Policy in the Pub: The Economics of Ageing


From: Wednesday February 20, 2019, 5:30 pm

To: Wednesday February 20, 2019, 6:30 pm

The Economics of Ageing

Well-being in post-retirement years depends upon adequate private preparation and government support. This talk will emphasise the risks to well-being in post-retirement years. These risks include financial risks, the risk of early retirement, the risk of poor health, the risk of the need for aged care and the risk of living for a long time. In addition to redistributing income to old people and supplementing inadequate preparation, the government plays an important role as an insurance corporation in supporting those who experience bad outcomes. These activities will cause some fiscal pressure as the proportion of old people in the population increases. While this increased fiscal pressure is small compared with projected increases in GDP per capita due to productivity growth, just how the political system will
balance the well-being of the old with that of younger people as the fiscal pressure increases is not clear.

Join us for the first Policy in the Pub of 2019 and hear from Professor Ian McDonald from the University of Melbourne on the Economics of Ageing.

About the speaker

Ian McDonald graduated with a PhD from Simon Fraser University in 1974. His fields of study are Behavioural Economics and Macroeconomics. Ian was promoted to Senior Lecturer in 1981, Reader in 1986 and Professor in 1990. He has held visiting positions at the Massachusetts Institute of Technology, Monash University, Nanyang University, Oxford University and Queen’s University. Ian has held a number of administrative positions including Head of the Department of Economics, University of Melbourne 1993 to 1996, Chair of the Teaching and Learning Quality Assurance Committee, University of Melbourne, 1999 to 2000 and Deputy Dean, Faculty of Economics and Commerce, University of Melbourne, 1999-2002 and 2005. Ian is an Editor of the Australian Economic Review and a Fellow of the Academy of Social Sciences, Australia.



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