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Perspectives on the Economics of Aging
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Perspectives on the Economics of Aging

David A. Wise

Abstract

This book investigates several important issues in the economics of aging, including the accumulation of wealth and the relationship between health and financial prosperity. Examining the changes in savings behavior and investment priorities in the United States over the past few decades, it points to a dramatic shift from employer-managed, defined benefit pensions to employee-controlled retirement savings plans. Further, the legislative reforms of the 1980s and the booming stock market of the 1990s did their share to influence individual wealth accumulation patterns of Americans. The book als ... More

Keywords: aging, wealth, health status, financial prosperity, savings behavior, investment priorities, legislative reforms, economic status, pension income, mortality

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780226903057
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226903286.001.0001

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

2 For Better or for Worse: Default Effects and 401(k) Savings Behavior

James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick

3 Aging and Housing Equity: Another Look

Steven F. Venti and David A. Wise

4 Intergenerational Transfers and Savings Behavior

Jeffrey R. Brown and Scott J. Weisbenner

5 Wealth Portfolios in the United Kingdom and the United States

James Banks,Richard Blundell, and James P. Smith

10 Area Differences in Utilization of Medical Care and Mortality among U.S. Elderly

Victor R. Fuchs, Mark McClellan, and Jonathan Skinner

11 Healthy, Wealthy, and Wise?: Tests for Direct Causal Paths between Health and Socioeconomic Status

Peter Adams, Michael D. Hurd, Daniel Mcfadden, Angela Merrill, and Tiago Ribeiro