?> 2011 – Publication Years – MRDRC

Consumption and Differential Mortality

It is well-established that differential mortality according to wealth or income introduces bias into age profiles of these variables when estimated on cross-sectional or synthetic cohort data.  However, little is known about whether this association is also found with consumption,…

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The Effects of the Financial Crisis on Actual and Anticipated Consumption

We studied how households adjust their spending in response to the financial crisis. Based on five waves of data from the Consumption and Activities Mail Survey, we quantified the reduction in total consumption and in specific categories of consumption in…

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Health Insurance, Health Care and Labor Supply by Older Adults

This paper examines the effect of elective surgery receipt on Social Security Disability Insurance application and receipt amongst older adults with common chronic conditions. I use panel data from the Health and Retirement Study to follow older adults with work-limiting…

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Macroeconomic Conditions and Updating of Expectations by Older Americans

Economic theory suggests that individual decisions about consumption, saving, and labor supply should be directly linked to subjective expectations about future events. This project uses panel data from the Health and Retirement Study from 1994-2008 merged to data on a…

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The Importance of State Anti-Discrimination Laws on Employer Accommodation and the Movement of their Employees onto Social Security Disability Insurance

The rate of application for Social Security Disability Insurance (SSDI) benefits, as well as the number of beneficiaries has been increasing for the past several decades, threatening the solvency of the SSDI program. One possible remedy is to promote continued…

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The Influence of Public Policy on Health, Wealth and Mortality

In this project we extend an augmented lifecycle model, incorporating a Grossman-style model of health capital, to enhance understanding of factors influencing consumption, wealth and health. We develop three primary results when using the model to explore the effects of…

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