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

Long-Run Improvements in Human Health: Steady But Unequal
Publication date: Available online 6 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Ana Lucia Abeliansky, Holger StrulikAbstractThere exists a steady trend at which later born cohorts, at the same age, are healthier than earlier born cohorts. We show this trend by computing a health deficit index for a panel of 14 European Countries and six waves of the Survey of Health, Aging, and Retirement in Europe (SHARE). We find that for each year of later birth, health deficits decline by on average 1.4 - 1.5 percent with insignificant differences between men and women, between countries, and over time. We ar...
Source: The Journal of the Economics of Ageing - February 7, 2019 Category: Health Management Source Type: research

Access to health care, medical progress and the emergence of the longevity gap: a general equilibrium analysis
Publication date: Available online 5 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Ivan Frankovic, Michael KuhnAbstractWe study skill- and income-related differences in the access to health care as drivers of longevity inequality from a theoretical life-cycle as well as from a macroeconomic perspective. To do so, we develop an overlapping generations model populated by heterogeneous agents subject to endogenous mortality. We model two groups of individuals for whom differences in skills translate into differences in income and in the ability to use medical technology effectively in curbing mortality...
Source: The Journal of the Economics of Ageing - February 6, 2019 Category: Health Management Source Type: research

Health Inequalities in the South African elderly: The Importance of the Measure of Social-Economic Status
Publication date: Available online 30 January 2019Source: The Journal of the Economics of AgeingAuthor(s): Carlos Riumallo-Herl, David Canning, Chodziwadziwa KabudulaAbstractA common approach when studying inequalities in health is to use a wealth index based on household durable goods as a proxy for socio-economic status. We test this approach for elderly health using data from an aging survey in a rural area of South Africa and find much steeper gradients for health with consumption adjusted for household size than with the wealth index. These results highlight the importance of the measure of socioeconomic status used w...
Source: The Journal of the Economics of Ageing - January 31, 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 - January 15, 2019 Category: Health Management Source Type: research

How does population ageing impact on personal income taxes and social security contributions?
Publication date: Available online 21 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Doris PrammerAbstractThis paper analyses the impact of population ageing on income tax revenues and social security contributions for Austria. A static analysis focusing only on ageing - based on three population scenarios from the literature - leads to declining per capita income tax revenues and social security contributions of up to ten percent. However, a dynamic analysis combining the population scenarios with long run scenarios, that assume growing real wages and pension benefits, leads to increasing per capita...
Source: The Journal of the Economics of Ageing - December 22, 2018 Category: Health Management Source Type: research

Preparing for population ageing: estimating the cost of formal aged care in China
Publication date: Available online 14 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Hong Mi, Xiaodong Fan, Bei Lu, Liming Cai, John PiggottAbstractChina, in common with many other countries in Asia, will confront rapidly increasing demand for formal Long-term Care (LTC) over coming decades. This paper uses a unique regional monthly database on utilization of comprehensive care in Qingdao, China, to estimate transition probabilities and compute duration of care, using Markov chain simulations. Duration of care estimates are then combined with price per unit of care to calculate the total cost of care...
Source: The Journal of the Economics of Ageing - December 15, 2018 Category: Health Management Source Type: research

Mortality in midlife for subgroups in Germany
Publication date: Available online 13 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Peter Haan, Anna Hammerschmid, Julia SchmiederAbstractCase and Deaton, 2015 document that, since 1998, midlife mortality rates are increasing for white non-Hispanics in the US. This trend is driven by deaths from drug overdoses, suicides, and alcohol-related diseases, termed as deaths of despair, and by the subgroup of low-educated individuals. In contrast, average mortality for middle-aged men and women continued to decrease in several other high-income countries including Germany. However, average mortality rates c...
Source: The Journal of the Economics of Ageing - December 13, 2018 Category: Health Management Source Type: research

