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1 - Introduction

Published online by Cambridge University Press:  09 August 2009

Steven A. Nyce
Affiliation:
Watson Wyatt Worldwide, Washington DC
Sylvester J. Schieber
Affiliation:
Watson Wyatt Worldwide, Washington DC
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Summary

All the world's a stage, and all the men and women merely players; they have their exits and their entrances, and one man in his time plays many parts, his acts being seven ages.

William Shakespeare From “As You Like It”

Shakespeare's seven ages of life begin with youth and progress through old age, which he describes as a period of second childhood when we live in oblivion, our senses largely gone. In Shakespeare's day in the late sixteenth and early seventeenth centuries, few people survived to an age we would today consider the seventh stage of life, as life expectancy at birth would have been between 25 and 30 years. Of those who made it to old age, many had to continue working until shortly before their death in order to meet their basic needs. Today, life expectancy is three times that of Shakespeare's era in the developed world and is nearing that in many of the developing countries. And when most people reach the final stage of their lifetimes today, what we now call retirement, their senses are still vitally intact and their lives are not all that different than those they lived before crossing into old age. But as our life expectancies have lengthened, our societies have grown older. As we look to the future, we expect them to grow older still.

Type
Chapter
Information
The Economic Implications of Aging Societies
The Costs of Living Happily Ever After
, pp. 1 - 7
Publisher: Cambridge University Press
Print publication year: 2005

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  • Introduction
  • Steven A. Nyce, Watson Wyatt Worldwide, Washington DC, Sylvester J. Schieber, Watson Wyatt Worldwide, Washington DC
  • Book: The Economic Implications of Aging Societies
  • Online publication: 09 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511510960.002
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  • Introduction
  • Steven A. Nyce, Watson Wyatt Worldwide, Washington DC, Sylvester J. Schieber, Watson Wyatt Worldwide, Washington DC
  • Book: The Economic Implications of Aging Societies
  • Online publication: 09 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511510960.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Steven A. Nyce, Watson Wyatt Worldwide, Washington DC, Sylvester J. Schieber, Watson Wyatt Worldwide, Washington DC
  • Book: The Economic Implications of Aging Societies
  • Online publication: 09 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511510960.002
Available formats
×