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We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...
Persistent link: https://www.econbiz.de/10012760540
Mortality rates in the US fell more rapidly during the late 19th and early 20th Centuries than any other period in … American history. This decline coincided with an epidemiological transition and the disappearance of a mortality "penalty … mortality in major cities during the early 20th Century. Plausibly exogenous variation in the timing and location of technology …
Persistent link: https://www.econbiz.de/10013238739
Life expectancy in the United States fares poorly in international comparisons, primarily because of high mortality … blood pressure or cholesterol. We consider in greater depth mortality from prostate cancer and breast cancer, diseases for … dominant role. We show that the US has had significantly faster declines in mortality from these two diseases than comparison …
Persistent link: https://www.econbiz.de/10013151642
Has U.S. health care for the elderly become more equitable during the past several decades? When inequality is measured by Medicare expenditures, the answer is yes. During 1987-2001, low income households experienced an increase of 78 percent ($2624) in per capita expenditures, double the...
Persistent link: https://www.econbiz.de/10013247023
This paper examines 313 U.S. areas for differences in medical care utilization and mortality of whites ages 65-84 in …. Utilization, especially inpatient care, is strongly positively related to mortality. Mortality is positively related to cigarette … populations greater than 500,000. Mortality does not vary with population size, with or without controls. Florida is an outlier …
Persistent link: https://www.econbiz.de/10013249539
men has declined in most developed countries. We use mortality as a measure of health to assess the capacity to work at … older ages in 12 OECD countries. For a given level of mortality, the employment rates of older workers vary substantially … across countries and over time within countries. At each mortality rate in 2007, if American men between the ages of 55 and …
Persistent link: https://www.econbiz.de/10013090626
Substantial research attention has been devoted to the pension accumulation process, whereby employees and those advising them work to accumulate funds for retirement. Until recently, less analysis has been devoted to the pension decumulation process -- the process by which retirees finance...
Persistent link: https://www.econbiz.de/10013229333
The U.S. economy has recently experienced two, seemingly unrelated, phenomena: a large increase in post-retirement life expectancy and a major expansion in securitization and shadow banking activities. We argue they are intimately related. Agents rely on financial intermediaries to save for...
Persistent link: https://www.econbiz.de/10012861660
Since the early 1990's the growth rates of the four largest European economies—France, Germany, Italy, and the United Kingdom—have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining...
Persistent link: https://www.econbiz.de/10012858411
remaining life expectancy and lower mortality risk relative to earlier time periods due to improvements in mortality. We examine … to determine what eligibility ages would be today and in 2050 if adjustments for mortality improvement were taken into … approximately 0.15 years annually. Failure to adjust for mortality improvement implies the percent of the population eligible to …
Persistent link: https://www.econbiz.de/10012758511