Research Findings in the Economics of Aging

Research Findings in the Economics of Aging

David A. Wise

Print publication date: 2013

ISBN: 9780226903064

Publisher: University of Chicago Press

Abstract

The baby boom generation's entry into old age has led to an unprecedented increase in the elderly population. The social and economic effects of this shift are significant, and in this book, a group of leading researchers takes an eclectic view of the subject. Among the broad topics discussed are work and retirement behavior, disability, and their relationship to the structure of retirement and disability policies. While choices about when to retire are made by individuals, these decisions are influenced by a set of incentives, including retirement benefits and health care, and this volume includes cross-national analyses of the effects of such programs on these decisions. Furthermore, the volume also offers in-depth analysis of the effects of retirement plans, employer contributions, and housing prices on retirement. It explores well-established relationships among economic circumstances, health, and mortality, as well as the effects of poverty and lower levels of economic development on health and life satisfaction. By combining micro and macro evidence, this volume continues a tradition of expanding the research agenda on the economics of aging.

Table of Contents

Introduction

David A. Wise

I. Disability, Work, and Retirement

Educationand Disability

4 The Education Gradient in Old Age Disability

David M. Cutler and Adriana Lleras-Muney

5 Social Interactions and Smoking

David M. Cutler and Edward L. Glaeser

6. Educationand the Prevalence of Pain

Steven J. Atlas and Jonathan Skinner

III Economic Circumstances and Health

7 Aging and Death under a Dollar a Day

Abhijit V. Banerjee and Esther Duflo

IV Retirement Saving

10 The Rise of 401(k) Plans, Lifetime Earnings, and Wealth at Retirement

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

11 The Impact of Employer Matching on Savings Plan Participation under Automatic Enrollment

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

12. Housing Price Volatility and Downsizing in Later Life

James Banks, Richard Blundell, Zoë Oldfield, and James P. Smith

V Medicare

13 The Narrowing Dispersion of Medicare Expenditures 1997 to 2005

Jay Bhattacharya, Alan M. Garber, and Thomas MaCurdy

End Matter