Still the definitive book on the subject, this volume has been thoroughly revised to cover rapidly changing aspects of the economics of aging. It provides an in-depth examination of the nation's evolving private and public policies on retirement, pension, and health, including, for instance, the dramatic changes in employer-sponsored pensions. New attention is given to the retirement of baby boomers and the financial situation of older women. Other topics added to this edition include the proposed new way of measuring poverty, new economic implications of demographic aging, the concept of `productive aging', an update on reverse annuity mortgages, hybrid pension plans and pension privatization, and current information on Social Security. This highly readable book is essential for everyone concerned with gerontology.