Gone with the Windfall – Germany's Second LTC Strengthening Act and its Intergenerational Implications
Publication date: Available online 14 February 2020Source: The Journal of the Economics of AgeingAuthor(s): Lewe Bahnsen, Stefan Fetzer, Fabian Franke, Christian Hagist (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - February 15, 2020 Category: Health Management Source Type: research

Editorial Board
Publication date: February 2020Source: The Journal of the Economics of Ageing, Volume 15Author(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - February 2, 2020 Category: Health Management Source Type: research

Tenure Choice, Portfolio Structure and Long-term Care - Optimal Risk Management in Retirement
Publication date: Available online 31 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Hans Fehr, Maurice HofmannAbstractWe study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer long-term care risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low. Our simulation results indicate that the public long-term care system reduces the homeownership rate in Germany by u...
Source: The Journal of the Economics of Ageing - January 31, 2020 Category: Health Management Source Type: research

Taking control: active investment choice in Singapore’s national defined contribution scheme
Publication date: Available online 28 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Joelle H. FongAbstractThis paper examines what factors drive active investment choice among more than 7,000 older plan participants in the Singaporean Central Provident Fund (CPF), and assesses the extent to which financial knowledge, experience, and attitudes help predict such choice. We find that only 16% of plan participants aged 50 and above in our sample in 2016 invest a portion of their pension savings outside of the default government-run CPF fund. Plan participants who are male, younger, not married, currently...
Source: The Journal of the Economics of Ageing - January 30, 2020 Category: Health Management Source Type: research

How Do Subjective Life Expectancies Compare with Mortality Tables? Similarities and Differences in Three National Samples
Publication date: Available online 25 January 2020Source: The Journal of the Economics of AgeingAuthor(s): D .Bell, D .Comerford, E .DouglasAbstractEstimates of personal longevity play a vital role in decisions relating to asset accumulation and decumulation. Subjective life expectancy (SLE) is a measure of individuals’ expectation of remaining years of life. Either explicitly or implicitly, it is a key determinant of consumption and savings behaviour, and may be guided by a person’s own health and health behaviours. The Gateway to Global Aging, a platform for the Health and Retirement Study’s (HRS) famil...
Source: The Journal of the Economics of Ageing - January 26, 2020 Category: Health Management Source Type: research

Retirement and Health Investment Behaviors: An International Comparison
Publication date: Available online 22 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Hiroyuki Motegi, Yoshinori Nishimura, Masato Oikawa (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - January 22, 2020 Category: Health Management Source Type: research

Willingness to pay for long-term home care services: Evidence from a stated preferences analysis
Publication date: Available online 20 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Anna Amilon, Jacob Ladenburg, Anu Siren, Stine Vernstrøm ØstergaardAbstractPopulation aging is expected to result in an increased demand for long-term home care services world-wide. In Denmark, long-term home care is predominately provided by local municipalities and is publicly financed. This paper uses a stated preferences approach to study the willingness to pay (WTP) for various components of long-term home care services, using household taxes as the payment vehicle. In our discrete choice experiment...
Source: The Journal of the Economics of Ageing - January 21, 2020 Category: Health Management Source Type: research

Displaced, disliked and misunderstood: A systematic review of the reasons for low uptake of long-term care insurance and life annuities
Publication date: Available online 20 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Timo R. Lambregts, Frederik T. SchutAbstractWith aging populations, the role of private insurance in financing late-in-life risks is likely to grow. Yet, demand for long-term care insurance (LTCI) and life annuities (hereafter annuities) is very limited and lags behind economic projections. This systematic literature review surveys the large number of theoretical and empirical studies analyzing this contradiction. We examine the LTCI and annuity puzzles separately and show which factors limit demand for insurance agai...
Source: The Journal of the Economics of Ageing - January 21, 2020 Category: Health Management Source Type: research

