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In the presence of moving costs, individuals may remain in a region even when they expect to attain a higher standard of living elsewhere. When a natural disaster or other exogenous shock forces individuals to move, the net impact on living standards could be positive or negative. This paper...
Persistent link: https://www.econbiz.de/10005085266
examining the effects on saving of the Supplemental Security" Income (SSI) program for the aged in the U.S. Part of the SSI … federal SSI benefits substantially. We exploit the state-level" variation in SSI benefits to estimate the effects of SSI on … high" SSI benefits reduce saving among households with heads who are approaching the SSI eligibility" age and who are …
Persistent link: https://www.econbiz.de/10005830297
In spite of the large expected costs of needing long-term care, only 10-12 percent of the elderly population has private insurance coverage. Medicaid, which provides means-tested public assistance and pays for almost half of long-term care costs, spends more than $100 billion annually on...
Persistent link: https://www.econbiz.de/10008674239
This paper tests whether income affects the body weight and clinical weight classification of elderly Americans using a natural experiment that led otherwise identical retirees to receive significantly different Social Security payments based on their year of birth. We exploit this natural...
Persistent link: https://www.econbiz.de/10005575621
In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men in the later part of their working lives. Unlike previous work which has typically used self reported health or disability status as a proxy...
Persistent link: https://www.econbiz.de/10005778198
We explore trends over time in the labor force participation of veterans and non-veterans and investigate whether these patterns are consistent with a rising role for the Veterans’ Affairs Disability Compensation (DC) program, which pays benefits to veterans with service-connected disabilities...
Persistent link: https://www.econbiz.de/10011165124
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
Measuring the overall impact of public health insurance receipt is important in an era of increased access to publicly-provided and subsidized insurance. Although government expansion of health insurance to older workers leads to labor supply reductions for recipients, there may be spillover...
Persistent link: https://www.econbiz.de/10010951316
This paper considers the potential relationship between providing care for grandchildren and retirement, among women nearing retirement age. Using 47,400 person-wave observations from the Health and Retirement Study (HRS), we find the arrival of a new grandchild is associated with a more than...
Persistent link: https://www.econbiz.de/10011103527
This study estimates the effects of means-tested housing programs on labor supply using data from a randomized housing voucher wait-list lottery in Chicago. Evidence for the net effects of housing programs on labor supply is central to a wide range of policy decisions about how to provide...
Persistent link: https://www.econbiz.de/10005829080