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.

Cognitive Decline and Household Financial Decisions at Older Ages
Publication date: Available online 21 March 2018 Source:The Journal of the Economics of Ageing Author(s): Marco Angrisani, Jinkook Lee Using data from the Health and Retirement Study, we examine the association between cognition and financial outcomes among older American couples. We first investigate the relationship between couple members’ cognitive ability and financial responsibility within the household. Our results suggest that differences in the level of cognitive ability play a major role in determining who is the household financial decision-maker, while changes in cognitive ability of both couple members ov...
Source: The Journal of the Economics of Ageing - March 22, 2018 Category: Health Management Source Type: research

Why older workers become entrepreneurs? International evidence using fuzzy set methods
Publication date: Available online 20 March 2018 Source:The Journal of the Economics of Ageing Author(s): Jorge Velilla, José Alberto Molina, Raquel Ortega In 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, opportu...
Source: The Journal of the Economics of Ageing - March 21, 2018 Category: Health Management Source Type: research

Impact of volunteering on cognitive decline of the elderly
Publication date: November 2018 Source:The Journal of the Economics of Ageing, Volume 12 Author(s): Sumedha Gupta Cognitive 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 significantly f...
Source: The Journal of the Economics of Ageing - March 10, 2018 Category: Health Management Source Type: research

A Cross-Country Analysis of Population Aging and Financial Security
Publication date: Available online 8 March 2018 Source:The Journal of the Economics of Ageing Author(s): Angela C. Lyons, John E. Grable, So-Hyun Joo Throughout 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 vario...
Source: The Journal of the Economics of Ageing - March 9, 2018 Category: Health Management Source Type: research

An Introduction to the Macroeconomics of Aging
Publication date: Available online 3 March 2018 Source:The Journal of the Economics of Ageing Author(s): Juan Carlos Conesa, Timothy J. Kehoe This special issue contains six articles that develop macroeconomic models that analyze the impact of population aging — and the impact of government policies related to pensions and health care in response to aging — on aggregate employment, investment, wages, and interest rates. Increased spending on pensions and public health care programs is projected to impose a major fiscal burden not only on the developed world but also on much of the less developed world. The articles...
Source: The Journal of the Economics of Ageing - March 4, 2018 Category: Health Management Source Type: research

Intra-household allocation of non-mandatory retirement savings
Publication date: November 2018 Source:The Journal of the Economics of Ageing, Volume 12 Author(s): Christoph Metzger Traditionally, 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 po...
Source: The Journal of the Economics of Ageing - February 27, 2018 Category: Health Management Source Type: research

Decomposition of demographic effects on the german pension system
Publication date: November 2018 Source:The Journal of the Economics of Ageing, Volume 12 Author(s): Robert Fenge, François Peglow The 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 p...
Source: The Journal of the Economics of Ageing - February 27, 2018 Category: Health Management Source Type: research

Pension decrement rates across Europe – Are they too low?
Publication date: November 2018 Source:The Journal of the Economics of Ageing, Volume 12 Author(s): Christoph Freudenberg, Natalie Laub, Tim Sutor In 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 to...
Source: The Journal of the Economics of Ageing - January 9, 2018 Category: Health Management Source Type: research

Gender differentiation in intergenerational care-giving and migration choices
Publication date: Available online 5 January 2018 Source:The Journal of the Economics of Ageing Author(s): Oded Stark, Ewa Cukrowska-Torzewska We 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...
Source: The Journal of the Economics of Ageing - January 6, 2018 Category: Health Management Source Type: research

Pension decrements across Europe – Are they too low?
Publication date: Available online 19 December 2017 Source:The Journal of the Economics of Ageing Author(s): Christoph Freudenberg, Natalie Laub, Tim Sutor In 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 rate...
Source: The Journal of the Economics of Ageing - December 19, 2017 Category: Health Management Source Type: research

Who Supports Intergenerational Redistribution Policy? Evidence from Old-age Allowance System in Thailand
Publication date: Available online 20 November 2017 Source:The Journal of the Economics of Ageing Author(s): Worawet Suwanrada, Pataporn Sukontamarn, Busarin Bangkaew Thailand 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 pensionscheme for all older persons except retired national and local government officials who receive pension...
Source: The Journal of the Economics of Ageing - December 5, 2017 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 outcomes ...
Source: The Journal of the Economics of Ageing - November 14, 2017 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 - November 10, 2017 Category: Health Management Source Type: research

Private asset income in France: Is there a breakdown of intergenerational equity between 1979 and 2011?
Publication date: Available online 10 November 2017 Source:The Journal of the Economics of Ageing Author(s): Hippolyte d'Albis, Ikpidi Badji, Najat El Mekkaoui, Julien Navaux We use the National Transfer Accounts methodology to calculate private asset income by age for the years 1979–2011. We analyze age profiles using three indicators of intergenerational equity. Monetary asset income shows no evidence of generational breaks to the benefit of the baby-boom generation. On the contrary, baby-boomers suffered from the high interest rates that they paid to become homeowners. Imputed rents show an obvious breakdown of ...
Source: The Journal of the Economics of Ageing - November 10, 2017 Category: Health Management Source Type: research

Who Can Predict Their Own Demise? Heterogeneity in the Accuracy and Value of Longevity Expectations
Publication date: Available online 28 October 2017 Source:The Journal of the Economics of Ageing Author(s): Teresa Bago d'Uva, Owen O'Donnell, Eddy van Doorslaer Inaccurate longevity expectations can result in suboptimal lifecycle planning with negative consequences for wellbeing in old age. We evaluate the accuracy of expectations by comparing the subjective probability of living to 75 reported in the Health and Retirement Study with survival to that age. Outcomes are positively correlated with the subjective predictions. But the prediction errors are large. Even larger than if every respondent had reported a 50-50 c...
Source: The Journal of the Economics of Ageing - October 29, 2017 Category: Health Management Source Type: research