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Objective and subjective potential indicators of quality of life are combined to explore these dimensions.
Yoo This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U. The temporary drop of the capital-labor ratio requires a decrease in consumption per capita but as the baby boom generation nears retirement, capital intensity increases, which raises output per worker and per capita consumption.
It has been recognized that ageism often limits the choices of older adults regarding long-term care .
While there have been meaningful efforts to offer young patients long-term care options that allow maximum control of care received and choice of caregivers, options for elderly patients with disabilities have been far more restrictive.
These results suggest that consumer welfare may increase as the baby boom generation begins to retire near the turn of the century.
Thus the retirement of the baby boom generation need not necessarily be a cause of concern.
Older patients of the present and future expect to live more active lives and seek to remain socially engaged, even as they manage chronic illnesses or rehabilitation from disabling health conditions.
This generation of self-determining patients is likely to question established principles of medical care, demanding greater attention to their own definitions of health-related quality of life .
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