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 5, 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 5, 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 5, 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 5, 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 5, 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 5, 2018 Category: Health Management Source Type: research

The distribution of pension wealth in Europe
Publication date: Available online 18 June 2018 Source:The Journal of the Economics of Ageing Author(s): Javier Olivera The 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 differential...
Source: The Journal of the Economics of Ageing - June 20, 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: Available online 22 May 2018 Source:The Journal of the Economics of Ageing Author(s): Alan L. Gustmana, Thomas L. Steinmeierb, Nahid Tabatabaic (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - May 22, 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 2018 Source:The Journal of the Economics of Ageing Author(s): Bei Lu, Xiaoting Liu, Jonathan Lim, Mingxu Yang This 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 - May 19, 2018 Category: Health Management Source Type: research

An Active Lifestyle and Cognitive Function: Evidence from China
Publication date: Available online 17 May 2018 Source:The Journal of the Economics of Ageing Author(s): Dusanee Kesavayuth, Yufang Liang, Vasileios Zikos How 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 fin...
Source: The Journal of the Economics of Ageing - May 17, 2018 Category: Health Management Source Type: research

Organizing Old Age Pensions for India ’s Unorganized Workers: A Case Study of a Sector-Driven Approach
Publication date: Available online 20 April 2018 Source:The Journal of the Economics of Ageing Author(s): M.R. Narayana About 88 percent of India’s total labor force is composed of informal (officially labeled “unorganized”) workers. As many as 388 million such workers lack old age income security by way of a pension system. The Atal Pension Yojana (APY) is the latest contributory, national-level old age pension scheme for unorganized workers, with an entry age of 18–40 years. In other words, all current unorganized workers above the age of 40 are excluded. How could a national pension system viably guarantee eq...
Source: The Journal of the Economics of Ageing - April 20, 2018 Category: Health Management Source Type: research

Specific Measures for Older Employees and Late Career Employment
Publication date: Available online 11 April 2018 Source:The Journal of the Economics of Ageing Author(s): Bernhard Boockmann, Jan Fries, Christian Göbel We 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 appea...
Source: The Journal of the Economics of Ageing - April 11, 2018 Category: Health Management Source Type: research

Long-Term Care Partnerships: Are They Fit for Purpose?
Publication date: Available online 9 April 2018 Source:The Journal of the Economics of Ageing Author(s): Savannah Bergquist, Joan Costa Font, Katherine Swartz Long-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....
Source: The Journal of the Economics of Ageing - April 10, 2018 Category: Health Management Source Type: research

Trends in health and retirement in latin america: are older workers healthy enough to extend their working lives?
Publication date: Available online 9 April 2018 Source:The Journal of the Economics of Ageing Author(s): Laeticia R. De Souza, Bernardo L. Queiroz, Vegard F. Skirbekk To counter the problems of demographic ageing, Latin American countries, like many nations elsewhere, are considering raising the retirement age in order to maintain fiscal balance and sustain economic prosperity. In doing so, however, they must take into account not only the simultaneous decline in older adults’ labour force participation but also poor health among those potentially affected by the change. In this paper, therefore, we use country comp...
Source: The Journal of the Economics of Ageing - April 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: Available online 30 March 2018 Source:The Journal of the Economics of Ageing Author(s): Lei Shu In 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 ...
Source: The Journal of the Economics of Ageing - March 31, 2018 Category: Health Management Source Type: research