Subsidies for Elderly Care with a Pay-As-You-Go Pension
Publication date: Available online 13 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Masaya YasuokaAbstractThis paper presents an examination of how a subsidy for elderly care services affects the labor supply in the market of elderly care and other services. We set the model economy with or without a pay-as-you-go pension and were able to derive the following results. First, in the model without a pension, the subsidy for elderly care services raises the aggregate labor supply because of substitution between formal and informal elderly care. Second, in the model with a pension, the subsidy for elder...
Source: The Journal of the Economics of Ageing - December 13, 2018 Category: Health Management Source Type: research

Lifetime Job Demands and Later Life Disability
Publication date: Available online 10 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Lauren Hersch Nicholas, Nicolae Done, Micah BaumAbstractOccupational characteristics may improve or harm health later in life. Previous research, largely based on limited exposure periods, reached mixed conclusions. We use Health and Retirement Study data linked to the Department of Labor’s O*Net job classification system to examine the relationship between lifetime exposure to occupational demands and disability later in life. We consistently find an association between non-routine cognitive demands and lower ...
Source: The Journal of the Economics of Ageing - December 11, 2018 Category: Health Management Source Type: research

Perspective piece on “Changes in the morbidity prevalence and morbidity-free life expectancy of the elderly population in China, 2000–2010” by Bei Lu, Xiaoting Liu, Mingxu Yang, and Jonathan Lim
Publication date: Available online 7 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Feng Wang (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 8, 2018 Category: Health Management Source Type: research

Perspective piece on “Transfers in an Aging European Union” by Fanny A. Kluge, Joshua R. Goldstein and Tobias C. Vogt
Publication date: Available online 7 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Elsa Fontainha (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 8, 2018 Category: Health Management Source Type: research

Perspective piece on “The distribution of pension wealth in Europe” by Javier Olivera
Publication date: Available online 4 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Pierre-Carl Michaud (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 4, 2018 Category: Health Management Source Type: research

Future Directions for Research on Financial Literacy and Financing Longevity: Perspectives from Professor Olivia S. Mitchell
Publication date: Available online 30 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 1, 2018 Category: Health Management Source Type: research

The Relationship Between Lifetime Out-of-pocket Medical Expenditures, Dementia, and Socioeconomic Status in the U.S.
Publication date: Available online 30 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Péter Hudomiet, Michael D. Hurd, Susann RohwedderAbstractDementia is one of the most expensive medical conditions. The costs are borne by families, by private insurance and by society via public programs such as Medicaid in the U.S.. There is extensive research on the relationship between dementia and annual medical spending. This paper, instead, estimates cumulative lifetime medical expenditures that can be attributed to the onset of dementia using a nationally representative longitudinal survey from the U.S....
Source: The Journal of the Economics of Ageing - December 1, 2018 Category: Health Management Source Type: research

Editorial Board
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 30, 2018 Category: Health Management Source Type: research

The policy challenges of financing longevity—A perspective from Japan
Publication date: Available online 28 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Hirotaka Unami (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 29, 2018 Category: Health Management Source Type: research

The effect of post-retirement employment on health
Publication date: Available online 27 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Michelle Pannor Silver, Adrian Rohit Dass, Audrey LaporteAbstractThis paper investigates the causal impact of re-entering the labour force from retirement on self-rated health and depressive symptoms paying careful attention to potential differences by gender. To address the potential endogeneity of work force re-entry, we use an instrumental variables approach in a conditional mixed process model combined with a correlated random effects specification estimated on data from 11 waves of the U.S. Health and Retirement...
Source: The Journal of the Economics of Ageing - November 28, 2018 Category: Health Management Source Type: research

Perspective piece on “Organizing old age pensions for India’s unorganized workers: A case study of a sector-driven approach”, by Narayana Muttur Ranganathan
Publication date: Available online 27 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 28, 2018 Category: Health Management Source Type: research

Perspective piece on “Trends in health and retirement in Latin America: Are older workers healthy enough to extend their working lives?” by Laeticia De Souza, Bernardo Queiroz, and Vegard Skirbekk
Publication date: Available online 23 November 2018Source: The Journal of the Economics of AgeingAuthor(s): David Lam (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 24, 2018 Category: Health Management Source Type: research

