Independence and Economic Security in Old Age by Deborah Fretz, Frank T. Denton, Byron G. Spencer

By Deborah Fretz, Frank T. Denton, Byron G. Spencer

Makes a speciality of financial and social implications of getting older on the person and societal degrees. First appears to be like at simple demographic concerns, then examines parts of family members family members, health and wellbeing, and monetary safety. Considers the measure of preparedness for outdated age by way of diversified aged populations, and discusse

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8 Uhlenberg (1987) proposed two variants of this criterion. In one variant, “old” would be defined as the age exceeded by some specified proportion of the total population; in the other, it would be defined as the age exceeded by a specified proportion of the adult (twenty years and older) population (76). Although such measures may have been appropriate for Uhlenberg’s purposes, they are not appropriate for establishing the correspondence between individual ages at different times, independent of the overall age distribution.

16. 17. 18. 19. 32 Difference 24 Population Aging and the Definition of “Old” criteria produce results that differ in some degree, of course, and summary measures are provided for the columns of the three tables in the form of means, medians, and ranges calculated over all entries. Means and ranges calculated by excluding the two highest and two lowest entries in each column are also provided, to eliminate the effects of extreme values. 1. 48. 46, and the median, of course, remains the same. 5 years older.

The information provided by those series establishes a basis for framing assumptions about future values. Given the future values for each year of a projection period, the corresponding values of #,$$, and % can then be found by solving the following three equations: (17) lnTLFt = ln# t + (ln$ t)% t50 – x0 (18) exp{MAMt l n% t } = ln(TLFt / 2# t )/ln$ t (19) exp{IRA t l n% t } = ln(3TLFt /4# t )/ln(TLFt /4# t ) The equations can be solved by straightforward application of standard iterative methods.

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