Redistributive effects of the US pension system among individuals with different life expectancy
Publication date: Available online 7 October 2017 Source:The Journal of the Economics of Ageing Author(s): Miguel Sanchez-Romero, Alexia Prskawetz We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market, we show that the increasing gap in life expectancy by socioeconomic status m...
Source: The Journal of the Economics of Ageing - October 7, 2017 Category: Health Management Source Type: research

Early coverage expansions under the Affordable Care Act and Supplemental Security Income participation
Publication date: Available online 4 October 2017 Source:The Journal of the Economics of Ageing Author(s): Pinka Chatterji, Yue Li We test whether early Affordable Care Act (ACA) Medicaid expansions in Connecticut (CT), Minnesota (MN), California (CA), and the District of Columbia (DC) affected Supplemental Security Income (SSI) receipt. We use a synthetic control approach, comparing the SSI receipt rate pre and post each early Medicaid expansion (“Early Expanders”) to the weighted receipt rate in states that expanded Medicaid in January 2014 (“Later Expanders”). In CT, the Medicaid expansion is associated a st...
Source: The Journal of the Economics of Ageing - October 5, 2017 Category: Health Management Source Type: research

The economics of ageing and health
Publication date: Available online 11 September 2017 Source:The Journal of the Economics of Ageing Author(s): Wang Feng, Alfonso Sousa-Poza (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - September 26, 2017 Category: Health Management Source Type: research

Mature age labour force participation and the life cycle deficit in Australia: 1981 –82 to 2009–10
Publication date: December 2017 Source:The Journal of the Economics of Ageing, Volume 10 Author(s): Jeromey B. Temple, James Mahmud Rice, Peter F. McDonald With inexorable population ageing, successive Australian governments have sought to implement policies, on both the production and consumption side, that place a greater onus on older citizens to be financially self-sufficient as a means of offsetting costs due to ageing. Over the previous 30years, a time of considerable labour market growth and policy change, mature age labour force participation increased significantly in Australia. In this paper, we utilise the ...
Source: The Journal of the Economics of Ageing - September 20, 2017 Category: Health Management Source Type: research

Introduction to special issue of The Journal of the Economics of Aging, “Economics of Aging and Health”
Publication date: Available online 11 September 2017 Source:The Journal of the Economics of Ageing Author(s): Wang Feng, Alfonso Sousa-Poza (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - September 12, 2017 Category: Health Management Source Type: research

Pension reforms or consequences of the economic crisis? measuring the changes of pension incomes in Selected EU countries using APC approach
Publication date: Available online 8 September 2017 Source:The Journal of the Economics of Ageing Author(s): Agnieszka Chłoń-Domińczak, Paweł Strzelecki, Wojciech Łątkowski The pension incomes at different ages are changing in many developed countries. This reflects pension reforms that lead to changing pension levels, but also changes in the working lives leading to postponement of the retirement resulted from these reforms. The postponement of the introduction of changes which leads to the adjustment of the total pension transfers to younger cohorts can create pressure for more rapid reforms and higher variabi...
Source: The Journal of the Economics of Ageing - September 9, 2017 Category: Health Management Source Type: research

Changes in Spending and Labor Supply in Response to a Social Security Benefit Cut: Evidence from Stated Choice Data
Publication date: Available online 6 September 2017 Source:The Journal of the Economics of Ageing Author(s): Adeline Delavande, Susann Rohwedder We investigate how individuals in the U.S. expect to adjust their labor force participation and savings if Social Security benefits were cut by 30 percent. Respondents were asked directly what they would do under this scenario. Using the resulting stated choice data we find that respondents would on average reduce spending by 18.2 percent before retirement and 20.4 percent after retirement. About 34.1% of respondents state they would definitely work longer and they would postp...
Source: The Journal of the Economics of Ageing - September 6, 2017 Category: Health Management Source Type: research

