From Gerontocracy to Gerontonomia: The Politics of Economic Stagnation in Ageing Democracies.

One in five people in the EU and nearly one in ten in the world are now aged 65 and over. This demographic transformation is one of the great successes of the twentieth century and has profoundly altered the composition of electorates in many democracies. This article explores whether and how this p...

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Publicado en:Political Quarterly Vol. 94; no. 3; pp. 452 - 462
Autor principal: Vlandas, Tim
Formato: Artículo
Publicado: Wiley-Blackwell Jul-Sep2023
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: From Gerontocracy to Gerontonomia: The Politics of Economic Stagnation in Ageing Democracies.
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        au: Vlandas, Tim
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        Stagnation (Economics)
        Economic policy
        Democracy
        Social policy
        Population aging
        Economic change
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          Stagnation (Economics)
          Economic policy
          Democracy
          Social policy
          Population aging
          Economic change
      keyword:
        ageing
        economic stagnation
        gerontocracy
        gerontonomia
        grey voters
        growth
        ageing
        economic stagnation
        gerontocracy
        gerontonomia
        grey voters
        growth
      ab: One in five people in the EU and nearly one in ten in the world are now aged 65 and over. This demographic transformation is one of the great successes of the twentieth century and has profoundly altered the composition of electorates in many democracies. This article explores whether and how this population ageing reshapes the relationship between democracy and capitalism. I argue that ageing changes the economic and policy priorities of a growing share of democracies' electorates in ways that incentivise elected governments to prioritise certain social policies and economic outcomes, such as pensions and low inflation, at the expense of others, most notably greater social investments and pursuing economic growth. As a result, gerontocracies increasingly lead to what I call a 'gerontonomia' characterised by democratically sustained economic stagnation.
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