• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

Economics of Aging
Economics of aging

Population aging is a worldwide phenomenon. The demographic transition from a state with high fertility and mortality rates to a state with low fertility, low mortality, and increased longevity has changed the well-known population pyramid into what looks more like a rectangle or a skyscraper. This means fewer children and more old-aged people in relation to those of working age. Aging started in the industrialized world and has thus gone farther in these countries than in developing countries, where it started later. The transition is far from complete in the industrialized world, and aging is forecast to go on during the entire period of prognosis, up to the year 2050.

Population aging has caused anxieties about the economic effects of aging: ...

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