Health Inequality among Chinese Older Adults: The Role of Childhood Circumstances
Publication date: Available online 16 January 2020Source: The Journal of the Economics of AgeingAuthor(s): Binjian Yan, Xi Chen, Thomas M. GillAbstractThis paper examines the extent to which childhood circumstances contribute to health inequality in old age and how the contributions may vary across key dimensions of health. We link the China Health and Retirement Longitudinal Study (CHARLS) in 2013 and 2015 with its Life History Survey in 2014 to quantify health inequality due to childhood circumstances for which they have little control. We evaluate comprehensive dimensions of health ranging from cognitive health, mental ...
Source: The Journal of the Economics of Ageing - January 18, 2020 Category: Health Management Source Type: research

Social Security Expansion and Neighborhood Cohesion: Evidence from Community-Living Older Adults in China
Publication date: Available online 24 December 2019Source: The Journal of the Economics of AgeingAuthor(s): Elizabeth Bradley, Xi Chen, Gaojie TangAbstractGrants and services provided by the government may crowd out informal arrangements, thus weakening informal caring relations and networks. In this paper, we examine the impact of social security expansion on neighborhood cohesion of elders using China’s New Rural Pension Scheme (NRPS), one of the largest existing pension program in the world. Since its launch in 2009, more than 400 million Chinese have enrolled in NRPS. We use two waves of China Health and Retireme...
Source: The Journal of the Economics of Ageing - December 24, 2019 Category: Health Management Source Type: research

Leaving Money on the Table? Suboptimal Enrollment in the New Social Pension Program in China
Publication date: Available online 20 December 2019Source: The Journal of the Economics of AgeingAuthor(s): Xi Chen, Lipeng Hu, Jody SindelarAbstractChina’s recently implemented New Rural Pension Scheme (NRPS), the largest social pension program in the world, was designed to provide financial protection for its rural population and reduce economic inequities. Yet the impact of this program is mitigated if those eligible fail to enroll. This paper examines the extent to which pension-eligible individuals, and their families, make optimal pension decisions. Families are involved in the NRPS decisions because, in most c...
Source: The Journal of the Economics of Ageing - December 21, 2019 Category: Health Management Source Type: research

The gender dimension of intergenerational transfers in Europe
Publication date: Available online 14 December 2019Source: The Journal of the Economics of AgeingAuthor(s): Bernhard Hammer, Sonja Spitzer, Lili Vargha, Tanja IsteničAbstractThis paper analyses the gender dimension of intergenerational transfers in 15 European countries using National Transfer Accounts (NTA) data on age- and gender-specific transfers in 2010. We combine NTA data with information from life tables to derive measures of gender-specific net transfers over the whole life course and by life stages. The analysis distinguishes between public and private transfer flows, and accounts for transfers of services produ...
Source: The Journal of the Economics of Ageing - December 15, 2019 Category: Health Management Source Type: research

The gender gap in education and late-life cognition: Evidence from multiple countries and birth cohorts
Publication date: Available online 26 November 2019Source: The Journal of the Economics of AgeingAuthor(s): Marco Angrisani, Jinkook Lee, Erik MeijerAbstractWe document side-by-side trends in the gender gap of educational achievement and late-life cognition across countries. By and large, we find that, within the cohorts born between 1920 and 1959, women have had significantly lower educational attainment than men, with the gap narrowing over time. Correspondingly, we estimate a pronounced tendency of women's cognition to improve over time relative to men. We investigate whether these co-movements are likely due to the nar...
Source: The Journal of the Economics of Ageing - November 28, 2019 Category: Health Management Source Type: research

Editorial Board
Publication date: 2019Source: The Journal of the Economics of Ageing, Volume 14Author(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 19, 2019 Category: Health Management Source Type: research

Publisher's note
Publication date: 2019Source: The Journal of the Economics of Ageing, Volume 14Author(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 19, 2019 Category: Health Management Source Type: research

