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A global demographic transition is well underway. Global life expectancy now exceeds 70 years of age and fertility rates are declining. The result is a rising number and proportion of people at older ages. In general, in economics this ‘ageing society’ is seen as a problem with major challenges for growth, pensions and health systems. The theme of this session will be to review this pessimism and consider a range of economic policy and research issues that longer lives create and take stock of what we know and what we need to know in order to better understand the demographic transition and focus less on a changing age structure and more changing how we age.
