Old age was never a problem in India. Old age homes were alien in concept and elder abuse was considered a Western problem. As life expectancy has increased from 41 years in 1951 to 64 years today, hundreds of old age homes have sprung up in India. Neglect of parents has become a big issue, so...

The aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a special emphasis on government spending on the aged. The U.S. Census Bureau projects that the proportion of the elderly in...

This paper presents a simple two-period overlapping generation's model with uncertain lifetimes that contains environmental and health issues. It investigates an intergenerational conflict between old and young generations as regards two defensive expenditures, offsetting the influence of a...