Director of Economics, Ellison Institute of Technology and Econ Prof
@LBS
. Author of "The Longevity Imperative" & "The 100-Year Life"
#longevity
#ageing
#thfc
It has arrived! Just received the first few copies of my new book “The Longevity Imperative”. It is officially out in the UK on March 14th and in the US April 23rd. If you can’t wait here is a UK link and US link for pre-ordering
How valuable is it to age well? Myself,
@JulianAshwin
,
@DavidaSinclair
, Martin Ellison, updated our
@NatureAging
paper to calculate gains from slowing ageing . Health matters, ageing is the biggest health challenge, gains are multi-trillion $
#ageingwell
Fascinating interview with Nobel laureate Bob Solow on rise of MIT economics, technology and income distribution. Great emphasis on not seeing the future of work only as a technological problem but one which needs social solutions too
Ageing societies arise from low birth rates and extended lifespans, leading to fewer youths and more older persons. Instead of highlighting the rise in the elderly, we need to emphasize longevity, shifting focus from age to sustained life quality.
Spanish firms that adopt robots grow market share and increase productivity and employment at expense of non-adopters. That implies you should be worried for your job if you don’t see a robot helping you
@voxeu
#Automation
Excited to have been awarded a 4 year ESRC Research Grant on "Investigating an Economic Longevity Dividend". Idea is to examine theoretically&empirically how healthier longer lives can boost the economy. Any Post-Docs/RAs interested in macro, demography&ageing pls get in touch!
Struldbrugg? Dorian Gray? How do we put an economic value on reducing the rate at which we age biologically? Increasing healthspan is vital. Short video summarising results of our
@NatureAging
paper
@davidasinclair
@NuCampEconomics
Ageing societies arise from low birth rates and extended lifespans, leading to fewer youths and more older persons. Instead of highlighting the rise in the elderly, we need to emphasize longevity, shifting focus from age to sustained life quality.
Ageing societies arise from low birth rates and extended lifespans, leading to fewer youths and more older persons. Instead of highlighting the rise in the elderly, we need to emphasize longevity, shifting focus from age to sustained life quality.
As mentioned in yesterdays
@FT
#100YearLife
will be published in manga comic form. Apparently its 'a rare honour shared by the works of Karl Marx and John Maynard Keynes'. Going to have to read the manga version of The General Theory now. Amazing.
My papers on The Longevity Society&The Longevity Economy published this week
@LancetLongevity
. Ageing society is about more old people than young, longevity society about young preparing for increased probability of becoming old
Excited to be launching today my new
@LBS
course The Business of
#Longevity
- what companies and governments need to do to support healthy longer lives. Fantastic to see student interest and enormously grateful for the great guest speakers who have agreed to take part.
The biggest educational challenge in the decades ahead is learning how to reskill. Teaching adults in difficult economic circumstances to ‘unlearn’ and then ‘learn’ something new is very different from education in early life.
#100yearlife
My piece in
@IMF
F&D on ageing society vs
#longevity
economy.If you read age pyramids horizontally all you see is more old people&ageing society. Read them vertically&you see longer life course &greater longevity. Can latter offset economic cost of former?
Its official - new book out May 28th and Amazon now listing
#NewLongLife
for pre-order. How will technology and longevity separately and jointly change our futures and how to seize the opportunities
@lyndagratton
We need to rethink ageing, challenging us to elevate the later years from unproductive to vibrant. Our societal approach must improve.
@FT
#longevityimperative
#ageing
My paper "Managing UK National Debt 1694-2018" with Martin Ellison
@NuCampEconomics
published today in "American Economic Journal:Macro". Issue of how high can debt go and what debt to issue never goes away (answer for UK is very high&dont go too long).
