Economic effects of healthy ageing: functional limitation, forgone wages, and medical and long-term care costs.

ABSTRACT: This study aims to estimate the potential economic benefits of healthy ageing by obtaining estimates of the economic losses generated by functional limitations among middle-aged and older people. Utilising two data sources retrieved from nationally representative samples of the Japanese people, we analysed the association between functional limitation and economic indicators, including labour market outcomes, savings, investment, consumption, and unpaid activities among individuals aged ≥ 60. Using the estimated parameters from our micro-econometric analyses and the official statistics by the Japanese government and a previous study, we calculated the financial costs that can be averted if healthy ageing is achieved as foregone wages and formal medical/long-term care costs incurred by func

SUBMITTER: Okamoto S 

PROVIDER: S-EPMC10170784 | biostudies-literature | 2023 May

REPOSITORIES: biostudies-literature