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Discoveries in the Economics of Aging
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Discoveries in the Economics of Aging

David A. Wise

Abstract

The societal impact of aging baby boomers is compounded by longer life expectancies, which have risen continually over many decades. The implications of these demographic trends are extensive and significant, yet they are just one part of the rapidly changing landscape of aging in the United States and around the world. The impact of the financial crisis and its continuing ramifications have emerged as key concerns, adding to the fiscal challenges of government, and complicating people's financial planning for later life. This is the fifteenth in a series of NBER volumes synthesizing analyses ... More

Keywords: life expectancy, baby boomers, aging, fiscal challenges, financial planning, economics of aging, National Institute on Aging, health, wellbeing

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780226146096
Published to Chicago Scholarship Online: January 2015 DOI:10.7208/chicago/9780226146126.001.0001

Authors

Affiliations are at time of print publication.

David A. Wise, editor

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Contents

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Introduction

David A. Wise and Richard Woodbury

I Health and Disability

1Evidence for Significant Compression of Morbidity in the Elderly US Population

David M. Cutler, Kaushik Ghosh, and Mary Beth Landrum

2 The Lifetime Risk of Nursing Home Use

Michael D. Hurd, Pierre-Carl Michaud, and Susann Rohwedder

II Health and Financial Well-Being

4 The Nexus of Social Security Benefits, Health, and Wealth at Death

James M. Poterba, Steven F. Venti, and David A. Wise

5 Understanding the SES Gradient in Health among the Elderly

Till Stowasser, Florian Heiss, Daniel McFadden, and Joachim Winter

III Determinants of Health

6 Early Retirement, Mental Health, and Social Networks

Axel Börsch-Supan and Morten Schuth

7 Spousal Health Effects

James Banks, Elaine Kelly, and James P. Smith

8 Grandpa and the Snapper

Angus Deaton and Arthur A. Stone

9 Expectations, Aging, and Cognitive Decline

Gábor Kézdi and Robert J. Willis

IV Interventions to Improve Health and Well-Being

11The Diffusion of NewMedical TechnologyThe Case of Drug-Eluting Stents

Amitabh Chandra, David Malenka, and Jonathan Skinner

12Who Uses the Roth 401(k), and How Do They Use It?

John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian