Economics and Ageing: Volume IV: Political Economy

Contents
List of Figures
List of Tables
Part I Economics of Happiness and Quality of Life
	1 Conceptualisations and Measurement
		1.1 Utility
		1.2 Welfare
		1.3 Subjective and Objective Well-Being
			1.3.1 Subjective Well-Being
			1.3.2 Objective Well-Being
		1.4 Psychological Well-Being
		1.5 Optimal Well-Being
		1.6 Happiness
		1.7 Human Development
		1.8 Quality of Life
			1.8.1 CASP-19
			1.8.2 Long-Term Care
				ASCOT
				CarerQol
			1.8.3 Health Care
				ICECAP
				EQ-5D
				SF-36
				WHOQOL
				MDS-HSI
				SEIQOLDW
				OPQOL
				HUI
				Complementarity Between Health-Related Quality of Life Measurement Instruments
			1.8.4 Community Quality of Life
		Notes
		References
	2 Theories and Empirical Findings
		2.1 Comparison Theories
			Self-comparisons
			Social Comparisons
			The Rank-Income Hypothesis
			Social Networks and Happiness
		2.2 Easterlin Paradox
		2.3 Set Point, Adaptation Level, and the Hedonic Treadmill
		2.4 Personality Traits and Genetics
		2.5 Needs-Based Theories
		2.6 Inequality and Happiness
		2.7 Happiness Along the Life Cycle
		Notes
		References
	3 Happiness and Policy
		3.1 Gross National Happiness
		3.2 National Accounts of Well-Being
			3.2.1 Time-Based National Well-Being Accounts
		3.3 Happy Life Expectancy or Happy Life Years
			3.3.1 Inequality of Happiness
		3.4 Closing Thought
		Notes
		References
Part II Inequality and Poverty
	4 Inequality
		4.1 Introduction
		4.2 Distribution and Moral Theory
			4.2.1 Value Claims
			4.2.2 Moral Desert
			4.2.3 Utilitarianism
			4.2.4 Libertarianism
			4.2.5 Contractualism
			4.2.6 Capabilities
			4.2.7 Consequentialist and Deontological Approaches
		4.3 Measurement of Distribution and Inequality
			4.3.1 Inequality of Whom?
				Personal or Size Distribution
				Functional Distribution
			4.3.2 Inequality of What?
			4.3.3 Measures of Inequality
				Decomposition
				Variance of Logarithms
				Mean Logarithmic Deviation
				The Lorenz Curve and the Gini Coefficient
				Paglin-Gini and Age-Gini
				Wertz\'s Gini
				Age-Adjusted Gini
				Gini Re-centred Influence Function
				Theil Index
				Concentration Index
				Slope Index
		4.4 Population Ageing and Distributional Issues
		4.5 Intergenerational Transmission of Inequality
		Notes
		References
	5 Poverty, Deprivation, and Social Class
		5.1 An Embarrassment of Definitional Riches?
			5.1.1 Equivalisation
			5.1.2 Absolute Poverty
				The Elder Economic Security Standard
				The Supplemental Poverty Measure
			5.1.3 Relative Poverty
				The Headcount Rate
				The Poverty Gap
				Inequality Among Whom?