Gender Differences in Cognitive Function among Older Mexican Immigrants
Publication date: Available online 7 November 2019Source: The Journal of the Economics of AgeingAuthor(s): Maria Casanova, Emma AguilaAbstractThis paper uses data from the Health and Retirement Study (HRS) and the Mexican Health and Aging Study (MHAS) to study the cognitive function of Mexican-born older adults residing in the United States (Mexican immigrants). We find that, once differences in socioeconomic factors are accounted for, the cognitive function of male Mexican immigrants is statistically indistinguishable from that of male non-Hispanic (NH) whites, but the cognitive scores of female Mexican immigrants remain ...
Source: The Journal of the Economics of Ageing - November 7, 2019 Category: Health Management Source Type: research

Age of managers and employees – Firm survival
Publication date: February 2020Source: The Journal of the Economics of Ageing, Volume 15Author(s): Mikaela Backman, Charlie KarlssonAbstractMany developed countries will face a disproportionately large share of older individuals in the future. This change may lead to a labour force characterized by older employees and older operational managers. This paper contributes to the existing literature on the effect of aging on firm performance by performing an explorative analysis of how the age of the operational manager and the age composition of employees relate to the survival of Swedish firms during 2004–2013. We obser...
Source: The Journal of the Economics of Ageing - November 6, 2019 Category: Health Management Source Type: research

Working Hours Mismatch, Job Strain and Mental Health Among Mature Age Workers in Australia
Publication date: Available online 2 November 2019Source: The Journal of the Economics of AgeingAuthor(s): Riyana Miranti, Jinjing LiAbstractPrevious literature has discussed the relationships between non-participation and underemployment in the labour market with health and wellbeing, including the impact of these circumstances on mental health. While it is sometimes argued that a mismatch between the actual number of hours worked and people’s preferences about the amount of work they want has an association with mental health, findings are mixed. Moreover, job characteristics and age-specific factors are often not ...
Source: The Journal of the Economics of Ageing - November 3, 2019 Category: Health Management Source Type: research

Age of Managers and Employees -Firm Survival
Publication date: Available online 25 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Mikaela Backman, Charlie KarlssonAbstractMany developed countries will face a disproportionately large share of older individuals in the future. This will generally lead to a labour force characterized by older employees and older operational managers. This paper contributes to the existing literature on the effect of aging on firm performance by performing an explorative analysis of how the age of the operational manager and the age composition of employees relate to the survival of Swedish firms during 2004–20...
Source: The Journal of the Economics of Ageing - October 27, 2019 Category: Health Management Source Type: research

Profile of hospitalised elderly patients in Belgium—Analysis of factors affecting hospital costs
ConclusionAdvanced age is by itself only a weak predictor of hospital cost, but it is a good predictor of a longer hospital stay. (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 25, 2019 Category: Health Management Source Type: research

Divorce and well-being. Disentangling the role of stress and socio economic status
Publication date: Available online 10 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Danilo Cavapozzi, Simona Fiore, Giacomo PasiniAbstractWe investigate the happiness variations associated with divorce by drawing data from a retrospective panel dataset based on the third wave of the Survey of Health, Ageing and Retirement in Europe (SHARE) and covering 14 European countries. This dataset proposes as a powerful tool to control for reporting style heterogeneity in happiness self-evaluations. Indeed, in addition to individual fixed-effects, we control for full migration trajectories in order to remove b...
Source: The Journal of the Economics of Ageing - October 25, 2019 Category: Health Management Source Type: research

Two decades of the complementary leisure effect in Spain
Publication date: Available online 22 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Carlos Pérez, Ángel Martín-Román, Alfonso MoralAbstractThis work attempts to gauge the impact of the so-called complementary leisure effect (or shared leisure effect) on the increase in the labour force participation rates of older males who live with a partner observed in Spain since the mid-1990s. The principal novelty of the work is that the whole the period throughout which said phenomenon has been occurring (1995–2016) is taken into consideration. Another important point of atten...
Source: The Journal of the Economics of Ageing - October 22, 2019 Category: Health Management Source Type: research

