Labor supply and fiscal effects of partial retirement – The role of entry age and the timing of pension benefits
Publication date: Available online 14 January 2019Source: The Journal of the Economics of AgeingAuthor(s): Peter Haan, Songül TolanAbstractIn recent years policy-makers are incentivizing later retirement entry by enabling flexible transitions into retirement through partial retirement. However, empirical evidence shows that the labor supply and related fiscal effects of more flexibility in the pension system, through partial retirement, are ambiguous and strongly depend on the design of partial retirement regimes. Two margins are in particular important: (1) the entry age into partial retirement programs; and (2) the timi...
Source: The Journal of the Economics of Ageing - February 12, 2019 Category: Health Management Source Type: research

Do good working conditions make you work longer? Analyzing retirement decisions using linked survey and register data
Publication date: Available online 10 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Petri Böckerman, Pekka IlmakunnasAbstractWe analyzed the role of adverse working conditions and new management practices in the determination of employees’ retirement behavior. The combined data contain both comprehensive information on perceived job disamenities, job satisfaction, and intentions to retire from two nationally representative cross-sectional surveys and information on employees’ actual retirement decisions from longitudinal register data that can be linked to the surveys. Using a trivariate ordere...
Source: The Journal of the Economics of Ageing - February 10, 2019 Category: Health Management Source Type: research

A Demographic Headwind: Will an Aging Society Reduce the Real Interest Rate and Potential Growth?
Publication date: Available online 8 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Patrick Emerson, Shawn KnabbAbstractIs secular stagnation a necessary result of population aging? This paper argues that demographic change itself is not enough to generate both slower economic growth and a lower real interest rate in an endogenous growth model with overlapping generations and human capital. It is then shown that the introduction of intergenerational transfer programs, specifically those that invest in public education and transfer resources to the elderly, can generate these dual observations. In fac...
Source: The Journal of the Economics of Ageing - February 9, 2019 Category: Health Management Source Type: research

Long-Run Improvements in Human Health: Steady But Unequal
Publication date: Available online 6 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Ana Lucia Abeliansky, Holger StrulikAbstractThere exists a steady trend at which later born cohorts, at the same age, are healthier than earlier born cohorts. We show this trend by computing a health deficit index for a panel of 14 European Countries and six waves of the Survey of Health, Aging, and Retirement in Europe (SHARE). We find that for each year of later birth, health deficits decline by on average 1.4 - 1.5 percent with insignificant differences between men and women, between countries, and over time. We ar...
Source: The Journal of the Economics of Ageing - February 7, 2019 Category: Health Management Source Type: research

Access to health care, medical progress and the emergence of the longevity gap: a general equilibrium analysis
Publication date: Available online 5 February 2019Source: The Journal of the Economics of AgeingAuthor(s): Ivan Frankovic, Michael KuhnAbstractWe study skill- and income-related differences in the access to health care as drivers of longevity inequality from a theoretical life-cycle as well as from a macroeconomic perspective. To do so, we develop an overlapping generations model populated by heterogeneous agents subject to endogenous mortality. We model two groups of individuals for whom differences in skills translate into differences in income and in the ability to use medical technology effectively in curbing mortality...
Source: The Journal of the Economics of Ageing - February 6, 2019 Category: Health Management Source Type: research

Health Inequalities in the South African elderly: The Importance of the Measure of Social-Economic Status
Publication date: Available online 30 January 2019Source: The Journal of the Economics of AgeingAuthor(s): Carlos Riumallo-Herl, David Canning, Chodziwadziwa KabudulaAbstractA common approach when studying inequalities in health is to use a wealth index based on household durable goods as a proxy for socio-economic status. We test this approach for elderly health using data from an aging survey in a rural area of South Africa and find much steeper gradients for health with consumption adjusted for household size than with the wealth index. These results highlight the importance of the measure of socioeconomic status used w...
Source: The Journal of the Economics of Ageing - January 31, 2019 Category: Health Management Source Type: research

Labor supply and fiscal effects of partial retirement - The role of entry age and the timing of pension benefits
Publication date: Available online 14 January 2019Source: The Journal of the Economics of AgeingAuthor(s): Peter Haan, Songül TolanAbstractIn recent years policy-makers are incentivizing later retirement entry by enabling flexible transitions into retirement through partial retirement. However, empirical evidence shows that the labor supply and related fiscal effects of more flexibility in the pension system, through partial retirement, are ambiguous and strongly depend on the design of partial retirement regimes. Two margins are in particular important: (1) the entry age into partial retirement programs; and (2) the timi...
Source: The Journal of the Economics of Ageing - January 15, 2019 Category: Health Management Source Type: research

