Narrow Framing and Long-Term Care Insurance

We propose a model of narrow framing in insurance and test it using data from a new module we designed and fielded in the Health and Retirement Study. We show that respondents subject to narrow framing are substantially less likely…


The Implications of Differential Trends in Mortality for Social Security Policy

Is Working Longer Good for You? A Simultaneous Equations Approach

Understanding Participation in SSI

The Insurance Role of Household Labor Supply for Older Workers: Preliminary Results

Americans’ Willingness to Voluntarily Delay Retirement


Health and Wealth In a Lifecycle Model

We develop a model of health investments and consumption over the life cycle where health a°Ëects longevity, provides áow utility, and health and consumption can be complements or substitutes. We solve each householdís dynamic optimization problem using data from the…

Did Age Discrimination Protections Help Older Workers Weather the Great Recession?

We examine whether stronger age discrimination laws at the state level moderated the impact of the Great Recession on older workers. We use a difference-in-difference-in-differences strategy to compare older workers in states with stronger and weaker laws, to their prime-age…

Debt and Debt Management among Older Adults

Of particular interest in the present economic environment is whether access to credit is changing peoples’ indebtedness over time, particularly as they approach retirement. This project analyzes older individuals’ debt, debt management practices, and financial fragility using data from the…

Does Retirement Induced through Social Security Pension Eligibility Influence Subjective Well-being? A Cross-Country Comparison