Indirect costs of adult pneumococcal disease and productivity-based rate of return to PCV13 vaccination for older adults and elderly diabetics in Denmark
Publication date: 2019Source: The Journal of the Economics of Ageing, Volume 14Author(s): J.P. Sevilla, Andrew Stawasz, Daria Burnes, Peter Bo Poulsen, Reiko Sato, David E. Bloom (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 16, 2019 Category: Health Management Source Type: research

The Economic Consequences of Hospitalizations for Older Workers across Countries
Publication date: Available online 12 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Corina Mommaerts, Syed Hassan Raza, Yu ZhengAbstractThis paper estimates the effect of hospital admissions among older workers on economic outcomes across countries. We use harmonized longitudinal survey data from the United States, China, and 13 countries in Europe, and follow the event study design of Dobkin et al., 2018 to estimate dynamic effects of a hospitalization on out-of-pocket health expenditures, labor market outcomes, social insurance payments, and household income. We find distinctly different patterns a...
Source: The Journal of the Economics of Ageing - October 13, 2019 Category: Health Management Source Type: research

Profile of hospitalised elderly patients in Belgium — Analysis of factors affecting hospital costs
Publication date: Available online 10 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Julie De Foor, Christelle Senterre, Pol Leclercq, Dimitri Martins, Magali Pirson (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 11, 2019 Category: Health Management Source Type: research

Financial Literacy of Middle-Aged and Older Individuals: Comparison of Japan and the United States
We present some interesting findings. First, financial literacy is generally influenced by educational attainment, cognitive skills, coursework in economics or finance, and income level. Second, financial literacy is associated with household asset allocation; individuals with higher literacy also have investment in stocks or securities. These patterns are commonly observed both in Japan and the United States. (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 11, 2019 Category: Health Management Source Type: research

Divorce and well-being. Disentangling the role of stress and socio economic status.
Publication date: Available online 10 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Danilo Cavapozzi, Simona Fiore, Giacomo PasiniAbstractWe investigate the happiness variations associated with divorce by drawing data from a retrospective panel dataset based on the third wave of the Survey of Health, Ageing and Retirement in Europe (SHARE) and covering 14 European countries. This dataset proposes as a powerful tool to control for reporting style heterogeneity in happiness self-evaluations. Indeeda, in addition to individual fixed-effects, we control for full migration trajectories in order to remove ...
Source: The Journal of the Economics of Ageing - October 11, 2019 Category: Health Management Source Type: research

Protecting the elderly and children in times of crisis: An analysis based on National Transfer Accounts
Publication date: Available online 10 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Meritxell Solé, Guadalupe Souto, Elisenda Renteria, Giorgos Papadomichelakis, Concepció PatxotAbstractThe welfare state has been shown to be a powerful, effective mechanism in the fight against poverty and social exclusion. Yet, it retains a surprising bias towards the elderly, as identified in more than one strand of the social sciences literature. We construct the National Transfer Accounts (NTA) for Spain before and after the Great Recession to determine how this bias might have shifted during the cri...
Source: The Journal of the Economics of Ageing - October 11, 2019 Category: Health Management Source Type: research

Wills, Public Policy, and Financial Well-Being Among Surviving Spouses
Publication date: Available online 1 October 2019Source: The Journal of the Economics of AgeingAuthor(s): Lauren Hersch Nicholas, Micah Y. BaumAbstractThe loss of a spouse is widely recognized as a large financial shock to many households. In this paper, we use harmonized, cross-national survey data from the Health and Retirement Study, the Survey of Health, Ageing and Retirement in Europe, and the English Longitudinal Study of Ageing to study will use, inheritance policies, and retained wealth among surviving spouses. We document significant cross-national variation in will use and default spousal inheritance regimes in t...
Source: The Journal of the Economics of Ageing - October 2, 2019 Category: Health Management Source Type: research

Do partners of severely disabled elderly protect against nursing home entry? Evidence from a French cohort
ConclusionsThe low protective effect of partners against the risk of nursing home entry for the oldest-old or severely disabled should lead to a reassessment of the relevance of informal support for this specific group of individuals. (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - September 30, 2019 Category: Health Management Source Type: research

