Purpose: This study investigates the effect of the elderly on the household's financial transactions in Japan and Korea … significant effect on the household's financial transactions in Japan while the growth of 80+ has a more significant effect in … household's financial transactions in Japan and Korea, respectively. The interaction between the growing elderly population and …

Near the end of life, health declines, mortality risk increases and curative is replaced by uninsured long-term care … closing down the shop justification where agents' decisions affect their health and the timing of death. Despite preferring to … live, individuals optimally deplete their health and wealth towards levels associated with high death risk and indifference …