On the Distribution and Dynamics of Medical Expenditure among the Elderly

Using data from the Health and Retirement Study (HRS) and the Medicare Current Beneficiary Survey (MCBS), we estimate the stochastic process for total medical spending and its components.  By focusing on dynamics, we consider not only the risk of catastrophic…

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A Meta-Analysis of the Decline in the Labor Force Participation Rate

This project explores the causes behind the recent decline in the Labor Force Participation (LFP) rate. The analysis examines the evolution of the LFP rate for different demographic groups to gauge the effect of demographic changes. An integral part of…

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Exploring the Social Security Benefit Implications of Same-Sex Marriage

Same-sex marriage became legal nationwide in the United States on June 26, 2015. Federal legalization of same-sex marriage expands the pool of individuals potentially eligible for spousal Social Security benefits to the estimated 4 percent of the population that is…

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Exploring the Social Security Benefit Implications of Same-Sex Marriage

Same-sex marriage became legal nationwide in the United States on June 26, 2015. Federal legalization of same-sex marriage expands the pool of individuals potentially eligible for spousal Social Security benefits to the estimated 4 percent of the population that is…

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Bar chart tracks household wealth of veterans versus nonveterans by Health and Retirement Study Cohort

Welfare of U.S. vets has declined over time, researchers find

As the face of America’s veterans change, policy, too, will adapt. In this 2015 working paper, “Declining Wealth and Work among Male Veterans in the Health and Retirement Study,” by Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai Data:…

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Figure four: Fraction of Early Retirees uninsured by income level medicaid expansion versus nonexpansion states from American Community Survey data

Health reform has reduced the number early retirees without health insurance

By age 64, more than half of all workers are retired despite the fact that Medicare doesn’t kick in for most of them until age 65. The decline of employer-sponsored health insurance for retirees means that many people who make…

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Researchers find that Social Security reform decreases Medicare spending

The existing literatures on Social Security and Medicare explore each of these significant allocations of federal budget in isolation. There has been no work to date on the manner in which these programs interact with one another. Did Social Security Amendment…

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