Morrie Aging

Morrie Aging

Mitch Albom is an accomplished author, journalist and tv/radio personality. His career began with the Detroit Free Press covering both local and national sports. He wrote numerous books covering Michigan area sports and frequently appeared on ESPN. This paper analyzes how markets for old-age care respond to the aging of populations. We consider how the biological forces, which govern “the stocks of frail and healthy persons in a population, interact with economic forces, which govern the demand for and supply of care” (p. 110).

We argue that aging many times may lower the demand for market care by increasing ...