March 2014
Beginner to intermediate
352 pages
9h 24m
English
book
Wellbeing: A Complete Reference Guide, Volume V, Economics of Wellbeing
by Cary L. Cooper, David McDaid
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10
Promoting the Health and Wellbeing of Older People
Making an Economic Case
Introduction
This chapter focuses on the wellbeing of older people. It looks at what is known about some of the economic impacts of poor wellbeing in older age, as well as the potential economic benefits of better wellbeing. It then identifies effective actions that may be taken to promote and protect the wellbeing of people over the age of 55 and reflects on what is known about their cost-effectiveness.
The chapter draws on a range of sources including previous systematic reviews of the effectiveness of different health-promoting interventions (Forsman, Nordmyr, & Wahlbeck, 2011; Forsman, Schierenbeck, & Wahlbeck, 2011; Lee et al., 2012), guidelines on health promotion for older people, as well reviews of economic studies (McDaid & Park, 2011; Windle et al., 2008). Where any monetary values are reported in the chapter, these have been converted to 2010 U.S. dollars using the IMF World Economic Outlook Database.
Why Is Economics Relevant to the Wellbeing of Older People?
As we shall indicate, there are economic benefits that come from focusing on protecting the wellbeing of older people, given the substantial contributions that they make to ...
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