Why is ageing associated with lower adoption of new technologies? Evidence from voluntary medical male circumcision and a structural model

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<title>Why is ageing associated with lower adoption of new technologies? Evidence from voluntary medical male circumcision and a structural model</title>
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<namePart>Wilson, Nicholas</namePart>
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<abstract>A popular conception is that older people are less likely to adopt new technologies than are younger people. The mechanism underlying this relationship is less well-known. I provide evidence on this question using data from the introduction of voluntary medical male circumcision (VMMC), a new medical technology with substantial health benefits in high HIV prevalence settings. I find limited support for several leading potential mechanisms such as previous investment in older substitute technologies, cohort differences in educational attainment, or various life-cycle changes (i.e. marriage, having ever had sex, coital frequency). I provide a model demonstrating that shorter time horizons and lower consumption values of life mechanically associated with ageing may cause lower VMMC adoption among older males and simulate the adoption-age profile under various parameter assumptions. I discuss implications for policymaking and future research.

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<note type="statement of responsibility">Nicholas Wilson</note>
<subject>
<topic>Envejecimiento</topic>
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<subject>
<topic>Ageingnomics. Economia senior</topic>
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<subject>
<topic>Personas mayores</topic>
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<title>The Journal of the economics of ageing</title>
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<publisher>Oxford : Elsevier ScienceDirect, 2021-</publisher>
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<identifier type="local">MAP20210010194</identifier>
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<text>14/06/2021 Volumen 19 - 2021 , 16 p.</text>
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