Life Potential as a Basic Demographic Indicator
This paper proposes an indicator that integrates life expectancy with the demographic structure of the population for a given society. By doing this, we have a simple indicator of mortality and aging combined, which could be very useful for developed societies. As is widely known, life expectancy at birth is independent of the demographic structure of the population, and therefore is adequate for measuring overall mortality. However, it neglects to take into account the fact that as life expectancy increases society ages, and so looking at life expectancy alone can produce an overly optimistic view of the development process, especially if we pay attention to future sustainability. Aging can in fact affect quality of life and sustainability in the long run. The indicators for aging are usually very crude, such as providing information on the share of the population who are 65 and over. We propose a simple indicator that integrates life expectancy at different ages, not only at birth, with the demographic structure of the population at a given point in time. The indicator has an intuitive interpretation in terms of the life potential, or biological capital, of society; and given that it is a weighted average, its changes can be easily decomposed into reductions in mortality (gains in life expectancy) and aging for different age intervals. Copyright Springer Science+Business Media B.V. 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 110 (2013)
Issue (Month): 2 (January)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/journal/11135|
References listed on IDEAS
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.:
- Li Gan & Michael D. Hurd & Daniel L. McFadden, 2005.
"Individual Subjective Survival Curves,"
in: Analyses in the Economics of Aging, pages 377-412
National Bureau of Economic Research, Inc.
- Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1, September.
- Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:110:y:2013:i:2:p:537-548. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.