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 [and three others] contributors.

Format:

Book

Author/Creator:

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

Contributor:

National Academies of Sciences, Engineering, and Medicine (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population -- Phase II, contributor.

Language:

English

Subjects (All):

Older people--United States--Economic conditions.

Older people.

Life expectancy--Economic aspects--United States.

Life expectancy.

Life expectancy--Government policy--United States.

Population aging--Economic aspects--United States.

Population aging.

Baby boom generation--Retirement--Economic aspects--United States.

Baby boom generation.

Income distribution--United States.

Income distribution.

Physical Description:

1 online resource (xiv, 167 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : The National Academies Press, 2015.

Language Note:

English

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."--Publisher's description.

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

Notes:

"The National Acagemies of Science, Engineering, Medicine"--Title page.

Includes bibliographical references (pages 147-155).

Description based on print version record.

ISBN:

9780309317108

030931710X

9780309317085

0309317088

OCLC:

915729245