlook on its effect on the ecomy. William Jackson initially considers general theoretical approaches to population ageing, particularly in relation to the rising dependency burden. He then goes on to examine traditional topics such as employment, productivity, pensions and social security, along with less traditional topics such as informal care, within the context of long-run structural changes. The author draws on an extensive range of ecomic literature and considers neoclassical arguments before analysing the issue from a n-neoclassical ecomic, social gerontological and sociological perspective. He maintains that conventional ecomic theory tends to overstate the effects of population ageing on the ecomy. Thus, he argues that while population ageing is a complex issue requiring some policy adjustments, it is a less acute problem than is suggested in popular and academic discussion. This book will be of great importance to scholars and students with an interest in population ecomics and the ecomics of social policy.
William A. Jackson, Lecturer in Economics, University of York, UK