Andrew Scott, Professor of Economics at London Business School (LBS), has been given a grant worth £790,949 across three and a half years under the Economic and Social Research Council (ESRC)’s Standard Research Grant programme.
The ESRC provides a range of funding opportunities to enable individuals and groups to pursue world-class research. It supports roughly 4,000 researchers from academic institutions and is one of seven UK Government-funded Research Councils.
Having won previous grants for researching risk and debt management, Professor Scott receives his most recent grant to research the impact of longer lives on the economy and the longevity effect of healthier ageing.
Commenting on his fourth ESRC grant award, Andrew said: “A lot of attention and concern is expressed at the prospect of an ageing society. However, as well as there being more old people, it is also the case that how we are ageing is changing. This creates an opportunity at both an individual and societal level for a ‘longevity dividend’.
“I am delighted that the ESRC is helping to fund my research into the size of this dividend and the potential channels through which it can be maximised. There have been phenomenal gains in life expectancy over the last 100 years and we need to find ways to maximise the benefits from this extraordinary achievement."