Do Demographics Change the Intergenerational Borderline between Working and Retiring Generations? A Cross-national Study for OECD Countries

Chybalski, Filip; Gumola, Małgorzata

doi:10.1080/15350770.2020.1738304

Cited by 5 publications

(6 citation statements)

References 17 publications

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“…In 2026, it is expected that Korea will enter a super-aged society with the elderlies accounting for more than 20% of the total population. [1][2][3][4] Aging does not simply indicate an arithmetic increase in the elderly population, but is associated with various social changes. Expected changes include an increase in chronic disease among the elderly and a resulting increase in the use of medical services.…”

Section: Discussionmentioning

confidence: 99%

“…Accordingly, OECD countries have made efforts to establish various types of aging social security systems, making the issue of efficiently allocating resources while minimizing economic and social impact on the growing geniatric population a top priority for policy attention. 2,3 Meanwhile, in developed countries including Korea, as a result of the rapid economic growth in the past, basic living has 2 Health Services Insights been stabilized, and interest in health has increased recently, resulting in increased consumption of health care products. Therefore, the health care industry is classified as an agefriendly industry where aging has a positive effect.…”

Section: Introductionmentioning

confidence: 99%

“…The OECD predicted that Korea would become a “super-aged society” (elderly population over 20% of the total population) in 2026, only 8 years after becoming an aged society. 1 - 3 This is expected to cause not only economic problems such as decrease in savings and investment rates, in quantity and quality of labor force, and in economic growth rate, but also a national financial crisis, including increased financial burden due to an increase in welfare expenses for the elderly population. 2 These concerns urge for adequate countermeasures and policies.…”

Section: Introductionmentioning

confidence: 99%

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Effects of Senility on Disease Burden: Panel Analysis Using 2010 to 2019 OECD Health Data

Kim

2023

Health�Serv�Insights

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Background: In this study, the geniatric status of OECD (Organisation for Economic Co-operation and Development) countries was measured, and the effects of aging status on disease patterns in each country were quantitatively assessed. A theoretical model explaining the effects was suggested, and the implications were discussed. Methods: Data used in this study were the OECD Health Statistics data and WHO Global Burden of Disease data. The values for each country were paired with disability-adjusted life years (DALYs) presented by the WHO and Institute for Health Metrics and Evaluation (IHME). A cross-country panel analysis was conducted to analyze the effects of senility on the burden of disease in OECD countries. Results: Geniatric status had effects on the burden of disease ( P = .048). Total health expenditure significantly reduced the burden of disease ( P = .001). In the panel model with YLL (Year of Life Lost) as the outcome variable, geniatric status had twice greater effects on the burden of disease than that in the model with DALY ( P = .003). Conclusions: In medical insurance-related policies, the characteristics of the disease should be considered. In particular, chronic diseases have not received much attention compared to their risk. However, the disease that actually affects the burden of disease is a disease that becomes chronic and requires long-term treatment rather than a disease with a high fatality rate. And, as a result of this study, the higher the level of resource consumption for treatment in OECD countries, where aging is progressing, the burden of disease was rather reduced. Therefore, if there is institutional support to receive appropriate treatment, it will be possible to reduce the national burden of disease.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Effects of Senility on Disease Burden: Panel Analysis Using 2010 to 2019 OECD Health Data

Kim

2023

Health�Serv�Insights

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“…through an increase in the pensionable age. As Chybalski and Gumola ( 2021 ) demonstrate, although changes in the effective retirement age (perceived as an intergenerational borderline between pensioners and the working-age population) between 1971–2013 were deteriorating for the latter, the changes after 2000 were less unfavourable than those before. As it is argued, increasing retirement age supports economic growth and reduces the economic dependency of younger cohorts (Bauer & Eichenberger, 2016 ; Bernal & Vermeulen, 2014 ; Manoli & Weber, 2016 ; Peng & Mai, 2013 ; Staubli & Zweimüller, 2013 ).…”

Section: Discussionmentioning

confidence: 99%

Intergenerational income distribution before and after the great recession: winners and losers

Chybalski

2022

Decision

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Ageing process may affect intergenerational relations in different ways, including income distribution. Simultaneously, the global economy has undergone various crises. An important question is whether these crises impact the nexus between ageing and intergenerational income distribution. Finding an answer to this question is difficult in the literature; although the crisis-income inequality nexus is quite often investigated, this is not in the intergenerational context. This paper attempts to solve such puzzles using data covering 13 OECD countries in the period 1995–2018. The findings show that the relationship between the age structure of the population and intergenerational income distribution before and after the Great Recession of 2007–2009 was quite different. Actually, the Great Recession seems to have triggered this nexus in such a way that the elderly won the intergenerational income game in the aftermath of the crisis; however, the working-age and younger cohorts took a rematch later. The results obtained may support the political decision-making how to cope with economic crises, including the present COVID-19 pandemic and its impact on the economy and society, so as to treat different generations fair.

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“…It threatens pension system sustainability in economic and financial terms, forcing an increase in the statutory retirement age to keep older people longer in the labour market and increase employment rates among the elderly. Nevertheless, these changes have been implemented with a delay (Chybalski & Gumola, 2021). Thus, although pension systems can still ensure relatively adequate income in old age, the prospect of their significant reduction (OECD, 2013) seems unavoidable in the long term.…”

Section: Introductionmentioning

confidence: 99%

Income‐poor, asset‐rich? The role of homeownership in shaping the welfare position of the elderly

Marcinkiewicz

Chybalski

2023

Int J Soc Welfare

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The study explores the distribution of elderly households in terms of combinations of different levels of income and wealth and relates to the typically greater homeownership rates in this group than in the younger generation. Using microdata from the Luxembourg Wealth Study for 12 countries it demonstrates that ‘income‐poor, asset‐rich’ elderly households are a quite marginal category. However, the identification of this group is crucial from the policy perspective, as it constitutes a target for actions aiming at increasing the ability of the elderly households to use housing wealth in such a way as to improve their financial well‐being. The results also suggest that higher homeownership rates among elderly households, as compared to non‐elderly households, are not accompanied by proportionally greater household wealth. Nevertheless, when the level of data aggregation is reduced, there is some evidence that homeownership is positively associated with the welfare position of the elderly.

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Do Demographics Change the Intergenerational Borderline between Working and Retiring Generations? A Cross-national Study for OECD Countries

Cited by 5 publications

References 17 publications

Effects of Senility on Disease Burden: Panel Analysis Using 2010 to 2019 OECD Health Data

Effects of Senility on Disease Burden: Panel Analysis Using 2010 to 2019 OECD Health Data

Intergenerational income distribution before and after the great recession: winners and losers

Income‐poor, asset‐rich? The role of homeownership in shaping the welfare position of the elderly

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