What is the economic contribution of the elderly?
What is the non-market contribution of the elderly?
What is the gross economic contribution of the elderly?
What is the net economic contribution of the elderly?
What is the time use pattern of aged? How much of it is spent on contributing to the family?
Does the aged in India age actively?
Our analysis reveals that, in an economic sense, aged are a burden, or tax, on society. However, we should keep in mind two points in this context. First, the substantial economic contribution made by currently aged persons in their middle ages and, in particular, the investment made on their children; this represents a debt of the younger generation to the aged, which is repaid when the younger generation joins the labour force, replacing the superannuated aged. Second, the aged also makes a cultural contribution as they pass on the culture and traditions of their society to the younger generations. There is no way to value this very important service. If we could add these two components to net contribution, it is more than likely that we would find that the aged are making a positive contribution to society.
The remaining part of the chapter examines strategies to integrate the aged with society, to enable them to ensure an active and healthy ageing experience for them.
KeywordsEconomic contribution of aged Time use pattern of aged Active ageing India
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