Aging and Old Age

Front Cover
University of Chicago Press, Dec 18, 1995 - Family & Relationships - 375 pages
Are the elderly posing a threat to America's political system with their enormous clout? Are they stretching resources to the breaking point with their growing demands for care? Distinguished economist and legal scholar Richard A. Posner explodes the myth that the United States could be on the brink of gerontological disaster.

Aging and Old Age offers fresh insight into a wide range of social and political issues relating to the elderly, such as health care, crime, social security, and discrimination. From the dread of death to the inordinate law-abidingness of the old, from their loquacity to their penny-pinching, Posner paints a surprisingly rich, revealing, and unsentimental portrait of the millions of elderly people in the United States. He explores issues such as age discrimination in employment, creativity and leadership as functions of age, and the changing social status of the elderly. Why are old people, presumably with less to lose, more unwilling to take risks than young people? Why don't the elderly in the United States command the respect and affection they once did and still do in other countries? How does aging affect driving and criminal records? And how does aging relate to creativity across different careers?

From inside the book

Contents

What Is Aging and Why?
17
Old Age Past Present and Future
31
A HumanCapital Model of Aging
51
An Economic Model of Aging with Change Assumed
66
The Economic Theory Elaborated and Applied
97
The Economic Psychology of the Old
99
Behavioral Correlates of Age
122
Age Creativity and Output
156
The Status of the Old and the Aging of Institutions
202
Normative Issues
233
Euthanasia and Geronticide
235
Social Security and Health
262
Legal Issues of Aging and Old Age A Sampler
298
Age Discrimination by Employers and the Issue of Mandatory Retirement
319
Index
365
Copyright

Adjudication and Old Age
180

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About the author (1995)

Richard A. Posner is a judge of the US Court of Appeals for the Seventh Circuit and a senior lecturer in law at the University of Chicago Law School. His many books on the application of economics to law include Economic Analysis of Law, now in its fifth edition.