((I know that this post is speculative, almost absurdly so. Bear with me.)
The idea of radically extending human life expectancy has been surfacing more and more in the media over the past few years. Back in October, I made a brief note about recent projections by demographers that, taking ongoing improvements in medicine into account, most of the children now being born in developed countries may become centenarians. The ongoing increase in human life expectancy is one of the biggest if quietest ongoing revolutions in the world, as medicine is slowly making any number of human ailments, from cancer to HIV/AIDS to the slow degeneration of the human form, treatable illnesses, while other non-medical ways of increasing the human lifespan (through caloric restriction, as an example) also show promise. In the Greek myth of Tithonus, that Trojan prince's lover Eos asked Zeus on his behalf that he be given the gift of immortality, which Tithonus did receive, but forgot to ask for eternal youth as well. It looks very much like the coming generation of human beings will not only enjoy longer lifespans but healthier lifespans as well.
Demographics come into play here via Ira Rososfky at his Psychology Today blog, where he recently posed an interesting question: "[W]hat if science advanced to the point where life expectancy took a quantum leap or we became immortal? How would we cope with all those 200 and 300-year-old people?" In an earlier post, Rosofsky wondered whether a doubling of human life expectancy would make people self-protective to the point of paranoia. If humans gained relatively immunity from the aging process but not from "accidental illness or infectious diseases," Rosofsky wondered, might humans try to avoid taking any risks at all?
Would individuals avoid contact with others for fear of illness? Would we all remove ourselves to reclusive existences living in the equivalent of a nursing home with padded walls and floors and grab bars so we could never fall and hit our heads?
Would agoraphobia become a fact of life along with paranoia and hypochondria?
I mean, if you know your life is going to be a brief candle of only seventy or eighty years, you might say: "Heck, life is short, so what difference does it make if I take some chances?"
I know you could argue that a short life should actually make us more self-protective, but consider how you would feel knowing that if you died accidentally at seventy you could be missing out on more than one-hundred years of additional life? That's where madness and paranoia might lie.
I'd argue that such paranoia isn't very different from what people experience today. Regardless, if the numbers of the (perhaps healthily and normally) superaged steadily grew, what would happen to the age pyramid, to economies, to the environment? One scientist, Leonid Gavrilov, has argued that limits to life expectancy are probabilistic rather than deterministic, and that despite lengthened lifespans populations need not rise substantially.
Psychological consequences aside, Leonid Gavrilov, in "Demographic consequences of defeating aging," (presented at the Strategies for Engineered Negligible Senescence Conference, Queens' College, Cambridge, England, September, 2009) asks: "Is it possible to have a sustainable population dynamics in a future hypothetical non-aging society?"
In computer simulations, Gavrilov concluded that "population changes are surprisingly slow in their response to a dramatic life extension. For example, we applied the cohort-component method of population projections to 2005 Swedish population for several scenarios of life extension and a fertility schedule observed in 2005. Even for very long 50-year projection horizon, with the most radical life extension scenario (assuming no aging at all after age 50), the total population increases by 35 percent only (from 9.1 to 13.3 million)."
Paradoxically, the population might even decline "if some members of the society reject to use new anti-aging technologies for some religious or any other reasons (inconvenience, non-compliance, fear of side effects, costs, etc.)."
Immortal parents, if they had only one child per couple, would double the population over time. The population would not grow infinitely.
"In other words, a population of immortal reproducing organisms can grow indefinitely in time, but not necessarily indefinitely in size, because asymptotic growth is possible," Gavrilov said in an interview with Rejuvenation Research (Volume 12, Number 5, 2009).
"The startling conclusion is that fears of overpopulation based on lay common sense and uneducated intuition are, in fact, grossly exaggerated."
He adds: "In brief, we found that defeating aging, the joy of parenting, and sustainable population size are not mutually exclusive. This is an important point, because it can change the current public perception that life extension necessarily leads to overpopulation."
Much depends on the nature of fertility in this brave new world. If it's possible for people to become parents for a longer period of time--if reproductive organs retain their potency for longer, or if some technological combination like cloning and artificial wombs comes about--then their might be a longer window of fertility. Given the current tendency for fertility to be postponed, this might well allow replacement fertility to be reached even in societies marked by lowest-low fertility.