				The Sen-Shorrocks-Thon Index of Poverty Intensity
			5.1.4 Multidimensional Approaches
				Multiple Deprivation
				Social Exclusion
				Consistent Poverty
			5.1.5 Mortality-Adjusted Poverty Rates
			5.1.6 Subjective Poverty
			5.1.7 Financial Distress
			5.1.8 Financial Security
			5.1.9 Chronic or Persistent Poverty
				The Rodgers and Rodgers Indicators of Transient and Chronic Poverty
				The Foster Indicator of Chronic Poverty
				The Calvo-Dercon Indicator
				The Bossert-Chakravarty-D\'Ambrosio Indicator
				The Hoy-Zheng Indicator
				Mendola-Busetta Poverty Persistence Index
				The Gradin-Del Rio-Canto Indicator
		5.2 Theories of Poverty
			5.2.1 Individualist Approaches
				Sub-culture of Poverty
				Behavioural Approaches
				Poverty, Command, and Choice
			5.2.2 Structuralist Approaches
			5.2.3 Intergenerational Income Elasticity
			5.2.4 Equal Burden-Sharing
			5.2.5 The Great Gatsby Curve
			5.2.6 Anti-poverty Role of Pension Income in Low-Income Developing Countries
		5.3 Social Class and Later Life
		Notes
		References
	6 Some Questions of Intergenerational Economics
		6.1 Intergenerational Transfers
		6.2 Intergenerational Mobility
			6.2.1 Multigenerational Mobility
		6.3 Justice Between Generations
			6.3.1 Prudential Lifespan
			6.3.2 Fair Innings
		6.4 Equity, Solidarity, Conflict, and Ambivalence
			6.4.1 Generational Equity
			6.4.2 Generational Interdependence and Solidarity
			6.4.3 Generational Contract
			6.4.4 Intergenerational Ambivalence
		6.5 Indices of Intergenerational Fairness
			6.5.1 The Intergenerational Fairness Index
			6.5.2 Intergenerational Justice Index
		Notes
		References
	7 Ageing, House Prices, and Economic Crises
		7.1 Introduction
		7.2 Residential Mobility in Later Life
			7.2.1 Ageing, Moving, and House Prices
			7.2.2 Housing-Related Financial Products
		7.3 Housing and Poverty in Later Life
			7.3.1 Housing and Risk in Later Life
		7.4 Housing and Pensions
			7.4.1 Housing Income and Public Spending on Older People
			7.4.2 Housing and the Retirement Decision
		Notes
		References
Part III Behavioural Economics and Ageing
	8 Behavioural Economics and Individual Ageing
		8.1 Prospect Theory
		8.2 Framing Effects
		8.3 Anchoring Effect
		8.4 Priming
		8.5 Sunk Cost Effect
		8.6 Mental Accounting
		8.7 Myopia
		8.8 Lack of Willpower
		8.9 Complexity
		8.10 Same Findings, Other Approaches
		Notes
		References
	9 Behavioural Economics and Policy
		9.1 Libertarian Paternalism
			9.1.1 Nudge
		9.2 Constitutionally Constrained Paternalism
		9.3 Autonomy-Enhancing Paternalism
		9.4 Asymmetric Paternalism
		9.5 The Save More Tomorrow™ Programme
		Notes
		References
Part IV Political Economy
	10 Economics and the Political Economy of Ageing
		10.1 Introduction
		10.2 Political Economy of Ageing: The Orthodox Economics View
			10.2.1 Population Ageing and the Median Voter Model
				Empirical Relevance
			10.2.2 The Age of Policy Makers
				Voting Cycles
			10.2.3 Elderly Power and Fiscal Leakage
				A Model of Elderly Power
				Multidimensionality
				Fiscal Leakage
			10.2.4 Interest Group Models
		Notes
		References
	11 Gerontological Views
		11.1 Political Gerontology
			11.1.1 Political Participation
			11.1.2 Age-Related Franchise Limits
			11.1.3 Realignment, Cognitive Mobilisation, and Regret
		11.2 Social Gerontology and the Political Economy of Ageing
		Notes
		References
Part V The Silver Economy
	12 The Silver Economy
		12.1 Introduction
		12.2 The `Ageing\' Consumer
			12.2.1 Demand-Driven Market Segmentations
				Shopping Habits
			12.2.2 Other Market Segmentations
		12.3 The Retirement-Consumption Puzzle
		12.4 Ageing and the Consumer Society
			12.4.1 Successful Ageing and the Consumer Society
			12.4.2 Affluenza
		Notes
		References
Part VI Postscript
	References
Glossary: Volume IV
Index