Thomas Dohmen, Armin Falk , Bart Golsteyn, David Huffman, Uwe Sunde, 21 January 2018

Many developed countries have ageing populations, with potentially major economic, political, and social consequences in the near future. Using Dutch and German panel data to control for cohort and period effects, this column investigates the relationship between age and risk attitudes. The results suggest that willingness to take risks declines with age, implying that societies may become more risk-averse as their population ages.

Janet Currie, Hannes Schwandt, 02 July 2016

Inequalities in mortality rates are a good indicator of economic wellbeing, but most of the existing literature does little to distinguish between developments in infants and adults. This column uses extensive US data to analyse mortality trends across all age groups. It finds that the health of the next generation in the poorest areas of the US has improved significantly and the race gap has declined significantly. Underlying explanations include declines in the prevalence of smoking and improved nutrition, and a major cause is social policies that target the most disadvantaged. 

Robert Dixon, Guay Lim, Jan van Ours, 03 May 2016

Okun’s law describes the positive empirical relationship between unemployment and the output gap. This column explores how this relationship differs depending on age and gender, taking into account different labour market institutions. Using data for 20 OECD countries over three decades, the authors find that the effect of Okun’s relationship decreases with age. Labour market institutions have similar effects on the unemployment rates of all groups, though magnitudes vary by age and gender.

Daniel Hamermesh, 20 February 2013

Publishing in economics is a very tough game, especially for young scholars trying to establish a research record while on a tenure clock. This column discusses new research that shows the age profile of authors in top journals has distinctly shifted away from young scholars. In 1993, half the authors of top-level articles were under 35 and 90% were under 50. Today, only a third are under 35.