Includes 16 essays which address many issues from a different perspective suggested by the experience of aging in America. This study explores the political, social, and economic realities which have an impact on Americans as they grow older.

This timely new collection presents the most important and influential articles and papers on ageing and later life of the past half century. The editors examine policy creation and implementation, practice and critical gerontology including both feminist and international perspectives. Including an original introduction and key works not available in scholarly libraries, this is a critical assembly of work and will be of immense assistance to anyone looking to understand the consequences of our ageing population on society.

This book integrates the economics of aging and insight based on political economy and explores generational conflict in the context of governmental spending. This problem is general, as the Covid-19 pandemic has highlighted: lockdowns protect the elderly, but hurt the young. Policies to address global warming impose taxes on the elderly, but would bring benefits largely in the future. This book addresses intergenerational problems by placing its focus on budget allocation, taxation, and regulation. By using Japanese and US data, the authors conduct statistical analysis of whether regions with aging populations may adopt policies that generate benefits during a short period of time instead of policies that could benefit current young generations for an extended period of time. If the policy preferences of voters depend on their age, and if policy adoption by a government reflects public opinion, the change in demographic composition in a region may affect governmental policies. In an aged society, the elderly are pivotal voters. Budgets may be reallocated from policies favored by younger generations, such as education, to policies the elderly prefer, such as welfare programs. This generates an intergenerational externality problem: voters with short life expectancy do not take into consideration long-term benefits. Moreover, the current tax bases may be replaced by other tax bases that do not harm the elderly. The results reported in the book largely support these hypotheses. Evidence also shows that the gender and racial composition and institutional factors, including the extent of fiscal decentralization, are important in anticipating effects of population aging in other countries.

This groundbreaking book provides a comprehensive treatment of the political economy of aging. From the founder and key thinker in the field comes a work that aims to contribute to the understanding of old age and aging in the context of problems and issues of the larger social order in America. Since Carroll Estes' first writing on the political economy of aging in 1979, there has been growing recognition and incorporation of her critical perspective as one of the major paradigms in the field of aging. The only comprehensive book-length treatment of the subject, Social Policy and Aging addresses the globalization of capital and developments in health care restructuring. Combining social gerontological theory and major theoretical advances in work on the welfare state, this text keeps readers abreast of the new development within the discipline. Students and researchers alike will appreciate this critical perspective, widely acknowledged as one of the major paradigms in the field of aging. [Ed.]