Wealth, Inequality, and Altruistic Bequests

WP 2001-017, UM00-11

This paper examines the role of bequests and inter vivos gifts in the U.S. economy, considering their importance in determining (i) the economy’s aggregate capital stock, (ii) the distribution of private net worth, and (iii) public policy outcomes and options.…

Health, Wealth and Gender: Do Health Shocks of Husbands and Wives Have Different Impacts on Household Wealth?

WP 2001-016, UM01-06

The extent to which men’s versus women’s health affects household wealth and the mechanisms through which these effects occur have important implications for the welfare of older individuals living with a spouse, and in particular for women who are likely…

Modeling the Macroeconomic Implications of Social Security Reform

WP 2001-015, UM00-11

Long-term Labor Force Exit and Economic Well-being: A Cross-National Comparison of Public and Private Income Support

WP 2001-014, UM00-10

Informal Caregiving for Diabetes and Diabetic Complications Among Elderly Americans

WP 2001-013, UM01-11

Objectives: Little is known regarding the amount of time spent by unpaid caregivers providing help to elderly individuals for disabilities associated with diabetes mellitus (DM). We sought to obtain nationally representative estimates of the time, and associated cost, of informal…

Imperfect Knowledge, Retirement and Saving

WP 2001-012, UM00-08

Using data from the Health and Retirement Study, this paper measures knowledge about future social security and pension benefits by comparing respondent reports of their expected benefits with benefits calculated from social security earnings records and employer provided descriptions of…

Eligibility for Social Security Disability Insurance

WP 2001-011, UM00-06

In order to understand whom among the non-disabled older population experiences a health problem later in life and applies for Social Security Disability Insurance, it is necessary to investigate patterns of coverage and reasons for non-coverage. This paper shows that…

Stochastic Rates of Return for Social Security Under Various Policy Scenarios

WP 2001-010, UM00-03

In this paper, we compute distributions of rates of return by cohort for the Social Security retirement system, using a combination of historical data and stochastic forecasts of productivity and mortality rates. Since our forecasts of productivity and mortality are…

Tracking the Household Income of SSDI and SSI Applicants

WP 2001-009, UM99-03

Using panel data from the Survey of Income and Program Participation linked to Social Security Administration disability determination records we trace the pattern of household income and the sources of that income from 38 months prior to 39 months following…

Chances are…Stochastic Forecasts of the Social Security Trust Fund and Attempts to Save It

WP 2001-008, UM99-07

We present forecasts of the Social Security trust fund, modeling key demographic and economic variables as time series. We evaluate plans for achieving long-term solvency by raising the normal retirement age (NRA), increasing taxes, or investing some portion of the…