Economic development and long-term care provision by families, markets and the state
Publication date: Available online 28 September 2019Source: The Journal of the Economics of AgeingAuthor(s): Akira YakitaAbstractIn earlier stages of economic development, women mainly serve as family elderly care providers. With economic development, progress by women in the work force has lowered care levels. If levels should fall below the minimum care level for elderly parents, then children might enter into insurance contracts and even demand provision of long-term elderly care by the state. Such a change in elderly care provision is consistent with predictions that have been presented in the literature. As a further ...
Source: The Journal of the Economics of Ageing - September 30, 2019 Category: Health Management Source Type: research

The Powerful Combination of Cross-country Comparisons and Life-History Data
Publication date: Available online 3 September 2019Source: The Journal of the Economics of AgeingAuthor(s): James Banks, Agar Brugiavini, Giacomo PasiniAbstractIn this paper we discuss the value of international comparative empirical studies within the broad field of the economics of ageing. We argue the value is particularly great when such comparative research is based on long life-history data on participants, collected using large-scale autobiographical life-history methods. We identify particular aspects of such comparisons that create value relative to other empirical methods and also briefly survey recent key papers...
Source: The Journal of the Economics of Ageing - September 4, 2019 Category: Health Management Source Type: research

Fiscal sustainability in Japan: what to tackle?
Publication date: Available online 26 August 2019Source: The Journal of the Economics of AgeingAuthor(s): Selahattin İmrohoroğlu, Sagiri Kitao, Tomoaki YamadaAbstractJapan leads advanced economies in terms of the speed and magnitude of demographic aging and has the highest debt to GDP ratio. Furthermore, public pension, medical and long-term care (LTC) expenditures are projected to far outpace revenues and create even more severe fiscal burdens. In this paper, we develop an accounting model populated with overlapping generations of individuals and incorporate social insurance programs in detail, use most recent estimates...
Source: The Journal of the Economics of Ageing - August 27, 2019 Category: Health Management Source Type: research

Do Private Household Transfers to the Elderly Respond to Public Pension Benefits? Evidence from Rural China
Publication date: Available online 8 August 2019Source: The Journal of the Economics of AgeingAuthor(s): Plamen Nikolov, Alan AdelmanAbstractAging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make income contributions to their parents could adjust their behavior in response to changes in their parents’ income. Exploiting a unique policy intervention in China, we examine using a differe...
Source: The Journal of the Economics of Ageing - August 10, 2019 Category: Health Management Source Type: research

Indirect costs of adult pneumococcal disease and productivity-based rate-of-return to PCV13 vaccination for older adults and elderly diabetics in Denmark
Publication date: Available online 8 August 2019Source: The Journal of the Economics of AgeingAuthor(s): JP Sevilla, Andrew Stawasz, Daria Burnes, Peter Bo Poulsen, Reiko Sato, David Bloom (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - August 10, 2019 Category: Health Management Source Type: research

Is there a connection between welfare regimes and inter-age reallocation systems?
Publication date: Available online 8 August 2019Source: The Journal of the Economics of AgeingAuthor(s): Joze Sambt, Tanja Istenič, Lili VarghaAbstractPrevious research connecting transfers and welfare regimes is to some extent limited, as it focuses mainly on either public or private transfers or it takes into account only certain age groups. This paper uses the recently developed National Transfer Accounts (NTA) methodology that enables comprehensive measurement of (1) public and (2) private intergenerational transfers (the ones that go through monetary transactions and those that result from the family provision of wel...
Source: The Journal of the Economics of Ageing - August 10, 2019 Category: Health Management Source Type: research

The role of self-employment in ireland’s older workforce
Publication date: Available online 6 August 2019Source: The Journal of the Economics of AgeingAuthor(s): Anne Nolan, Alan BarrettAbstractA feature of employment at older ages that has been observed in many countries, including Ireland, is the higher share of self-employment. This pattern of higher self-employment rates may reflect lower rates of retirement among the self-employed compared to employees, as well as transitions into self-employment at older ages. While the US literature finds evidence for both explanations, the non-US literature is more ambiguous. In this paper, we use data from four waves of the Irish Longit...
Source: The Journal of the Economics of Ageing - August 7, 2019 Category: Health Management Source Type: research