One thing's for certain: if human lifespans are significantly extended, especially but not only if working lifespans are extended, the pensions systems currently existing will be almost absurdly unaffordable. If people could continue to retire in a particular country at (say) 65, while lifespans amounted to (say) 120 years and people would be sufficiently healthy to work to 100, barring unimaginably huge increases in productivity pensions specifically and social security systems generally would need to be massively revised.
Thoughts? As I said at the beginning, this is an absurdly speculative post, but I'd be interested to see what you'd think of the situation. Don't worry: there's going to be a purely non-speculative post on this subject tomorrow.
Friday, February 05, 2010
Some speculations on the effects of significantly extended lifespans
Posted by Randy McDonald at 12:19 AM
Labels: ageing, boomers, global ageing
Subscribe to: Post Comments (Atom)
I would imagine a society where lifespans and health are significantly extended beyond the current level probably wouldn't even have a system like the current one. I mean, think about if you could live for 500 years. Why would you need social security, when pretty much any investments you make will be quite sizeable later in the middle of your life barring hyper-inflation?
My guess is that a society where illness and accidents aren't banished but effective immortality would be a more cautious one, but not paranoid. You'd probably see a lot more cooperation, simply because odds are you will live to see the benefits and downturns of any action you commit, and may have to live with the same set of people for even longer.
Actually if everyone's saving, the interest rate will probably plummet. On a large scale compound interest must bow to the worker (plus technnology) to dependent ratio. Though you could save up resources simply to live on directly, eating into them at the end of your life... but that still leads to social security for those who outlive planning. In general public security or private insurance/annuities will be more efficient than private saving, because a prudent individual has to plan for the maximal lifespan, whereas a pool can just save for the average lifespan.
I made some points similar to Damien's here:
You have to consider the effects of demographics *on* rates of return, and those point lower.
Technology can help, but if it's biotechnology that's making the most substantial advances...
Actually if everyone's saving, the interest rate will probably plummet.
Hence why I used the term "investments". I wasn't referring solely to savings.
I could imagine an interesting pattern emerging: Save and work for, say, 50 years, then take 10-20 years off for RnR/education. Rinse and repeat.
Age demographics threaten equity returns as well, and if retirement ages were significantly higher, then you've already solved that problem by definition.
The deeper question is to what extent 20th century size returns were an artifact of population growth and quasi-growth. By quasi-growth I mean globalization, and Africa aside, is the rate of globalization also not past its inflection point?
Humans numbers are discrete and thus asymptotic growth is impossible.
The number can rise and then fall, or stay steady about some number, but it can't asymptotically approach some finite number.
Right now it looks like as if aging is suppressing internal demand. Another thing is that older populations tend to be more conservative and reluctant to change. They also tend to oppose austerity measures. This is why I believe that PIIGS and actually PIGS. Ireland will recover by implementing drastic cuts, but PIGS will struggle to convince the population to cooperate.
Regarding pensions - Michael Zey has a fascinating book where he discusses this. He points out that there are already several major companies that are giving their employees sabbatical leave - paid, partially paid or unpaid, depending on the company - after a certain number of years of service. The companies are figuring that as people work for them longer and longer, they need the occasional chance to take an extended leave from work. If they don't get that chance, the company risks losing them and all their accumulated experience.
Zey suggests that as lifespans become longer, we'll get more and more distant from the traditional "get an education, work a single career, then retire" model. Instead, we'll move towards a "get on education, work on some career, then eventually take some years off to retrain and pick a new career" kind of model.
Governments could abandon the old pension system, and instead adopt a system that gives you X years of pension for every Y years worked, usable at any time you liked. Note also that there'll be immense savings from people being physically young for perpetuity and needing extensive healthcare as old. This will make it possible to give such paid leave more frequently.
A relevant study. Barclays Capital argues that demographic situation and entitlement crisis will lead to a decade of “disastrous returns” in bonds, with nominal yields rising. I still haven't seen the full report yet or the details of their model.
Post a Comment