Economics of ageing: research area and perspectives

Economics of ageing: research area and perspectives Purpose – The purpose of this paper is to analyse the latest findings on the economic potential of ageing and compare them primarily from a consumables perspective. The relevant question relating to this research was: What are the economic consequences of the demographic development in relation to consumer demand for products and services in old age? Design/methodology/approach – Narrative systematic publications were thoroughly reviewed and collated. A systematic search was carried out in journals, books, databases, the internet as well as within the scientific community from November 2012 to May 2013. Findings – A total of 115 relevant scientific publications were identified in this review (from 1964 to 2013). In order to gain an actual overview of the relevant literature, the results show the most recent publications from 2000 to 2013. Research limitations/implications – There are three limitations within this paper: First, the search process used only four databases. Second, this review only took into account publications in English and German. Therefore, the review may fail to encompass all published literature. Finally, this study did not endeavour to evaluate the methodological quality of each scientific publication. Study findings were taken as reported. Originality/value – This paper aims at analysing the economic potentials of ageing primarily from the perspective of consumption. The focus of this economics of ageing investigation is on the “demography‐related” consequences in terms of the demand behaviour of the older consumers (the elderly as potential buyers). The paper deals with all the “silver economy” as a cross‐sector campaign and research area for economics of ageing – a still fairly young discipline, both in science and in practical applications. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality in Ageing and Older Adults Emerald Publishing

Economics of ageing: research area and perspectives

Quality in Ageing and Older Adults, Volume 15 (2): 13 – Jun 3, 2014

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Publisher
Emerald Publishing
Copyright
Copyright © 2014 Emerald Group Publishing Limited. All rights reserved.
ISSN
1471-7794
DOI
10.1108/QAOA-07-2013-0020
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to analyse the latest findings on the economic potential of ageing and compare them primarily from a consumables perspective. The relevant question relating to this research was: What are the economic consequences of the demographic development in relation to consumer demand for products and services in old age? Design/methodology/approach – Narrative systematic publications were thoroughly reviewed and collated. A systematic search was carried out in journals, books, databases, the internet as well as within the scientific community from November 2012 to May 2013. Findings – A total of 115 relevant scientific publications were identified in this review (from 1964 to 2013). In order to gain an actual overview of the relevant literature, the results show the most recent publications from 2000 to 2013. Research limitations/implications – There are three limitations within this paper: First, the search process used only four databases. Second, this review only took into account publications in English and German. Therefore, the review may fail to encompass all published literature. Finally, this study did not endeavour to evaluate the methodological quality of each scientific publication. Study findings were taken as reported. Originality/value – This paper aims at analysing the economic potentials of ageing primarily from the perspective of consumption. The focus of this economics of ageing investigation is on the “demography‐related” consequences in terms of the demand behaviour of the older consumers (the elderly as potential buyers). The paper deals with all the “silver economy” as a cross‐sector campaign and research area for economics of ageing – a still fairly young discipline, both in science and in practical applications.

Journal

Quality in Ageing and Older AdultsEmerald Publishing

Published: Jun 3, 2014

Keywords: Demographic change; Economy; Gerontology; Population ageing; Economics of ageing

References

  • Implications of population ageing for economic growth
    Bloom, D.E.; Canning, D.; Fink, G.
  • THE Economics of an Aging Society
    Clark, R.L.; Burkhauser, R.V.; Moon, M.; Quinn, J.F.; Smeeding, T.
  • Population aging and economic development: anxieties and policy responses
    Herrmann, M.
  • The Economics of Aging
    Schulz, J.H.
  • Consumer research and programs for the elderly – the forgotten dimension
    Waddell, F.E.

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