The Aging Consumer

The Aging Consumer: Perspectives from Psychology and Marketing, 2nd edition takes stock of what is known around age and consumer behavior, identifies gaps and open questions within the research, and outlines an agenda for future research. There has been little systematic research done with respect to the most basic questions related to age and consumer behavior, such as whether older adults versus young and middle-age adults respond to marketing activities including pricing, promotions, product design, and distribution. Written by experts, The Aging Consumer compiles research on a broad range of topics on consumer marketing, from an individual to a societal level of analysis. This second edition provides new versions of chapters contained in the 2010 volume that have been updated to reflect the latest psychological and marketing research and thinking. Included also are ten new chapters which cover exciting new ground, such as changes in metacognition in older adults, motivated cognition of the aging consumer, and a global perspective on aging and the economy across cultures. This updated volume is beneficial for researchers and practitioners in marketing, consumer behavior, and advertising. Additionally, The Aging Consumer, 2nd edition will appeal to professionals in other fields such as psychology, decision sciences, gerontology and gerontological social work, and those who are concerned with normal human aging and its implications for the everyday behavior of older individuals. It will also be of interest to those in fields concerned with the societal implications of an aging population, such as economics, policy, and law.

Aimee Drolet, MA, AM, and Ph.D. is the Marion Anderson Chair of Management, The Anderson School at the University of California, Los Angeles, USA (UCLA). She specializes in consumer decision-making. Her research looks at the mental processes underlying consumers' choices, specifically focusing on decision-making among older consumers. Her latest research focuses on the development of habits and on the preference for moderation. Carolyn Yoon, MBA, Ph.D., is Professor of Marketing at the Stephen M. Ross School of Business, University of Michigan, USA. Her research investigates psychological and neural mechanisms underlying decision processes across the lifespan, with a focus on generating insights that facilitate improvements in life satisfaction and well-being among older consumers.

Part I: Cognitive Changes with Age 1. Cognitive Neuroscience of Aging 2. Changes in Memory and Metacognition in Older Adulthood 3. Motivated Cognition and Curiosity in the Aging Consumer Part II: Influence of Aging on Decision Making 4. Aging-related Changes in Decision Making 5. Effects of Age on Risky and Intertemporal Choices: Decision Strategies and Real-World Implications 6. Effects of Age on Spending Behavior for Consumer Packaged Goods Part III: Implications of Aging on Consumer Behavior 7. Successful Retirement: From Retiring to Rewiring 8. Impact of Age on Brand Choice 9. Comprehension of and Vulnerability to Persuasive Marketing Communications among Older Consumers 10. Age Branding 11. Designing Products for Older Consumers: A Human Factors Perspective Part IV: New Direction in Aging Research 12. Subjective Age and Older Consumers 13. Aging Across the World: The Interplay of Demographic, Economic, Historical, and Cultural Factors 14. The Influence of Creativity on Objective and Subjective Well-being in Older Adulthood 15. Are Young Adults More Narcissistic Than Older Adults? 16. Smart Living for Older People and the Aging Consumer