The Journal of the Economics of Ageing This is an RSS file. You can use it to subscribe to this data in your favourite RSS reader or to display this data on your own website or blog.

Why older workers become entrepreneurs? International evidence using fuzzy set methods
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Jorge Velilla, José Alberto Molina, Raquel OrtegaAbstractIn this paper, we empirically analyze the individual characteristics that drive older workers to become entrepreneurs, providing evidence of the differences between developed and developing countries. While OLS models provide limited conclusions, Qualitative Comparative Analysis and fuzzy set logic, at the country level, using GEM 2014 Adult Population Survey micro-data, show the importance of the various combinations of high and/or low presence of skills, opportunitie...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

A cross-country analysis of population aging and financial security
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Angela C. Lyons, John E. Grable, So-Hyun JooAbstractThroughout the world, policy makers are concerned about the impact that population aging will have on households’ financial security, especially those groups most likely to be vulnerable—women, the less educated, and the poor. We use data from the 2014 World Bank Global Findex and supplement it with macroeconomic indicators of old-age security to investigate the financial security of households across both developed (OECD) and developing (non-OECD) countries with various...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

Gender differentiation in intergenerational care-giving and migration choices
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Oded Stark, Ewa Cukrowska-TorzewskaAbstractWe weave together care-giving, gender, and migration. We hypothesize that daughters who are mothers have a stronger incentive than sons who are fathers to demonstrate to their children the appropriate way of caring for one's parents. The reason underlying this hypothesis is that women on average live longer than men, they tend to marry men who are older than they are and, thus, they are more likely than men to spend their last years without a spouse. Because it is more effective and ...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

The effect of the New Rural Social Pension Insurance program on the retirement and labor supply decision in China
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Lei ShuAbstractIn 2009, the Chinese government introduced the New Rural Social Pension Insurance (NRSPI) program; it was expanded nationwide in 2012. This paper investigates the effects of the NRSPI program on retirement and old-age labor supply patterns in China, using two-wave nationwide survey data. After controlling for endogenous bias by using instrumental variables, we found that receiving pension benefits from the NRSPI program can substantially increase the likelihood of retirement and reduce the number of working hou...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

Long-term care partnerships: Are they fit for purpose?
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Savannah Bergquist, Joan Costa-Font, Katherine SwartzAbstractLong-term care partnership (LTCP) programs were designed to both encourage middle-income individuals to purchase private long-term care insurance, and defer the time when an individual would become eligible for Medicaid to pay her long term care services and supports (LTSS). This paper exploits the timing of state Partnership implementation (including four pilot states) to evaluate the program’s effects on new yearly insurance applications and contract uptake. We ...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

An active lifestyle and cognitive function: Evidence from China
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Dusanee Kesavayuth, Yufang Liang, Vasileios ZikosAbstractHow does an active lifestyle at baseline relate to cognitive functioning in later periods? To answer this question, we draw unique panel data from the China Health and Retirement Longitudinal Study (CHARLS). The analysis reveals that greater overall activity is associated with higher levels of memory and numeracy. The beneficial effects of being active vary across different activity types and aspects of cognition, but not so with respect to gender. Overall, these findin...
Source: The Journal of the Economics of Ageing - July 10, 2018 Category: Health Management Source Type: research

Decomposition of demographic effects on the german pension system
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Robert Fenge, François PeglowAbstractThe paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation, we present a decomposition approach which allows identifying the isolated effects of mortality, fertility and migration developments on the dynamics of the German pension system. We show that the past...
Source: The Journal of the Economics of Ageing - July 10, 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 5, 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 Japan...
Source: The Journal of the Economics of Ageing - July 5, 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 5, 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 of fo...
Source: The Journal of the Economics of Ageing - July 5, 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 5, 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 5, 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 5, 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 endowment in the base year, and gradu...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research