Adjusting for Heterogeneous Response Thresholds in Cross-Country Comparisons of Self-Reported Health
Publication date: Available online 1 September 2017 Source:The Journal of the Economics of Ageing Author(s): Teresa Molina Comparisons of subjective scale measures across countries can be distorted by the use of different response thresholds in different countries. Anchoring vignettes are a survey tool designed to address this problem, and are becoming widely used to adjust comparisons of subjective measures across groups, primarily within countries or across relatively similar high-income countries. This paper expands the existing literature by comparing six domains of self-reported health across the United States, Eng...
Source: The Journal of the Economics of Ageing - September 2, 2017 Category: Health Management Source Type: research

Family transfers and long-term care: An analysis of the WHO Study on global AGEing and adult health (SAGE)
Conclusion In selected LMICs, receiving family transfers is common among older households, and associated with requiring long-term care. Further research is needed to better understand drivers of observed associations and identify ways in which financial protection of older adults’ long term care needs can be improved. (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - August 23, 2017 Category: Health Management Source Type: research

Mature Age Labour Force Participation and the Life Cycle Deficit in Australia: 1981-82 to 2009-10
Publication date: Available online 19 August 2017 Source:The Journal of the Economics of Ageing Author(s): Jeromey B. Temple With inexorable population ageing, successive Australian governments have sought to implement policies, on both the production and consumption side, that place a greater onus on older citizens to be financially self-sufficient as a means of offsetting costs due to ageing. Over the previous 30 years, a time of considerable labour market growth and policy change, mature age labour force participation increased significantly in Australia. In this paper, we utilise the National Transfer Accounts metho...
Source: The Journal of the Economics of Ageing - August 20, 2017 Category: Health Management Source Type: research

Reductions in Local Government Spending on Community-based Social Care and Unmet Social Care Needs of Older People in England
Publication date: Available online 16 July 2017 Source:The Journal of the Economics of Ageing Author(s): Jose Luis Iparraguirre This paper investigates whether there is a statistical association between spending per person in community-based adult social care for older people and the probability that an older person has unmet needs. Two definitions of unmet needs are introduced: a) if an individual who had difficulty with one or more ADLs/IADLs did not receive any help at all or if they received help, it did not always meet their need to perform the activity or activities, and b) only considering people who received hel...
Source: The Journal of the Economics of Ageing - July 17, 2017 Category: Health Management Source Type: research

Finland ’s slow recovery from the financial crisis: a demographic explanation
This article uses the National Transfer Accounts (NTA) method to explore how demographic changes have impacted recent macroeconomic developments in Finland. NTA allows us to break down national income and consumption by age. The results show that population ageing has already had a profound effect on the macroeconomy. The relatively large current account surplus at the beginning of the 2000s would have been substantially reduced because of ageing even without the concurrent structural problems in the export industry. The declining share of wage earners in the population reduces the savings rate, which in turn contributes t...
Source: The Journal of the Economics of Ageing - June 17, 2017 Category: Health Management Source Type: research

Macroeconomic Effects of Medicare
Publication date: Available online 16 June 2017 Source:The Journal of the Economics of Ageing Author(s): Juan Carlos Conesa, Daniela Costa, Parisa Kamali, Timothy J. Kehoe, Vegard M. Nygard, Gajendran Raveendranathan, Akshar Saxena This 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 we...
Source: The Journal of the Economics of Ageing - June 17, 2017 Category: Health Management Source Type: research

The Shock of Falling Among Older Americans
Publication date: Available online 9 June 2017 Source:The Journal of the Economics of Ageing Author(s): Inas R. Kelly Direct medical costs associated with falls have been shown to be $34 billion in 2013, an underestimate since full costs are not factored in. Using the 1998-2012 waves of the Health and Retirement Study and several econometric methods to address the endogeneity of falls, this study seeks to answer the question of how much worse physical and mental health outcomes are for individuals who fall compared to their steadier counterparts. Results across various specifications suggest that falling leads to lower ...
Source: The Journal of the Economics of Ageing - June 10, 2017 Category: Health Management Source Type: research

The savings gap in Hungary
Publication date: Available online 29 May 2017 Source:The Journal of the Economics of Ageing Author(s): Róbert Iván Gál, Árpád Törzsök In 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 gradual...
Source: The Journal of the Economics of Ageing - May 30, 2017 Category: Health Management Source Type: research