Financial Knowledge and Portfolio Complexity in Singapore
Publication date: Available online 24 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Benedict S.K. Koh, Olivia S. Mitchell, Susann RohwedderAbstractFinancial literacy in Singapore has not been analyzed in much detail, despite the fact that this is one of the world’s most rapidly aging nations. Using the Singapore Life Panel®, we explore older Singaporeans’ levels of financial knowledge and compare them to those observed in the United States. We assess portfolio complexity for these older households, to examine how financial literacy is related to outcomes of interest. We show that old...
Source: The Journal of the Economics of Ageing - November 24, 2018 Category: Health Management Source Type: research

Perspective piece on “Access to long term care after a wealth shock: Evidence from the housing bubble and burst” by Joan Costa Font, Richard Frank, and Katherine Swartz
Publication date: Available online 24 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Corina Mommaerts (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 24, 2018 Category: Health Management Source Type: research

Perspective piece on “One size fits all? Drawdown structures in Australia and The Netherlands,” by Jennifer Alonso García and Michael Sherris
Publication date: Available online 23 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Lee Lockwood (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 23, 2018 Category: Health Management Source Type: research

Perspectives on “Cognitive decline and household financial decisions at older ages” by Marco Angrisani and Jinkook Lee
Publication date: Available online 23 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Keith Jacks Gamble (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 23, 2018 Category: Health Management Source Type: research

Short and long-term change in subjective well-being among voluntary and involuntary retirees
Publication date: Available online 14 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Márta Radó, Michaël BoissonneaultAbstractThis paper investigates the differential change in subjective well-being among Hungarians 0 to 3 years and 8 to 11 years following voluntary and involuntary retirement. Controlling for baseline individual characteristics is important to circumvent possible endogeneity problems between retirement and subjective well-being; however, voluntary and involuntary retirees correspond to considerably different sets of observed confounders, and thus regression models ...
Source: The Journal of the Economics of Ageing - November 15, 2018 Category: Health Management Source Type: research

Health Disparities and the Socioeconomic Gradient in Elderly Life-Cycle Consumption
Publication date: Available online 13 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Ray Miller, Neha Bairoliya, David CanningAbstractWe quantify the importance of health disparities in explaining consumption differences at older ages by estimating a panel VAR model of elderly consumption, health, and mortality using data from the Health and Retirement Study. We use the estimated model and initial joint distribution of health and consumption to simulate elderly life-cycle paths and construct a measure of the net present value of expected remaining lifetime consumption at age sixty (NPVC). We first do...
Source: The Journal of the Economics of Ageing - November 14, 2018 Category: Health Management Source Type: research

Feature Interview with Dr. John Beard
Publication date: Available online 2 November 2018Source: The Journal of the Economics of AgeingAuthor(s): (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - November 4, 2018 Category: Health Management Source Type: research

I Shouldn’t Eat this Donut: Self-Control, Body Weight, and Health in a Life Cycle Model
Publication date: Available online 2 November 2018Source: The Journal of the Economics of AgeingAuthor(s): Holger StrulikAbstractIn this paper I discuss overweight and obesity and their repercussions on health deficit accumulation and longevity in a life cycle model. Individual decisions are conceptualized as the partial control of impulsive desires of a short-run self (the limbic system) by a rationally forward-looking long-run self (the prefrontal cortex). The short-run self strives for immediate gratification through consumption of food and other goods. The long-run self reflects the consequences of eating behavior on w...
Source: The Journal of the Economics of Ageing - November 4, 2018 Category: Health Management Source Type: research

Financing longevity: The economics of pensions, health, and long-term care: Introduction to the special issue
Publication date: Available online 11 October 2018Source: The Journal of the Economics of AgeingAuthor(s): Karen N. Eggleston, Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 21, 2018 Category: Health Management Source Type: research

Financing Longevity: The Economics of Pensions, Health, and Long-Term Care Introduction to the Special Issue
Publication date: Available online 11 October 2018Source: The Journal of the Economics of AgeingAuthor(s): Karen N. Eggleston, Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - October 11, 2018 Category: Health Management Source Type: research

The Economic Burden of Chronic Diseases: Estimates and Projections for China, Japan, and South Korea
Publication date: Available online 26 September 2018Source: The Journal of the Economics of AgeingAuthor(s): David E. Bloom, Simiao Chen, Michael Kuhn, Mark E. McGovern, Les Oxley, Klaus PrettnerAbstractWe propose a novel framework to analyse the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike previously adopted frameworks, this approach allows us to account for i) variations in human capit...
Source: The Journal of the Economics of Ageing - October 5, 2018 Category: Health Management Source Type: research

One size fits all? Drawdown structures in Australia and The Netherlands
Publication date: Available online 25 July 2018Source: The Journal of the Economics of AgeingAuthor(s): Jennifer Alonso-García, Michael SherrisAbstractAustralia and the Netherlands both combine an unfunded non-contributory flat rate pension with prefunded earnings related retirement schemes. Notwithstanding this similarity of structure, however, the two systems are very different. The Netherlands mandates annuitized drawdown structures. In Australia, no prescription, or even guidance, is offered. In both cases, products that better meet the needs of increasingly heterogeneous retirement cohorts are under considerati...
Source: The Journal of the Economics of Ageing - July 25, 2018 Category: Health Management Source Type: research

Access to Long Term Care After a Wealth Shock: Evidence from the Housing Bubble and Burst
Publication date: Available online 24 July 2018Source: The Journal of the Economics of AgeingAuthor(s): Joan Costa-Font, Richard G. Frank, Katherine SwartzAbstractHome equity is the primary self-funding mechanism for long term services and supports (LTSS). Using data from the relevant waves of the Health and Retirement Study, we exploit the exogenous variation resulting from the value of housing assets during the Great Recession to examine the effect of housing wealth on use of home health, unpaid help and nursing home care by older adults. Consistent with the idea that individuals consume part of their housing equity duri...
Source: The Journal of the Economics of Ageing - July 25, 2018 Category: Health Management Source Type: research

Interview with Professor Olivia S. Mitchell
Publication date: Available online 18 July 2018Source: The Journal of the Economics of AgeingAuthor(s): Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - July 24, 2018 Category: Health Management Source Type: research

Transfers in an Aging European Union
Publication date: Available online 23 July 2018Source: The Journal of the Economics of AgeingAuthor(s): Fanny A. Kluge, Joshua R. Goldstein, Tobias C. VogtAbstractPopulation aging and longevity can pose challenges to the sustainability of fiscal budgets. This is of particular concern in Europe’s rapidly aging welfare states offering generous social support programs for the elderly. Still, there are differences in the pace of ageing and the generosity of welfare states. We use public tax and benefit age schedules from the National Transfer Accounts project to estimate the impact of population aging on fiscal budgets o...
Source: The Journal of the Economics of Ageing - July 24, 2018 Category: Health Management Source Type: research

Interview with Dr. Olivia S. Mitchell
Publication date: Available online 18 July 2018Source: The Journal of the Economics of AgeingAuthor(s): Anita Mukherjee (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - July 19, 2018 Category: Health Management Source Type: research

Do notional defined contribution schemes prolong working life? Evidence from the 1994 Swedish pension reform
Publication date: Available online 17 November 2016Source: The Journal of the Economics of AgeingAuthor(s): Haodong Qi, Jonas Helgertz, Tommy BengtssonAbstractThis paper investigates whether the Notional Defined Contribution (NDC) scheme prolongs working life. The evidence from the 1994 Swedish pension reform shows a gender and socio-economic gradient in the labor supply responses to phasing in NDC. While the reform exerted a large and significant positive effect on the average retirement age among highly educated and skilled, it had little or negative effect on those with low level of human capital. And the overall effect...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

Untapped work capacity among old persons and their potential contributions to the “silver dividend” in Japan
Publication date: Available online 7 February 2017Source: The Journal of the Economics of AgeingAuthor(s): Rikiya Matsukura, Satoshi Shimizutani, Nahoko Mitsuyama, Sang-Hyop Lee, Naohiro OgawaAbstractIn contemporary Japan, the utilization of healthy elderly persons in economic production is one of the most urgent policy matters. In this paper, we have measured the untapped work capacity of old persons, using the microdata gathered in the Japanese Study of Aging and Retirement (JSTAR), a longitudinal survey carried out on subjects aged 50–75. Our computed results show that the volume of untapped work capacity of the J...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

