The long term financial impacts of CVD: Living standards in retirement
Identifieur interne : 000171 ( Main/Merge ); précédent : 000170; suivant : 000172The long term financial impacts of CVD: Living standards in retirement
Auteurs : Deborah Schofield [Australie] ; Simon Kelly [Australie] ; Rupendra Shrestha [Australie] ; Megan Passey [Australie] ; Emily Callander [Australie] ; Richard Percival [Australie]Source :
- International journal of cardiology [ 0167-5273 ] ; 2012.
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Abstract
Background: Cardiovascular disease (CVD) has significant economic costs, however these are generally estimated for the present-time and little consideration is given to the long term economic consequences. This study estimates the value of savings those who retire early due to CVD will have accumulated by the time they reach the traditional retirement age of 65 years, and how much lower the value of these savings are compared to those who remained healthy and in the workforce. Methods: Using Health&WealthMOD - a microsimulation model of Australians aged 45 to 64 years, regression models were used to analyse the differences between the projected savings and the retirement incomes of people by the time they reach age 65 for those currently working with no chronic condition, and people not in the labour force due to CVD. Results: Over 99% of individuals who are employed full-time will have accumulated some savings at age 65; whereas only 77% of those who are out of the labour force due to CVD will have done so. Those who retire early due to CVD will have a median value of total savings by the time they are 65 of $1833. This is far lower than the expected median value of savings for those who remained in the labour force full-time, who will have $281841 of savings. Conclusions: Not only will early retirement due to cardiovascular disease limit the immediate income and wealth available to individuals, but also reduce their long term financial capacity by reducing their savings.
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last="Schofield">Deborah Schofield</name><affiliation wicri:level="4"><inist:fA14 i1="01"><s1>NHMRC Clinical Trials Centre, University of Sydney</s1><s2>Camperdown, NSW</s2><s3>AUS</s3><sZ>1 aut.</sZ><sZ>3 aut.</sZ><sZ>5 aut.</sZ></inist:fA14><country>Australie</country><placeName><settlement type="city">Sydney</settlement><region type="état">Nouvelle-Galles du Sud</region></placeName><orgName type="university">Université de Sydney</orgName></affiliation><affiliation wicri:level="4"><inist:fA14 i1="02"><s1>School of Public Health, University of Sydney</s1><s2>NSW</s2><s3>AUS</s3><sZ>1 aut.</sZ><sZ>5 aut.</sZ></inist:fA14><country>Australie</country><placeName><settlement type="city">Sydney</settlement><region type="état">Nouvelle-Galles du Sud</region></placeName><orgName type="university">Université de Sydney</orgName></affiliation></author><author><name sortKey="Kelly, Simon" sort="Kelly, Simon" uniqKey="Kelly S" first="Simon" last="Kelly">Simon Kelly</name><affiliation wicri:level="1"><inist:fA14 i1="03"><s1>National Centre for Social and Economic Modelling, University of Canberra</s1><s2>Canberra, ACT</s2><s3>AUS</s3><sZ>2 aut.</sZ><sZ>6 aut.</sZ></inist:fA14><country>Australie</country><wicri:noRegion>Canberra, ACT</wicri:noRegion></affiliation></author><author><name sortKey="Shrestha, Rupendra" sort="Shrestha, Rupendra" uniqKey="Shrestha R" first="Rupendra" last="Shrestha">Rupendra Shrestha</name><affiliation wicri:level="4"><inist:fA14 i1="01"><s1>NHMRC Clinical Trials Centre, University of Sydney</s1><s2>Camperdown, NSW</s2><s3>AUS</s3><sZ>1 aut.</sZ><sZ>3 aut.</sZ><sZ>5 aut.</sZ></inist:fA14><country>Australie</country><placeName><settlement type="city">Sydney</settlement><region type="état">Nouvelle-Galles du Sud</region></placeName><orgName type="university">Université de Sydney</orgName></affiliation></author><author><name sortKey="Passey, Megan" sort="Passey, Megan" uniqKey="Passey M" first="Megan" last="Passey">Megan Passey</name><affiliation wicri:level="4"><inist:fA14 i1="04"><s1>Northern Rivers University Department of Rural Health, University of Sydney</s1><s2>Lismore, NSW</s2><s3>AUS</s3><sZ>4 aut.</sZ></inist:fA14><country>Australie</country><placeName><settlement type="city">Sydney</settlement><region type="état">Nouvelle-Galles du Sud</region></placeName><orgName type="university">Université de Sydney</orgName></affiliation></author><author><name sortKey="Callander, Emily" sort="Callander, Emily" uniqKey="Callander E" first="Emily" last="Callander">Emily Callander</name><affiliation wicri:level="4"><inist:fA14 i1="01"><s1>NHMRC Clinical Trials Centre, University of Sydney</s1><s2>Camperdown, NSW</s2><s3>AUS</s3><sZ>1 aut.