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Explorations in the Economics of Aging
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Explorations in the Economics of Aging

David A. Wise

Abstract

The next two decades will mark a new phase in the demographic transition of the United States as baby boomers become eligible for Social Security and Medicare. Drawing on evidence from the United States and other nations, this book yields important new findings on how economic decisions by households and policy choices by governments will influence the effects of this demographic shift. It explores topics such as the implications of differential mortality rates by income on Social Security, the link between cognition and economic outcomes, and scale variations in self-reported work disability.

Keywords: baby boomers, Social Security, Medicare, United States, economic decisions, households, policy choices, governments, demographic shifts, mortality rates

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780226903378
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226903385.001.0001

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 Retirement Saving

2 How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

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

II Health Care Costs

3 The Risk of Out-of-Pocket Health Care Expenditure at the End of Life

Samuel Marshall, Kathleen McGarry, and Jonathan S. Skinner

4 Cost Growth in Medicare: 1992 to 2006

Amitabh Chandra, Lindsay Sabik, and Jonathan S. Skinner

5 The Demand for Medicare Part D Prescription Drug Coverage

Florian Heiss, Daniel McFadden, and Joachim Winter

III Socioeconomic Circumstances and Health

6 Differential Mortality by Income and Social Security Progressivity

Gopi Shah Goda, John B. Shoven, and Sita Nataraj Slavov

7 Cognition and Economic Outcomes in the Health and Retirement Survey

John J. McArdle, James P. Smith, and Robert Willis

9 Work Disability, Work, and Justification Bias in Europe and the United States

Arie Kapteyn, James P. Smith, and Arthur van Soest

IV Aging in Less Developed Countries

11 Requiescat in Pace?

Anne Case and Alicia Menendez