How does population ageing impact on personal income taxes and social security contributions?
Publication date: Available online 21 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Doris PrammerAbstractThis paper analyses the impact of population ageing on income tax revenues and social security contributions for Austria. A static analysis focusing only on ageing - based on three population scenarios from the literature - leads to declining per capita income tax revenues and social security contributions of up to ten percent. However, a dynamic analysis combining the population scenarios with long run scenarios, that assume growing real wages and pension benefits, leads to increasing per capita...
Source: The Journal of the Economics of Ageing - December 22, 2018 Category: Health Management Source Type: research

Preparing for population ageing: estimating the cost of formal aged care in China
Publication date: Available online 14 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Hong Mi, Xiaodong Fan, Bei Lu, Liming Cai, John PiggottAbstractChina, in common with many other countries in Asia, will confront rapidly increasing demand for formal Long-term Care (LTC) over coming decades. This paper uses a unique regional monthly database on utilization of comprehensive care in Qingdao, China, to estimate transition probabilities and compute duration of care, using Markov chain simulations. Duration of care estimates are then combined with price per unit of care to calculate the total cost of care...
Source: The Journal of the Economics of Ageing - December 15, 2018 Category: Health Management Source Type: research

Mortality in midlife for subgroups in Germany
Publication date: Available online 13 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Peter Haan, Anna Hammerschmid, Julia SchmiederAbstractCase and Deaton, 2015 document that, since 1998, midlife mortality rates are increasing for white non-Hispanics in the US. This trend is driven by deaths from drug overdoses, suicides, and alcohol-related diseases, termed as deaths of despair, and by the subgroup of low-educated individuals. In contrast, average mortality for middle-aged men and women continued to decrease in several other high-income countries including Germany. However, average mortality rates c...
Source: The Journal of the Economics of Ageing - December 13, 2018 Category: Health Management Source Type: research

Subsidies for Elderly Care with a Pay-As-You-Go Pension
Publication date: Available online 13 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Masaya YasuokaAbstractThis paper presents an examination of how a subsidy for elderly care services affects the labor supply in the market of elderly care and other services. We set the model economy with or without a pay-as-you-go pension and were able to derive the following results. First, in the model without a pension, the subsidy for elderly care services raises the aggregate labor supply because of substitution between formal and informal elderly care. Second, in the model with a pension, the subsidy for elder...
Source: The Journal of the Economics of Ageing - December 13, 2018 Category: Health Management Source Type: research

Lifetime Job Demands and Later Life Disability
Publication date: Available online 10 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Lauren Hersch Nicholas, Nicolae Done, Micah BaumAbstractOccupational characteristics may improve or harm health later in life. Previous research, largely based on limited exposure periods, reached mixed conclusions. We use Health and Retirement Study data linked to the Department of Labor’s O*Net job classification system to examine the relationship between lifetime exposure to occupational demands and disability later in life. We consistently find an association between non-routine cognitive demands and lower rate...
Source: The Journal of the Economics of Ageing - December 11, 2018 Category: Health Management Source Type: research

Perspective piece on “Changes in the morbidity prevalence and morbidity-free life expectancy of the elderly population in China, 2000–2010” by Bei Lu, Xiaoting Liu, Mingxu Yang, and Jonathan Lim
Publication date: Available online 7 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Feng Wang (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 8, 2018 Category: Health Management Source Type: research

Perspective piece on “Transfers in an Aging European Union” by Fanny A. Kluge, Joshua R. Goldstein and Tobias C. Vogt
Publication date: Available online 7 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Elsa Fontainha (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 8, 2018 Category: Health Management Source Type: research

Perspective piece on “The distribution of pension wealth in Europe” by Javier Olivera
Publication date: Available online 4 December 2018Source: The Journal of the Economics of AgeingAuthor(s): Pierre-Carl Michaud (Source: The Journal of the Economics of Ageing)
Source: The Journal of the Economics of Ageing - December 4, 2018 Category: Health Management Source Type: research