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Promoting the health and wellbeing of older people: making an economic case

Park, A-La and McDaid, David and Forsman, Anna K and Wahlbeck, Kristian (2014) Promoting the health and wellbeing of older people: making an economic case. In: McDaid, David and Cooper, Cary, (eds.) Economics of wellbeing. Wellbeing: a complete reference guide (Vol. 5). Wiley-Blackwell, Oxford, UK, pp. 239-260. ISBN 9781118608388

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Identification Number: 10.1002/9781118539415.wbwell106

Abstract

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. Contrary to popular opinion, older people make a substantial positive net contribution to the economy through activities such as the provision of informal care, looking after grandchildren, paid employment, and engaging in volunteering. Investing in wellbeing can help further facilitate these benefits, as well as reduce the need for some health-care services. Cost-effective actions that can be taken include various social and group activities to counter social isolation and loneliness. Psychological therapies can also be used to help prevent depression in both the general older population and higher risk groups, including the bereaved. Evidence on the cost-effectiveness of measures to tackle poverty, make use of new social media to combat isolation and encourage participation in adult education are needed.

Item Type: Book Section
Official URL: http://eu.wiley.com/
Additional Information: © 2014 John Wiley & Sons, Inc.
Divisions: Personal Social Services Research Unit
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Sets: Research centres and groups > LSE Health and Social Care
Research centres and groups > Personal Social Services Research Unit (PSSRU)
Date Deposited: 09 Apr 2014 13:32
Last Modified: 09 Apr 2014 13:32
URI: http://eprints.lse.ac.uk/id/eprint/56457

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