This volume presents research on issues of importance to the well-being of older persons, including: labour market behaviour, health care, housing and living arrangements, and saving and wealth. Specific topics include the effect of labour market rigidities on the employment of older workers; the effect on retirement of the availability of continuation coverage benefits; and the influence of the prospective payment system (PPS) on rising Medicare costs. Also considered are the effects of health and wealth on living arrangement decisions; the incentive effects of employer-provided pension plans; the degree of substitution between 401(k) plans and other employer-provided retirement saving arrangements; and the extent to which housing wealth determines how much the elderly save and consume.
Preface Introduction by David A. Wise 1: The Effect of Labor Market Rigidities on the Labor Force Behavior of Older Workers Michael D. Hurd Comment: Angus S. Deaton 2: Why Are Retirement Rates So High at Age 65? Robin L. Lumsdaine, James H. Stock, David A. Wise. 3: The Military Pension, Compensation, and Retirement of U.S. Air Force Pilots John Ausink, David A. Wise. Comment on Chapters 2 and 3: Robert J. Willis 4: Health Insurance and Early Retirement: Evidence from the Availability of Continuation Coverage Jonathan Gruber, Brigitte C. Madrian. Comment: Richard J. Zeckhauser 5: Medicare Reimbursement and Hospital Cost Growth Mark B. McClellan Comment: Thomas E. MaCurdy 6: Living Arrangements: Health and Wealth Effects Axel Borsch-Supan, Daniel L. McFadden, Reinhold Schnabel. Comment: Steven F. Venti 7: Do 401(k) Plans Replace Other Employer-Provided Pensions? Leslie E. Papke, Mitchell Petersen, James M. Poterba. Comment: Richard Thaler 8: Is Housing Wealth a Sideshow? Jonathan S. Skinner Comment: John B. Shoven 9: Elderly Health, Housing, and Mobility Jonathan S. Feinstein Comment: Daniel L. McFadden 10: Intergenerational Transfers, Aging, and Uncertainty David N. Weil Comment: James M. Poterba Contributors Author Index Subject Index