The Journal of the Economics of Ageing 
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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.The aggregate implications of gender and marriage
Publication date: May 2018Source: The Journal of the Economics of Ageing, Volume 11Author(s): Margherita Borella, Mariacristina De Nardi, Fang YangAbstractWages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have been ignoring women and marriage in setting up structural models and in calibrating them using data on males only. In this paper, we ask whether ignoring gender and marriage in both ...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Macroeconomic effects of Medicare
Publication date: May 2018Source: The Journal of the Economics of Ageing, Volume 11Author(s): Juan Carlos Conesa, Daniela Costa, Parisa Kamali, Timothy J. Kehoe, Vegard M. Nygard, Gajendran Raveendranathan, Akshar SaxenaAbstractThis paper develops an overlapping generations model to study the macroeconomic effects of an unexpected elimination of Medicare. We find that a large share of the elderly respond by substituting Medicaid for Medicare. Consequently, the government saves only 46 cents for every dollar cut in Medicare spending. We argue that a comparison of steady states is insufficient to evaluate the welfare effects...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Vocational considerations and trends in Social Security Disability
Publication date: May 2018Source: The Journal of the Economics of Ageing, Volume 11Author(s): Amanda Michaud, Jaeger Nelson, David WiczerAbstractAlong with health, Social Security Disability Insurance (SSDI) evaluates work-limiting disability by considering vocational factors including age, education, and past work experience. SSDI determinations based on these factors have grown threefold since 1985. We use a unique state-level data-set to estimate how vocational demographics relate to SSDI awards and then assess the contribution of demographic change to SSDI trends. Although workers in their 50s are associated with highe...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
An aggregate model for policy analysis with demographic change
Publication date: May 2018Source: The Journal of the Economics of Ageing, Volume 11Author(s): Ellen R. McGrattan, Edward C. PrescottAbstractMany countries are facing challenging fiscal financing issues as their populations age and the number of workers per retiree falls. Policymakers need transparent and robust analyses of alternative policies to deal with the demographic changes. In this paper, we propose a simple framework that can easily be matched to aggregate data from the national accounts. We demonstrate the usefulness of our framework by comparing quantitative results for our aggregate model with those of a related...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Changes in the morbidity prevalence and morbidity-free life expectancy of the elderly population in China from 2000 to 2010
Publication date: Available online 19 May 2018Source: The Journal of the Economics of AgeingAuthor(s): Bei Lu, Xiaoting Liu, Jonathan Lim, Mingxu YangAbstractThis paper explores the changes in the prevalence of morbidity, morbidity-free life expectancy and its related factors in China from 2000 to 2010. The analysis uses health status data from three waves of the Sample Survey of the Aged Population in Urban/Rural China (SSAPUR). To explore the changes, three types of morbidity-free life expectancy (MFLE) are estimated using the Sullivan method. To identify the influencing factors of morbidity, we use regression models tha...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
The distribution of pension wealth in Europe
Publication date: Available online 18 June 2018Source: The Journal of the Economics of AgeingAuthor(s): Javier OliveraAbstractThe present study estimates pension wealth inequality among elderly households for 26 EU countries by exploiting cross-sections of the EU Statistics on Income and Living Conditions survey. To assess the role of life expectancy inequalities on pension wealth, this study estimates life tables per educational level with auxiliary data in order to capture socio-economic status (SES). This procedure also distinguishes mortality estimates by sex, birth cohort, and year. The results indicate that different...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
A structural analysis of the effects of the Great Recession on retirement and working longer by members of two-earner households
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Alan L. Gustman, Thomas L. Steinmeier, Nahid Tabatabai (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 return to education in terms of wealth and health
This study presents a new view on the association between education and longevity. In contrast to the earlier literature, which focused on inefficient health behavior of the less educated, we investigate the extent to which the education gradient can be explained by fully rational and efficient behavior of all social strata. Specifically, we consider a life-cycle model in which the loss of body functionality, which eventually leads to death, can be accelerated by unhealthy behavior and delayed through health expenditure. Individuals are heterogeneous with respect to their return to education. The proposed theory rationaliz...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Preparation for old age in France: The roles of preferences and expectations
This article assesses the roles of preferences and expectations on preparation for old age, employing unique data on French individuals aged 50+ . The data do not only contain information on the general feeling to prepare for old age and on specific preparation activities in various domains, but also on risk and time attitudes, family and social altruism, and expected disability and longevity. Half of the sample reports preparing for old age. Future orientation emerges as an important predictor of preparation. While risk attitudes and altruism also matter for preparation, their effect may be less systematic across outcom...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Who supports intergenerational redistribution policy? Evidence from old-age allowance system in Thailand
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Worawet Suwanrada, Pataporn Sukontamarn, Busarin BangkaewAbstractThailand has become an ageing society, and currently there are continuing policy debates regarding the pension system. This paper investigates the determinants of preferences over an intergenerational redistribution policy in Thailand, namely the old-age allowance system. Since 2009 the old-age allowance system has been a non-contributory social pension scheme for all older persons except retired national and local government officials who receive pension monthl...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Pension decrement rates across Europe – Are they too low?
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Christoph Freudenberg, Natalie Laub, Tim SutorAbstractIn light of an ageing population, many European countries are aiming to increase the effective retirement age. Pension decrement rates play a key role in this as they determine the financial incentives for early retirement. In the following, a model is developed to calculate decrement rates which lead to financial neutrality of the decision on when to retire. The model is applied to 19 European countries. Results show that in most countries, official decrement rates tend t...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Impact of volunteering on cognitive decline of the elderly
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Sumedha GuptaAbstractCognitive decline among the elderly imposes a large welfare and health care cost on the individual as well as society. Little however is known about factors that can mitigate cognitive decline. Using seven waves of the Health and Retirement Study and a fixed effects – instrumental variable methodology, this study estimates the effects of volunteering on old age cognitive decline. Although cognitive decline is an inevitable aspect of aging, our results suggest that volunteering participation significantl...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Specific measures for older employees and late career employment
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Bernhard Boockmann, Jan Fries, Christian GöbelAbstractWe analyse the relationship between the application of specific measures for older employees (SMOE) and job duration of workers aged 40 and above. Using longitudinal employer-employee data for German establishments, we account for worker and establishment heterogeneity and correct for stock-sampling. We find a positive relation of mixed-aged team work to job duration and a negative relation of specific part-time addressed at older workers. Job duration does not appear to ...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
Intra-household allocation of non-mandatory retirement savings
Publication date: November 2018Source: The Journal of the Economics of Ageing, Volume 12Author(s): Christoph MetzgerAbstractTraditionally, households have been regarded as single units when it comes to savings. Although this might be correct for some kinds of household savings, we question the accuracy of this unitary model with respect to non-mandatory retirement savings. To do so, we analyze the intra-household allocation of retirement savings between partners in Germany through an individualistic approach.First, the decision to save at all is analyzed using a seemingly unrelated bivariate probit model, showing that the ...
Source: The Journal of the Economics of Ageing - July 5, 2018 Category: Health Management Source Type: research
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 5, 2018 Category: Health Management Source Type: research
