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.

Time Discounting and Economic Decision-making in the Older Population
Publication date: Available online 19 May 2017 Source:The Journal of the Economics of Ageing Author(s): David Huffman, Raimond Maurer, Olivia S. Mitchell This 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 - May 19, 2017 Category: Health Management Source Type: research

International projections of age specific healthcare consumption: 2015 –2060
Publication date: Available online 21 April 2017 Source:The Journal of the Economics of Ageing Author(s): Carl N. Mason, Timothy Miller We 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-ages...
Source: The Journal of the Economics of Ageing - May 18, 2017 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 2017 Source:The Journal of the Economics of Ageing Author(s): Moses K. Muriithi, Reuben G. Mutegi, Germano Mwabu The 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 - April 27, 2017 Category: Health Management Source Type: research

An Aggregate Model for Policy Analysis with Demographic Change
Publication date: Available online 22 April 2017 Source:The Journal of the Economics of Ageing Author(s): Ellen R. McGrattan, Edward C. Prescott Many 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 ...
Source: The Journal of the Economics of Ageing - April 22, 2017 Category: Health Management Source Type: research

International Projections of age specific healthcare Consumption: 2015-2060
Publication date: Available online 21 April 2017 Source:The Journal of the Economics of Ageing Author(s): Carl N. Mason, Timothy Miller We 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-age...
Source: The Journal of the Economics of Ageing - April 21, 2017 Category: Health Management Source Type: research

Accounting for the bias against the life-cycle hypothesis in survey data: An example for Russia
Publication date: Available online 29 March 2017 Source:The Journal of the Economics of Ageing Author(s): Maurizio Bussolo, Simone Schotte, Mikhail Matytsin Using household data from the Russian Longitudinal Monitoring Survey, this paper assesses how aging affects saving. To overcome a systematic bias against the life-cycle hypothesis of survey data, the paper estimates how the age profile of saving changes when the micro data are corrected to account for the contribution to pensions (as additional saving) and receipt of benefits from pensions (as dissaving). With these corrections, the Russian data support the life-c...
Source: The Journal of the Economics of Ageing - April 16, 2017 Category: Health Management Source Type: research

The hidden economics of informal elder-care in the United States
Discussion The 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 - April 16, 2017 Category: Health Management Source Type: research

The Impact of Social Pensions on Intergenerational Relationships: Comparative Evidence from China
Publication date: Available online 10 April 2017 Source:The Journal of the Economics of Ageing Author(s): Xi Chen, Karen Eggleston, Ang Sun China 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 formal s...
Source: The Journal of the Economics of Ageing - April 16, 2017 Category: Health Management Source Type: research

The Asset Cost of Poor Health
Publication date: Available online 22 February 2017 Source:The Journal of the Economics of Ageing Author(s): James Poterba, Steven Venti, David A. Wise This paper examines the correlation between poor health and the evolution of wealth for households in the first nine waves of the Health and Retirement Survey (HRS). It complements previous studies that have enumerating specific financial costs of poor health, such as out of pocket medical expenses or lost earnings. Because poor health can affect wealth accumulation through several channels, the “asset cost” measure can provide additional insight on the health-weal...
Source: The Journal of the Economics of Ageing - February 21, 2017 Category: Health Management Source Type: research

The Macroeconomic and Welfare Implications of Rural Health Insurance and Pension Reforms in China
Publication date: Available online 9 February 2017 Source:The Journal of the Economics of Ageing Author(s): Neha Bairoliya, David Canning, Ray Miller, Akshar Saxena We assess the potential impact of rural health insurance and pension reforms on macroeconomic outcomes and social welfare in a dynamic general equilibrium model calibrated to the Chinese economy. We analyze transition paths as well as steady state responses to the new policies. The current reforms in China provide modest rural pensions and reimbursement of a portion of healthcare costs, but at rates that are substantially lower than are already in place i...
Source: The Journal of the Economics of Ageing - February 8, 2017 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 2017 Source:The Journal of the Economics of Ageing Author(s): Rikiya Matsukura, Satoshi Shimizutani, Nahoko Mitsuyama, Sang-Hyop Lee, Naohiro Ogawa In 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 Japane...
Source: The Journal of the Economics of Ageing - February 6, 2017 Category: Health Management Source Type: research

The Aggregate Implications of Gender and Marriage
Publication date: Available online 2 February 2017 Source:The Journal of the Economics of Ageing Author(s): Margherita Borella, Mariacristina De Nardi, Fang Yang Wages, 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 marri...
Source: The Journal of the Economics of Ageing - February 1, 2017 Category: Health Management Source Type: research

Intergenerational Transfers and China ’s Social Security Reform
Publication date: Available online 23 January 2017 Source:The Journal of the Economics of Ageing Author(s): Ayşe İmrohoroğlu, Kai Zhao Most of the studies examining the implications of social security reforms in China use overlapping generations models and abstract from the role of family support. However, in China, family support plays a prominent role in the well-being of the elderly and often substitutes for the lack of government-provided old-age support systems. In this paper, we investigate the impact of social security reform in China in a model with two-sided altruism as well as a pure life-cycle model. We s...
Source: The Journal of the Economics of Ageing - January 22, 2017 Category: Health Management Source Type: research

Vocational Considerations and Trends in Social Security Disability
Publication date: Available online 9 December 2016 Source:The Journal of the Economics of Ageing Author(s): Amanda Michaud, David Wiczer, Jaeger Nelson Along 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 three-fold since 1985. We use an 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 associa...
Source: The Journal of the Economics of Ageing - December 9, 2016 Category: Health Management Source Type: research

Health Spending in Japan: Macro-fiscal Implications and Reform Options
Publication date: Available online 2 December 2016 Source:The Journal of the Economics of Ageing Author(s): Masahiro Nozaki, Kenichiro Kashiwase, Ikuo Saito Health spending has risen rapidly in Japan. We find two-thirds of the spending increase in 1990–2011 resulted from ageing, and the rest from excess cost growth. The spending level will rise further: ageing alone will raise it by 3½ percentage points of GDP in 2010–30, and excess cost growth at the rate observed in 1990–2011 will lead to an additional increase of 2–3 percentage points of GDP. This will require a sizable increase in government transfers. Ja...
Source: The Journal of the Economics of Ageing - December 1, 2016 Category: Health Management Source Type: research