We investigate the relationship between self-reported willingness to take financial risks and ownership of life insurance and long-term care insurance. For a representative sample of individuals aged 50+ from 14 countries and controlling for demographic and socioeconomic determinants of...

China has experienced large improvements in mortality rates, but there remain substantial variations at the provincial level. This paper develops new models to project mortality at both the national and provincial levels in China. We propose two models in a Bayesian hierarchical framework based...

This paper studies income inequality in old age and its development over the life cycle. We develop a theoretical framework and a new empirical method to show that income is more unequally distributed in old age than in working age. We combine the regression-based inequality decomposition method...

With rapid economic growth and medical advances, longevity and health in China have been continuously improving in recent decades. However, health inequalities across Chinese provinces are still large. In this paper, we provide a province-by-province analysis of healthy life expectancy at birth...

Rapid population aging in China has urged the need to understand health transitions of older Chinese to assist the development of social security programs and financial products aimed at funding long-term care. In this paper, we develop a new flexible approach to modeling health transitions in a...

Family structures have changed profoundly in most developed countries in recent decades. Declining fertility and marriage rates and increasing divorce rates, together with longer life expectancies, make financial planning more challenging. Our study analyzes the impact of family structure on...