Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have many similar macro and micro effects on the economic status and behavior of the elderly in both countries.

The most obvious effects will be on social programs such as public pension systems and the provision for medical needs of the elderly. But, the contributors demonstrate, aging will also affect markets for labor, capital, housing, and health care services. It will affect firms through their participation in the demand side of the labor market and through their provisions for pensions. And aging will influence saving rates, the rate of return on assets, the balance of payments, and, most likely, economic growth.

This volume will interest scholars and policy makers concerned with the economics of aging.

The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary.

The nature and consequences of aging depend on its environmental context, and the literature does not treat the various environmental dimensions in an integrated fashion. The authors introduce a general approach to the human ecosystem, highlighting theoretical and empirical issues necessary to an understanding of person-environment interaction related to aging. They then investigate in detail three aspects of the environment of older persons: residential and neighborhood, interpersonal support networks, and age-related attitudes. They give specific attention to the impact of the age composition of neighborhoods and interpersonal networks. The authors present findings from their interview survey of 1,185 community residents aged 60 and over. Major findings from the interviews include:

1. Despite objective neighborhood problems, older persons express high neighborhood satisfaction. This partly reflects limited residential options, as well as a passive and vicarious spatial experience. The environment is experienced in diverse ways; however, urbanism and personal competence shape the nature and outcomes of person-environment interaction.
2. Older persons have relatively robust interpersonal support networks. Perceived sufficiency of contact and support are more salient to morale than are more objective measures of interpersonal support.
3. Although attitudes toward other older people are generally favorable, patterns of age identity reflect a detrimental view of aging. There is little evidence that socialization for aging or age-group solidarity make aging “easier” in this regard.
4. Older persons exhibit moderate age homogeneity within their interpersonal networks, partly reflecting neighborhood age concentration. Contrary to the apparent benefits of planned age-segregated housing, age homogeneity in neighborhoods and networks does not contribute to well-being.

The authors examine three major themes in their concluding chapter; age itself does not “loom large” in the lives of these community residents, though age becomes salient under certain conditions; there is diversity in the implications of the environmental context for aging, in particular reflecting an “environmental docility” hypothesis; and aging must be viewed in interactional or transactional terms—older people “construct” the environment as a subjective entity.
 

The senior years can be daunting, for spouses, children, other caregivers, and seniors themselves. Too often a sudden crisis leaves a family unprepared and feeling helpless. Chronic illnesses and limited funds can present difficult and emotional choices regarding care or housing. Rules and resources vary from state to state. Everyone can use help from experienced professionals in understanding them.

Boyer and Shapiro provide Nevada-specific information\--medical, legal, and financial\--on the wide range of problems that arise during the elder years. Case studies show how a typical family copes with troubles such as failing health or financial cares and what options they have. This guide will help any Nevada resident plan for their own senior years and take care of aging parents, spouses, and other loved ones.

     For more than a decade, The Graying of America has helped thousands of middle-aged and senior citizens find their way through the thickets and thorns of growing old. Now greatly revised and expanded to include information gleaned from studies of the past five years, this third edition has been retitled to stress its ongoing purpose: conveying a wealth of commonsense information for general readers in nontechnical language.

            The book is a storehouse of concise, useful information on the effects of aging on health, the mind, and behavior. Its 588 entries (including 172 new and 150 substantially revised) cover a broad spectrum of topics—from adjusting to retirement to grandparenting, sleep disorders to Alzheimer’s disease. All are directed to the average reader; all stress successful aging and how to accomplish it.

New entries cover such topics as the incidence and causes of frailty, the cognitive benefits of diversified activity, and findings of the Women’s Health Initiative. There is new information on matters like the effects of untreated hearing impairment on spouses and the impact of insufficient exposure to sunlight on sleep, plus new insight into what to look for in searching for a quality nursing home for a loved one.

Also included are results of recent studies on interventions that help to reduce age-related declines in mental and physical health, among them revelations that reports on age-related declines in memory have been skewed by testing errors. And with memory a concern for seniors fearful of declining mental agility, the book tells how to bypass memory problems—such as how to remember where you parked your car—and how physical exercise and challenging mental games can help reduce the risk of dementia. Other “how to avoid” entries offer ways to protect against eye fatigue in computer use, hip fractures when falling, and back injuries while lifting heavy objects.

No other book is so specifically geared to the challenges of how to reduce or even eliminate many of the problems associated with growing old. Aging in the Twenty-First Century can help seniors come to grips with their own aging process—and help younger adults understand what is happening to older family members.

Winner of the 1998 Paul A. Samuelson Award given by TIAA-CREF, The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Using statistical, and demographic concepts, Costa sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics.