Global Population Aging: Details, Challenges, Options & Perspectives Daedalus Mit Press
To account for the variation in willingness to pay over one’s lifecycle, we developed an age-adjusted VSLY that modifies the constant VSL with wealth, remaining life expectancy, and age-particular survival probability at the nation level. To conclude whether or not the ageing approach is delayed, and to assess how sophisticated the ageing method is in Spain compared to Europe, it is required to analyse the structural modifications implied by the ageing of the populations. There are two major structural modifications…