</sZ><sZ>3 aut.</sZ><sZ>5 aut.</sZ></inist:fA14><country>Australie</country><placeName><settlement type="city">Sydney</settlement><region type="état">Nouvelle-Galles du Sud</region></placeName><orgName type="university">Université de 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type="abbreviated">Int. j. cardiol.</title><idno type="ISSN">0167-5273</idno><imprint><date when="2012">2012</date></imprint></series></biblStruct></sourceDesc><seriesStmt><title level="j" type="main">International journal of cardiology</title><title level="j" type="abbreviated">Int. j. cardiol.</title><idno type="ISSN">0167-5273</idno></seriesStmt></fileDesc><profileDesc><textClass><keywords scheme="KwdEn" xml:lang="en"><term>Cardiology</term><term>Cardiovascular disease</term><term>Economic aspect</term><term>Economic impact</term><term>Long term</term><term>Standard</term><term>Standards</term></keywords><keywords scheme="Pascal" xml:lang="fr"><term>Long terme</term><term>Etalon</term><term>Norme</term><term>Impact économique</term><term>Aspect économique</term><term>Pathologie de l'appareil circulatoire</term><term>Cardiologie</term><term>Maladie cardiovasculaire</term></keywords><keywords scheme="Wicri" type="topic" xml:lang="fr"><term>Norme</term></keywords></textClass></profileDesc></teiHeader><front><div type="abstract" xml:lang="en">Background: Cardiovascular disease (CVD) has significant economic costs, however these are generally estimated for the present-time and little consideration is given to the long term economic consequences. This study estimates the value of savings those who retire early due to CVD will have accumulated by the time they reach the traditional retirement age of 65 years, and how much lower the value of these savings are compared to those who remained healthy and in the workforce. Methods: Using Health&WealthMOD - a microsimulation model of Australians aged 45 to 64 years, regression models were used to analyse the differences between the projected savings and the retirement incomes of people by the time they reach age 65 for those currently working with no chronic condition, and people not in the labour force due to CVD. Results: Over 99% of individuals who are employed full-time will have accumulated some savings at age 65; whereas only 77% of those who are out of the labour force due to CVD will have done so. Those who retire early due to CVD will have a median value of total savings by the time they are 65 of $1833. This is far lower than the expected median value of savings for those who remained in the labour force full-time, who will have $281841 of savings. Conclusions: Not only will early retirement due to cardiovascular disease limit the immediate income and wealth available to individuals, but also reduce their long term financial capacity by reducing their savings.</div></front></TEI><affiliations><list><country><li>Australie</li></country><region><li>Nouvelle-Galles du Sud</li></region><settlement><li>Sydney</li></settlement><orgName><li>Université de Sydney</li></orgName></list><tree><country name="Australie"><region name="Nouvelle-Galles du Sud"><name sortKey="Schofield, Deborah" sort="Schofield, Deborah" uniqKey="Schofield D" first="Deborah" last="Schofield">Deborah Schofield</name></region><name sortKey="Callander, Emily" sort="Callander, Emily" uniqKey="Callander E" first="Emily" last="Callander">Emily Callander</name><name sortKey="Callander, Emily" sort="Callander, Emily" uniqKey="Callander E" first="Emily" last="Callander">Emily Callander</name><name sortKey="Kelly, Simon" sort="Kelly, Simon" uniqKey="Kelly S" first="Simon" last="Kelly">Simon Kelly</name><name sortKey="Passey, Megan" sort="Passey, Megan" uniqKey="Passey M" first="Megan" last="Passey">Megan Passey</name><name sortKey="Percival, Richard" sort="Percival, Richard" uniqKey="Percival R" first="Richard" last="Percival">Richard Percival</name><name sortKey="Schofield, Deborah" sort="Schofield, Deborah" uniqKey="Schofield D" first="Deborah" last="Schofield">Deborah Schofield</name><name sortKey="Shrestha, Rupendra" sort="Shrestha, Rupendra" uniqKey="Shrestha R" first="Rupendra" last="Shrestha">Rupendra Shrestha</name></country></tree></affiliations></record>Pour manipuler ce document sous Unix (Dilib)
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