Document Type
Working Paper
Date of this Version
8-10-2020
Abstract
Declining public resources necessitate collaboration between public and private investors in order to meet the demands of an aging society to ‘age in place.’ Aging in place is a term that has emerged in the past ten years to describe older people’s desire to stay in their home and community. This paper presents an overview of aging in place and the role of public-private partnerships in finding solutions. Examples illustrate the common elements of successful existing partnership models for future replication. Additional opportunities for innovation demonstrate that much more can be done to meet the needs of the aging population and honor their preference to age in place.
Keywords
aging in place, ageing in place, age-friendly community, public-private partnership
Working Paper Number
WP2020-21
Copyright/Permission Statement
Opinions and conclusions expressed herein are solely those of the author. All findings, interpretations, and conclusions of this paper represent the views of the author and not those of the Wharton School or the Pension Research Council. © 2020 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
Acknowledgements
The author thanks Steven Dennis, Sonia Talwar, Emily Summerhayes, and Laurel Caffeé for their research assistance.
Date Posted: 11 August 2020
Comments
The published version of this working paper may be found in the 2022 publication: New Models for Managing Longevity Risk: Public-Private Partnerships.