Editorial Board
Publication date: May 2019Source: The Journal of the Economics of Ageing, Volume 13Author(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - May 25, 2019 Category: Health Management Source Type: research

The rising longevity gap by lifetime earnings – Distributional implications for the pension system
This study uses German social security records to provide novel evidence on cohort trends of the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is increasing across cohorts. For West German male employees born 1926–28, the longevity gap between top and bottom decile amounts to about 4 years (about 30%). This gap increases to 7 years (almost 50%) for cohorts 1947–49. We extend our analys...
Source: The Journal of the Economics of Ageing - May 24, 2019 Category: Health Management Source Type: research

The rising longevity gap by lifetime earnings - distributional implications for the pension system
This study uses German social security records to provide novel evidence on cohort trends of the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is increasing across cohorts. For West German male employees born 1926-28, the longevity gap between top and bottom decile amounts to about 4 years (about 30%). This gap increases to 7 years (almost 50%) for cohorts 1947-49. We extend our analysis to the househ...
Source: The Journal of the Economics of Ageing - May 17, 2019 Category: Health Management Source Type: research

Determinants of Health-Care Costs in the oldest-old in Germany
Publication date: Available online 15 May 2019Source: The Journal of the Economics of AgeingAuthor(s): Christian Brettschneider, Andre Hajek, Susanne Röhr, Angela Fuchs, Dagmar Weeg, Silke Mamone, Jochen Werle, Kathrin Heser, Tina Mallon, Janine Stein, Michael Pentzek, Horst Bickel, Birgitt Wiese, Siegfried Weyerer, Michael Wagner, Hendrik van den Bussche, Wolfgang Maier, Martin Scherer, Steffi G Riedel-Heller, Hans-Helmut KönigAbstractThe population of the oldest old often suffers from ill health and causes high health care costs. Yet, this group has rarely been examined. We investigated determinants of health c...
Source: The Journal of the Economics of Ageing - May 16, 2019 Category: Health Management Source Type: research

Population Change and the Regional Distribution of Physicians
Publication date: Available online 4 April 2019Source: The Journal of the Economics of AgeingAuthor(s): Michael Kuhn, Carsten OchsenAbstractBased on an intertermporal entry model of the physician market, we analyze how the supply of office-based physicians depends on regional character and on the age-structure of the local population as determinants of the current profitability of physician services, on local population change as a predictor of future demand, and on the extent of equilibrium adjustment within local markets. Using German regional data, we find that the number of general practitioners (GPs) per capita is pos...
Source: The Journal of the Economics of Ageing - April 5, 2019 Category: Health Management Source Type: research

Economic Effects of Demographic Dividend in Brazilian Regions
Publication date: Available online 4 April 2019Source: The Journal of the Economics of AgeingAuthor(s): Diogo Baerlocher, Stephen L. Parente, Eduardo Rios-NetoAbstractExploiting heterogeneity across Brazilian micro-regions over the 1970-2000 period, this paper examines whether the demographic dividend extends beyond a pure accounting effect. Using a Sys-GMM approach, it finds evidence that changes in age structure have only pure accounting effects after controlling for human capital. Therefore, in the case of Brazilian micro-regions, there is a second demographic dividend, which is associated with education. This second di...
Source: The Journal of the Economics of Ageing - April 5, 2019 Category: Health Management Source Type: research

Health effects of caring for and about parents and spouses
Publication date: Available online 26 March 2019Source: The Journal of the Economics of AgeingAuthor(s): Judith Bom, Pieter Bakx, Frederik Schut, Eddy van DoorslaerAbstractInformal caregiving is a potentially attractive alternative to formal care but may entail health costs for the caregiver. We examine the mental and physical health impact of providing informal care and disentangle the caregiving effect – the effect of caring for someone in need – from the family effect – the effect of caring about someone in need. We account for the main sources of endogeneity in the caregiving decision using Arellano-B...
Source: The Journal of the Economics of Ageing - March 27, 2019 Category: Health Management Source Type: research