Demographic transition has become a longevity transition. Life expectancy now driven by what happens at ages 60+. As well as an ageing society there is a longevity society. Not just more old people but living for longer which affects all of life
#100yearlife
A
#100yearlife
requires a 60 year curriculum – developing a higher education model that is much more nimble. “The real driver of the 60-year curriculum is the job market and length of life”
Much focus on changing retirement age but big issue is how many people at risk of losing jobs from 50+. Preserving employment amongst this group crucial for an economic longevity agenda. "mid-and late-career mindset needs to change"
@jpundyk
#100yearlife
"Staying alive longer is only worth it if the quality of life itself is valuable”
@EvaWiseman
The Longevity Imperative is about making long lives healthy, productive and engaged for longer. That is about social and individual change not supplements.
Many thanks to
@Martinwolf_
for highlighting the argument behind
#TheLongevityImperative
and the brilliant summary “we need to change not only how we age, but how we think about age”. We can do better than the despair of an ‘ageing society’.
Longer lives enable more generations to mix potentially boosting innovation. Imagine Socrates, Plato & Aristotle alive at the same time! Or does science advance one funeral at a time as this study suggests. How do we create intergenerational dialogue
Never ceases to amaze me that as an academic economist I have a manga book. The 100 Year Life and successor The New Long Life (“Life Shift” in Japan) is available in both traditional + manga format. Love looking at it and seeing a book turned into graphics.
#100yearlife
Ageing societies arise from low birth rates and extended lifespans, leading to fewer youths and more older persons. Instead of highlighting the rise in the elderly, we need to emphasize longevity, shifting focus from age to sustained life quality.
Delighted to have been interviewed by
@nowteachorg
They rightly are celebrating another cohort of graduates& establishing a new career transition. Congrats to all the graduates and
@lucykellaway
&
@KatieWaldegrave
for their hard work in making it happen
Ageing societies will affect us and the economy in myriad ways. Its not just 'more old people' Too little focus on breadth of those impacts so great
@DavidEBloom
has put together a wide ranging group of papers for
@voxeu
that captures the range of issues
Public Health England estimate life expectancy in the UK in 2020 fell by around one year due to Covid (1.3 years men, 0.9 years women). Big regional differences (2.5 years London) and inequality in life expectancy widened
Japan announces retirement age 70. Longer lives mean longer careers but retirement should be linked to healthy life expectancy
Need policies supporting over 50s so work remains productive & recognising diversity at older ages
#100yearlife
#lifeshift
My new book “The Longevity Imperative: Building a Better Society for Healthier, Longer Lives” is out in the UK tomorrow and in the US April 23rd. If you want to know more about the book watch the video below.
#longevityimperative
Biggest 'economic' loss from any pandemic is not declines in GDP but loss of life. Using Value of Statistical Life Approach, Michael Greenwood and
@vishannigam
estimate potential $8trn gains from social distancing due to reducing mortality
Tech&Longevity will lead to major changes in universities “Longer lives and changing work conditions necessitate universities to think outside the box for how they can serve learners across a much longer and more flexible timeframe.”
#LONGEVITY
Universities, one of the most age segregated institutions, are responding to growing demand for education over life course. Ruth Finklestein nails it “There were 25 Age-Friendly Universities a year ago&that’s doubled entering an exponential growth phase”
May 28th my new book with
@LyndaGratton
“The New Long Life” launches. It focuses on 2 themes
#Covid
has accelerated-How to use technology to improve our work&life? How to achieve a healthy economy&healthy population given an ageing society? Pre-order here
On how Japan ages so well and the need to recognise that ageing isn’t about the old. “The issue is the motivation or incentive for ordinary people to invest in their health before becoming elderly.”
#ageing
#100yearlife
Always good to see
#100yearlife
in any title!
@byameliahill
excellent summary recent life expectancy trends&related research. if ageing is malleable crucial to focus on individual and social initiatives to support healthy ageing incl. tackling inequalities
A key theme of my new book “The Longevity Imperative” is the importance of making healthspan catch up w/ lifespan – few things are as important. The book explains how our health system and our behaviours need to change. To find out more watch this video.
UK life cycle changed significantly over last 30 years. During same time, life expectancy at 65 increased from 16 to 20 years.
#longevitysociety
#100yearlife
My article in
@LancetLongevity
on The Longevity Society freely available. How does society adapt to new reality that the young can expect to become the old? A different problem from an ageing society which is there being more older people than young.
