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Macro causes and consequences of population aging

by Dennis, Michael Mathew, Ph.D., UNIVERSITY OF CALIFORNIA, BERKELEY, 2005, 140 pages; 3210307

Abstract:

Casuality between population aging and long-run macroeconomic change runs in both directions. This dissertation considers three interactions between the two. First, I consider the role of the increases in the average level of education in the long-run decline of mortality. Second, I consider the uncertainty of aggregate life expectancy, the risks it poses for rich and poor, young and old, and indexation of Social Security benefits to life expectancy might improve that risk sharing. Third, I consider the market for deferred annuities, which have hitherto been nearly completely neglected in the economics literature. This lack of attention is doubly startling, since deferred annuities have many characteristics that make them superior to immediate annuities.

Advisor:	Lee, Ronald
School:	UNIVERSITY OF CALIFORNIA, BERKELEY
Source:	DAI-A 67/03, p. , Sep 2006
Source Type:	Ph.D.
Subjects:	Economics; Finance
Publication Number:	3210307

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