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Corporate Author National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population--Phase II, author.

Title The growing gap in life expectancy by income : implications for federal programs and policy responses / Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population--Phase II ; Committee on Population, Division of Behavioral and Social Sciences and Education ; Board on Mathematical Sciences and Their Applications ; Division on Engineering and Physical Sciences ; The National Academies of Sciences, Engineering, and Medicine.

Publication Info. Washington, DC : National Academies Press, [2015]

Item Status

Description 1 online resource (1 PDF file (xiv, 167 pages)) : illustrations
text file
Note Title from PDF title page.
Bibliography Includes bibliographical references.
Summary The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in The Growing Gap in Life Expectancy by Income goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.
Contents Population Aging in a Heterogeneous Society -- Growing Heterogeneity of the U.S. Population in Income and Life Expectancy -- Implications of Growing Heterogeneity -- Policy Responses to an Aging Population -- Conclusions -- Appendix A: Biographical Sketches of Committee Members -- Appendix B: The Future Elderly Model: Technical Documentation.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Language English.
Subject Aging -- Economic aspects -- United States.
Aging -- Economic aspects.
United States.
Baby boom generation -- Retirement -- Economic aspects -- United States.
Baby boom generation -- Retirement.
Baby boom generation.
Economic forecasting -- United States.
Economic forecasting.
Older people -- United States -- Economic conditions.
Older people.
Economic conditions.
Population aging -- Economic aspects -- Mathematical models.
Population aging.
Mathematical models.
Age distribution (Demography) -- Economic aspects -- United States.
Age distribution (Demography) -- Economic aspects.
Age distribution (Demography)
Older people -- Economic conditions -- Forecasting.
Older people -- Economic conditions.
Forecasting.
Older people -- Government policy -- Economic aspects.
Older people -- Government policy.
Aging -- United States.
Aging.
Retirement -- Economic aspects -- United States.
Retirement -- Economic aspects.
Life expectancy -- Economic aspects -- United States.
Life expectancy -- Economic aspects.
Life expectancy.
Life expectancy -- Government policy -- United States.
Government policy.
Income distribution -- United States.
Income distribution.
Genre/Form Statistics.
Electronic books.
Added Author National Research Council (U.S.). Committee on Population, author.
National Research Council (U.S.). Board on Mathematical Sciences and Their Applications, author.
National Academies of Sciences, Engineering, and Medicine (U.S.), author.
Other Form: Print version: Growing gap in life expectancy by income. Washington, D.C. : National Academy Press [2015] 9780309317078 (OCoLC)907097147
ISBN 9780309317078
030931707X
9780309317085
0309317088