Exercise and engagement seem to be most robust variables associated with longer lives in academic research. This study suggests ‘life purpose’ negatively correlated with mortality risks
#longevity
Since 1998 Germany Japan UK US seen employment rise by 33 million-29 million of which is over 55s. Given productivity trends that means trend GDP growth very dependent on supporting longer productive careers for those who want to work. My piece in Quartz
Let's shift the conversation from aging to creating a society that embraces longevity. This is the focus of my new book The Longevity Imperative.
#LongevitySociety
#longevityimperative
Great interview with
@HydeM1976
on retirement &its evolution. Stresses needs of older workers not radically different from others. Flexible work, good jobs that accommodate illness &disability should be policies for all ages ¬ a ‘cost’ of older workers
“The aging population is the ‘climate change of health care’.” Tackling it therefore will require a mix of changing behaviour and new technologies. Can scientific research into ageing help?
#100yearlife
#ageing
Wondering what to read? here is
@andrewtghill
'lockdown' reading list drawn from
@FT
Business Book of the Year awards. Wonderful to see
#100Yearlife
amongst some great books & described 'as accessible & useful as it is original and thought-provoking'.
Thoroughly enjoyed conversation with
@amolrajan
@camcavendish
@ElizaFilby
@ian_goldin
on Rethinking Population. A great series that went beyond the usual 'ageing soceity' narrative to think more deeply re the individual and social implications for us all
"Increasing longevity offers not just challenges but opportunities" from
@FT
on adapting to
#100yearlife
span Great to see message finally getting out that longevity not just about end of life &brings benefits as well as costs. Time to start serious change
In the year 2050, the prediction is that 1 in 6 people will be over the age of 65. How will our institutions support this drastic demographic shift in
#ageing
?
-
#Individuals
-
#Corporations
-
#Society
-
#Government
More in my book The New Long Life:
If you are interested in how Covid interacts with an ageing society and the longevity agenda then join me on Thursday, May 14th at 6pm BST for my webinar on the topic - Sign up here:
The New Long Life co-authored
@Lyndagratton
shows a new path for how public/private sectors as well as ourselves can invest in the longevity dividend. Our new book details how to support longer, healthier lives.
#thenewlonglife
#longevitydividend
#ageing
#AI
&
#robotics
are increasingly disrupting the labour market leading to a shift in the demand for different
#jobs
& skills. Longer lives are extending our careers and requiring us to work for longer. Both factors have been exposed through the financial impact of
#Covid
.
"The Longevity Imperative" advocates for a profound societal shift to ensure quality of life keeps pace with increasing lifespans. Learn more about this transformative approach to ageing.
@longevitytech
#agingwell
#longevityimperative
We know age is malleable in terms of exercise, diet, education, purpose and engagement. Might it also be malleable to a degree never imagined through biology?
#100yearlife
UK average age increased since 1950 but average mortality declined. Chronologically older but actuarially younger. Average UK citizen now older than ever before but has more years of life to come than ever before. Ageing society or longevity economy?
Pleased to see piece w/ Andy Haldane on how healthy ageing isn't just good for welfare but also the economy
@TheTimes
“Halving rate of employment decline for over-50s would raise the number of UK workers by more than half a million.”
#longevityweek
An ageing society isn’t just about more old people but also changes in how we age.A
@TheLancetPH
study constructs measures of health across countries. In Japan 76 year olds have health of average global 65 year old, in Papua New Guinea its 46 year olds.
The macroeconomic consequences of Corona virus by
@JohnHCochrane
First and foremost its a public health issue, 2nd a financial stability one and "monetary policy is about 10th order and the level of overnight rates about 100th order".
“Until now, everybody had been looking at what makes individuals age successfully..nobody asked: How do societies age successfully?..you can’t reorganize a little bit—you have to reorganize dramatically.. rethink a lot of assumptions as a society.”
Longer lifespans mean higher chances of age-related diseases. The goal now is not just living longer but healthier, with a focus on cutting down years of ill health and utilizing geroscience for better aging.
