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United Kingdom, given their health, and how this has evolved over the last decade. The objective is not to suggest how much … older people should work but rather to shed light on how much ill-health (as opposed to other constraints and preferences … older people seen over the last decade are more rapid than would have been expected based on the improvements seen in health …
Persistent link: https://www.econbiz.de/10012456693
This paper uses asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent … "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age … at the beginning of the recession, a potentially vulnerable segment of the working age population. The retirement wealth …
Persistent link: https://www.econbiz.de/10012461111
In most data sets of labor force participation of the elderly, an empirical regularity that emerges is that retirement … given the economic considerations that retirees typically face. This paper considers the puzzle of why retirement rates are …
Persistent link: https://www.econbiz.de/10012473689
We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as … important with age, while Social Security and retirement savings rose as a proportion of annual income … they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low …
Persistent link: https://www.econbiz.de/10012510599
to medical marijuana. We use longitudinal data from the Health and Retirement Study to study these questions using …Older adults have the highest rates of many health conditions for which medical marijuana may be effective in … moderating symptoms and are at elevated risk of reducing labor supply due to poor health. Surprisingly little is known about how …
Persistent link: https://www.econbiz.de/10012455992
ways that reflect an expectation of longer work lives. But do older Americans have the health capacity to work longer? This … mortality rate in the past or as much as their younger counterparts in similar health. Using both methods, we estimate that … there is significant additional capacity to work at older ages. We also explore whether there are differences in health …
Persistent link: https://www.econbiz.de/10012456733
has proven much more difficult to establish a causal relationship since income and health are jointly determined. We use a …There is widespread and longstanding agreement that life expectancy and income are positively correlated. However, it … major change in the Social Security law as exogenous variation in income to examine the impact of income on mortality in an …
Persistent link: https://www.econbiz.de/10012469513
Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid … project document that social security program provisions can create powerful incentives for retirement that are strongly … affect retirement, whether there is a link between older employment and youth unemployment, and whether older individuals are …
Persistent link: https://www.econbiz.de/10012480931
We describe the history of state pension policy in the UK since 1948 and calculate summary measures of the generosity of the system over time and the degree to which the it created implicit taxes on, or subsidies to, work at older ages. The time series of these measures, calculated separately...
Persistent link: https://www.econbiz.de/10012480912
paper, we use two sets of individual survey data to study the role of health and financial incentives in early retirement … those who are not already age-eligible for an old-age pension and who are deemed unable to work for health reasons. In this … retirement behavior, we then simulate changes in the generosity of disability pensions to understand how these changes would …
Persistent link: https://www.econbiz.de/10012458775