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International Gains to Achieving Healthy Longevity
Andrew Scott1, Julian Ashwin2, Martin Ellison3
1London Business School and Research Fellow, Centre for Economic Policy Research, Regent's Park, London NW1 4SA, United Kingdom.
Improving the relationship between biological and chronological age offers substantial economic benefits. Targeting aging boosts health, life expectancy, and economic welfare, particularly in the United States.
Area of Science:
- Health Economics
- Gerontology
- Public Health Policy
Background:
- The relationship between biological and chronological age significantly impacts individual health and longevity.
- Aging processes present complex challenges across multiple diseases and health outcomes.
- Economic valuation of health interventions is crucial for policy development.
Purpose of the Study:
- To quantify the economic gains associated with improving the alignment of biological and chronological age.
- To assess the impact of targeting aging on health, life expectancy, and overall welfare.
- To estimate the financial benefits of slowing the aging process globally and nationally.
Main Methods:
- Economic modeling to evaluate the dollar value of improved age-related health.
- Analysis of synergies between health improvements and life expectancy.
- Cross-disease complementarity assessment in aging interventions.
- Calculation of GDP benefits from increased life expectancy.
Main Results:
- Substantial economic gains for individuals by targeting aging, exploiting health and life expectancy synergies.
- Improvements in life expectancy and an increasing older population significantly boost these gains.
- An estimated annual benefit of 4%-5% of GDP for each year increase in life expectancy.
- The United States shows a particularly acute need for healthy longevity initiatives.
Conclusions:
- Improving the biological-chronological age relationship yields significant economic advantages.
- Healthy longevity is increasingly vital for enhancing societal welfare and economic productivity.
- Policy interventions aimed at slowing aging are essential, especially in developed nations like the US.
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