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Investigations in the Economics of Aging

One of the most well-established relationships in the economics of aging is that between health and wealth. Yet this relationship is also changing in conjunction with a rapidly aging population as well as a broad evolution in how people live later in life.

Building on findings from earlier editions in this National Bureau of Economic Research series, Investigations in the Economics of Aging focuses on the changing financial circumstances of the elderly and the relationship of these circumstances to health and health care. Among the topics addressed are the significance of out-of-pocket health care costs, the effects of inflation on social security, and the impact of the recent financial crisis on Americans’ well-being. Encompassing new data and advances in research methodology, the developments presented in this volume will have important implications for economies worldwide.


504 pages | 80 figures, 86 tables | 6 x 9 | © 2012

National Bureau of Economic Research Conference Report

Economics and Business: Business--Industry and Labor, Health Economics

Sociology: Demography and Human Ecology

Table of Contents

Preface
Introduction
David A. Wise and Richard Woodbury

I.  Financing Retirement

1. Were They Prepared for Retirement? Financial Status at Advanced Ages in the HRS and AHEAD Cohorts
James M. Poterba, Steven F. Venti, and David A. Wise
Comment: David Laibson

2. Economic Preparation for Retirement
Michael D. Hurd and Susann Rohwedder
Comment: Robert J. Willis

3. How Well Are Social Security Recipients Protected from Inflation?
Gopi Shah Goda, John B. Shoven, and Sita Nataraj Slavov
Comment: Michael D. Hurd

4. The Availability and Utilization of 401(k) Loans
John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian
Comment: Gopi Shah Goda

II. Health and Health Care

5. Dimensions of Health in the Elderly Population
David M. Cutler and Mary Beth Landrum
Comment: David R. Weir

6. The Value of Progress against Cancer in the Elderly
Jay Bhattacharya, Alan M. Garber, Matthew Miller, and Daniella Perlroth
Comment: Amitabh Chandra

7. Self-Reported Disability and Reference Groups
Arthur van Soest, Tatiana Andreyeva, Arie Kapteyn, and James P. Smith
Comment: David M. Cutler

8. “Healthy, Wealthy, and Wise?” Revisited: An Analysis of the Causal Pathways from Socioeconomic Status to Health
Till Stowasser, Florian Heiss, Daniel McFadden, and Joachim Winter
Comment: Robert J. Willis

9. Childhood Health and Differences in Late-Life Health Outcomes between England and the United States
James Banks, Zoe Oldfield, and James P. Smith
Comment: Amitabh Chandra

10. The Financial Crisis and the Well-Being of America
Angus Deaton
Comment: Daniel McFadden

Contributors
Author Index
Subject Index

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