?> 2006 – Publication Years – MRDRC

On the Covariance Structure of Changes in Consumption in the Health and Retirement Study

Using generalized method of moments on the covariance matrix, I test three models of consumption change on constructed consumption data from the Health and Retirement Study. Meant as a first step towards estimating life-cycle effects of subjective survival probabilities on…

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Consumption and Economic Well-Being at Older Ages: Income- and Consumption-Based Poverty Measures in the HRS

According to economic theory, well-being or utility depends on consumption. However, at the household level, total consumption is rarely well measured because its collection requires a great deal of survey time. As a result income has been widely used to…

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