The hidden economics of informal elder-care in the United States
DiscussionThe pivotal role that IHH plays in the US healthcare system is largely based on the assumption that IHH comes at no cost. Conversely, our analyses suggest that its substitution costs may be considerable. It is crucial for policy-makers to support the provision of informal care as an affordable alternative to formal care. (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

The impact of social pensions on intergenerational relationships: Comparative evidence from China
Publication date: Available online 10 April 2017Source: The Journal of the Economics of AgeingAuthor(s): Xi Chen, Karen Eggleston, Ang SunAbstractChina launched a new rural pension scheme (hereafter NRPS) for rural residents in 2009, now covering almost all counties with over 400 million people enrolled. This implementation of the largest social pension program in the world offers a unique setting for studying the economics of intergenerational relationships during development, given the rapidity of China’s population aging, traditions of filial piety and co-residence, decreasing number of children, and dearth o...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

International projections of age specific healthcare consumption: 2015–2060
Publication date: Available online 21 April 2017Source: The Journal of the Economics of AgeingAuthor(s): Carl N. Mason, Timothy MillerAbstractWe construct a demographically informed model of age specific healthcare consumption for 36 countries of widely varying income and wealth, in the National Transfer Accounts project. We project healthcare consumption to 2060 using a modified Lee-Carter technique. In our modification, GDP per capita plays the role of time in explaining changes in the age-pattern of health consumption as countries become wealthier. We find that rising wealth mainly affects health consumption at older-ag...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

Counting unpaid work in Kenya: Gender and age profiles of hours worked and imputed wage incomes
Publication date: Available online 25 April 2017Source: The Journal of the Economics of AgeingAuthor(s): Moses K. Muriithi, Reuben G. Mutegi, Germano MwabuAbstractThe paper first presents profiles of unpaid work by age and gender before turning to profiles of their monetary values. We value unpaid work using a novel data set on hourly wages from the Kenya Gazette on salaries of workers covered by minimum wages mandated by the Government in 2015 (Republic of Kenya, 2015).We count unpaid work performed by men and women at home, on the farm, and within household enterprises. In particular, focus is on unpaid work that is also...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

Time discounting and economic decision-making in the older population
Publication date: Available online 19 May 2017Source: The Journal of the Economics of AgeingAuthor(s): David Huffman, Raimond Maurer, Olivia S. MitchellAbstractThis paper examines heterogeneity in time discounting among a representative sample of elderly Americans, as well as its role in explaining key economic behaviors at older ages. We show how older Americans evaluate simple (hypothetical) inter-temporal choices in which payments today are compared with payments in the future. Using the indicators derived from this measure, we then demonstrate that differences in discounting patterns are associated with characteristics...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

The savings gap in Hungary
Publication date: Available online 29 May 2017Source: The Journal of the Economics of AgeingAuthor(s): Róbert Iván Gál, Árpád TörzsökAbstractIn a simple cohort model we carry out a projection based on current per capita age profiles of labour income and consumption and combine them with expected future age compositions. We use 2012 Hungarian data. Due to a shrinking and ageing population this exercise predicts a growing gap between labour income and consumption implying that the difference would be covered by asset-based revenues. We apply two balancing items: a windfall capital...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research

The shock of falling among older Americans
Publication date: Available online 9 June 2017Source: The Journal of the Economics of AgeingAuthor(s): Inas R. KellyAbstractDirect medical costs associated with falls have been shown to be $34 billion in 2013, an underestimate since full costs are not factored in. Using the 1998–2012 waves of the Health and Retirement Study and several econometric methods to address the endogeneity of falls, this study seeks to answer the question of how much worse physical and mental health outcomes are for individuals who fall compared to their steadier counterparts. Results across various specifications suggest that falling leads ...
Source: The Journal of the Economics of Ageing - July 11, 2018 Category: Health Management Source Type: research