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Some Demographic Consequences of Revising the Definition of 'Old' to Reflect Future Changes in Life Table Probabilities

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Author Info
Frank T. Denton
Byron G. Spencer

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Abstract

Sixty-five has long been used to define the beginning of 'old age'. Yet it is clear that the definition is arbitrary, and with continuing reductions in mortality and morbidity rates it will become increasingly inappropriate as time passes. We consider how the definition might be modified to reflect changes in life table probabilities, and how the future numbers and proportions in 'old age' would be affected. In a similar manner we consider also the redefinition of the 'oldest old' from a current definition of 85 and over.

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File URL: http://socserv.mcmaster.ca/qsep/p/qsep352.PDF
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Publisher Info
Paper provided by McMaster University in its series Quantitative Studies in Economics and Population Research Reports with number 352.

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Length: 17 pages
Date of creation: Jun 2000
Date of revision:
Handle: RePEc:mcm:qseprr:352

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Related research
Keywords: life table probabilities; old age;

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Find related papers by JEL classification:
I12 - Health, Education, and Welfare - - Health - - - Health Production
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped

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References listed on IDEAS
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  1. Frank T. Denton & Byron G. Spencer, 1996. "How Old is Old? Revising the Definition Based on Life Table Criteria," Independence and Economic Security of the Older Population Research Papers 2, McMaster University. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Frank T. Denton & Byron G. Spencer, 2008. "What Is Retirement? A Review and Assessment of Alternative Concepts and Measures," Quantitative Studies in Economics and Population Research Reports 427, McMaster University. [Downloadable!]
  2. Frank T. Denton & Byron G. Spencer, 2008. "What is Retirement? A Review and Assessment of Alternative Concepts and Measures," Social and Economic Dimensions of an Aging Population Research Papers 231, McMaster University. [Downloadable!]
  3. Michael R. Veall, 2006. "The Top Shares of Older Earners in Canada," Quantitative Studies in Economics and Population Research Reports 408, McMaster University. [Downloadable!]
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  4. Frank T. Denton & Byron G. Spencer, 2003. "Population Change and Economic Growth: The Long-Term Outlook," Social and Economic Dimensions of an Aging Population Research Papers 102, McMaster University. [Downloadable!]
    Other versions:
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