In the first part of the paper we report estimated transfers in the Social Security system for the Retirement History Survey sample.We define transfers to be the difference between the expected presentvalue of benefits less the present value of taxes paid in, where the latter is adjusted for the...

In the first part of the paper using official data sources, we estimate the real income of the elderly and of the rest of the population during the 1570s. We find that income per household of the elderly has increased more rapidly than income per household of the rest of the population, even...

In the experimental module of the AHEAD 1995 data, the sample is randomly split into respondents who get an open-ended question on the amount of total family consumption - with follow-up unfolding brackets (of the form: is consumption $X or more?) for those who answer don t know or refuse - and...

Item non-response in household survey data on economic variables such as income, assets or consumption is a well-known problem.Follow-up unfolding bracket questions have been used as a tool to collect partial information on respondents that do not answer an open-ended question.It is also known,...

The Health and Retirement Study (HRS) and the Asset and Health Dynamics Study (AHEAD) are large nationally representative panel surveys of individuals aged 51-61 and 70 or over respectively at baseline and their spouses. The objective of this paper is to find evidence about anchoring and...

The goal of this paper is to analyze a model to explain consumption by couples. It is an extension fo the model for singles by Yaari (1195), and therefore emphasizes the role of mortality risk. It also allows for what I call a "true" bequest motive, bequeathing by a couple to the next...