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Patricia (Pat) Milligan

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  1. Milken Institute57 min

    Race, Gender, and Work: The Economics of Healthy Aging

    Patricia (Pat) Milligan, William Dow, Sarita Gupta, Cara James, Lisa Margeson, Debra Whitman

    A comprehensive analysis of systemic inequalities reveals that women face significant wealth and health disadvantages driven by caregiving burdens, racial disparities, and labor force interruptions that cost the average female caregiver $300,000 in lost benefits. While structural barriers like age discrimination and a cultural silence on personal finance exacerbate these gaps, progressive policy interventions such as Hawaii's Kāpūna Caregiver Program and Washington's Long-Term Care Trust Act are beginning to revalue unpaid care work. Economic experts and major corporations now advocate for universal family care insurance and expanded paid leave to normalize caregiving across genders and close the persistent wealth gap.

  2. Milken Institute59 min

    The Business of Aging: Capitalizing on the Demographic Shift

    Patricia (Pat) Milligan, Kirsten Axelsen, Laura Carstensen, Camilla Cavendish, Scott Frisch, Pat Milligan

    Global demographics are driving a critical divergence between rising life expectancy and stagnant healthy aging, creating urgent labor supply pressures and widening socioeconomic health gaps. Contrary to prevailing myths, data indicates that older workers enhance team productivity and stability, yet systemic barriers like age bias and a lack of targeted retention strategies continue to exclude them from the workforce. Experts recommend shifting from age-based to life-stage benefits and fostering flexible, two-way conversations to integrate aging populations into a reimagined career lifecycle.