The Economics of Ageing and Inequality: Introduction to the special issue
Publication date: Available online 14 March 2019Source: The Journal of the Economics of AgeingAuthor(s): Vadim Kufenko, Klaus Prettner, Alfonso Sousa-Poza (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - March 14, 2019 Category: Health Management Source Type: research

Expansion of Public Transfers in China: Who Are the Beneficiaries?
Publication date: Available online 26 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Wang Feng, Ke Shen, Yong CaiAbstractWith expanded fiscal capacity and rising concerns over economic inequality, the Chinese government in the last decade and half has vastly rebuilt and expanded its social welfare regime. Using the National Transfer Accounts (NTA) methodology and both micro-level survey data and macro-level government statistics, this paper examines the distribution of public transfers in education, health care and pension across generations and income groups in 2014 and compare it with those in 2010...
Source: The Journal of the Economics of Ageing - February 27, 2019 Category: Health Management Source Type: research

The Long-Term Impact of Functional Disability on Hospitalization Spending in Singapore
Publication date: Available online 27 February 2019Source: The Journal of the Economics of AgeingAuthor(s): C. Chen, J.T. Lim, N.C. Chia, L. Wang, B. Tysinger, J. Zissimopolous, M.Z. Chong, Z. Wang, G.C. Koh, J.M. Yuan, K.B. Tan, K.S. Chia, A.R. Cook, R. Malhotra, A. Chan, S. Ma, T.P. Ng, W.P. Koh, D.P. Goldman, J. YoongAbstractSingapore is one of the fastest-aging populations due to increased life expectancy and lowered fertility. Lifestyle changes increase the burden of chronic diseases and disability. These have important implications for social protection systems. The goal of this paper is to model future functional di...
Source: The Journal of the Economics of Ageing - February 27, 2019 Category: Health Management Source Type: research

Labor supply and fiscal effects of partial retirement – The role of entry age and the timing of pension benefits
Publication date: Available online 14 January 2019Source: The Journal of the Economics of AgeingAuthor(s): Peter Haan, Songül TolanAbstractIn recent years policy-makers are incentivizing later retirement entry by enabling flexible transitions into retirement through partial retirement. However, empirical evidence shows that the labor supply and related fiscal effects of more flexibility in the pension system, through partial retirement, are ambiguous and strongly depend on the design of partial retirement regimes. Two margins are in particular important: (1) the entry age into partial retirement programs; and (2) the ...
Source: The Journal of the Economics of Ageing - February 12, 2019 Category: Health Management Source Type: research

Do good working conditions make you work longer? Analyzing retirement decisions using linked survey and register data
Publication date: Available online 10 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Petri Böckerman, Pekka IlmakunnasAbstractWe analyzed the role of adverse working conditions and new management practices in the determination of employees’ retirement behavior. The combined data contain both comprehensive information on perceived job disamenities, job satisfaction, and intentions to retire from two nationally representative cross-sectional surveys and information on employees’ actual retirement decisions from longitudinal register data that can be linked to the surveys. Using a triva...
Source: The Journal of the Economics of Ageing - February 11, 2019 Category: Health Management Source Type: research

A Demographic Headwind: Will an Aging Society Reduce the Real Interest Rate and Potential Growth?
Publication date: Available online 8 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Patrick Emerson, Shawn KnabbAbstractIs secular stagnation a necessary result of population aging? This paper argues that demographic change itself is not enough to generate both slower economic growth and a lower real interest rate in an endogenous growth model with overlapping generations and human capital. It is then shown that the introduction of intergenerational transfer programs, specifically those that invest in public education and transfer resources to the elderly, can generate these dual observations. In fac...
Source: The Journal of the Economics of Ageing - February 9, 2019 Category: Health Management Source Type: research