#AgingSociety
Intro to Econ of Longevity:
My
@ProSyn
piece on why focusing on ageing measured in years leads to a disproportionate focus on the bad news of an ageing society rather than the good news of longevity economy. Need policies that support the former whilst maximising the latter
Longer, healthier lives offer a unique chance to revitalize our economy. Boosting employment beyond 50, enhancing education for all, and addressing health inequalities. It's about leveraging the full potential of ageing society.
#AgeingWell
Laura Carstensen (Stanford U.)
@longevitycenter
“research shows that experience more than compensates for the declines in speed & efficiency at new learning even into the 60s and 70s..Virtually no evidence links such declines to degraded work performance”
“Once you think about a 100-year life, you start thinking about everything. What is retirement? What is work? What is study? What is life? What is education? What is a career? This is not only about social security reform. It’s much bigger.”
#100yearlife
Longer lives raise lots of issues for managing your finances including cognitive decline. Those who are unaware much more at financial risk. That makes those who used to have high cognitive recall and with most wealth most at risk from ‘overconfidence’
My interview with BBC World Service
@bbcworldservice
and
@thischairrocks
on how individuals and corporates need to adjust to people living longer lives and structuring their life course accordingly
(listen from 45 minutes in)
#ageing
#100yearlife
Adult education and lifelong learning isn’t just needed because of technology. Without it as retirement ages increase we will just swap pensions for unemployment benefit.
#100yearlife
#ageing
As more and more people live into older ages the use of chronological age as an indicator of health needs becomes less and less useful due to diversity amongst how a multitude of people age. Need broader measures of health and functional age
@jameshamblin
Longer lives & new tech will transform jobs - a corporate agenda for multistage lives w/ multiple entry & exit points, a refashioning of retirement & a flexible work environment that supports carers and careers. ()
#thenewlonglife
#tech
#ai
#aging
As number of older people rises ‘parental leave’ will be redefined. As with children if we don’t create policies that support both men and women combining work with family demands an ageing society will be a huge backward step for women and work
#ageing
When talking about
#longevity
&
#100yearlife
I am often asked whether recent UK life expectancy data undermines the need to prepare for longer lives. Here are a few comments explaining why rather than undermine the debate they actually make it more urgent
Whilst GDP declines rapidly, economists furiously pounding keyboards to boost output. Race is on what to call this episode.We had 'Great Depression'& 2007/8 'Great Recession'. Heard 1st use today of "Great Cessation" (thx Martin Ellison
@NuCampEconomics
). Think we have a winner
Couldn’t agree more “The biggest barrier to the much needed paradigm shift towards healthy ageing is not scientific or technological but political – policymakers should focus on the lifelong ageing process.”
@APPGLongevity
@UKParliData
@BritishAcademy_
Chronological measures of age do not capture most important part of ageing which is how we age. Governments need to focus on healthy ageing but also recognise that dealing with an ageing society begins a long time before people get old
#aging
Good read on insignificance of generational labels. Such labels an invention of 20th century when society became more stratified based on age. Did less intergenerational contact lead to less interaction and greater interest in stereotypes?
Pleased to see my Three Dimensional Longevity Dividend paper published
@NatureAging
Focuses on achieving healthy&productive aging so healthy life expectancy matches life expectancy whilst providing income longer lives need.
Delighted that our article received this Prize in honour of Richard Beckhard. Companies need to urgently adopt age friendly policies but recognise thats about the whole career path
#100yearlife
Most policy analysis of ‘ageing’ focuses on end of life. Whether we 80 days or 80 year old are all ageing. Ageing a recursive process that links all stages of life
#100yearlife
#NMOL
My article in
@LancetLongevity
on The Longevity Economy freely available. How do we achieve a three dimensional longevity dividend of longer healthier and more productive lives?
#ageing
#healthuk
Investing in our future longevity through education, physical exercise, and preventative medicine is crucial. People need to consider their longevity plan earlier in their lives.
@longevitytech
#agingwell
#longevityhealth