?> 2015 – Publication Years – MRDRC

Sources of Lower Financial Decision-making Ability at Older Ages

After middle age, further aging is associated with lower levels of many cognitive abilities, some of which could influence import economic decisions. Our prior research (Choi et al., 2014) shows a substantial negative relationship between age and the consistency of…

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Racial Difference in the Use of VA Health Services

We study the factors that affect the utilization of health care services administered by the Department of Veterans Affairs (VA) and its racial differences. Due to data limitation, previous research in this regard mostly only focuses on veterans who are…

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Comparing Retirement Wealth Trajectories on Both Sides of the Pond

We use comparable data from the U.S. and England to examine similarities and differences in the level and trajectories of assets among households age 70 and older. We find that in the U.S. assets on average decline gradually with age,…

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Measuring Economic Preparation for Retirement: Income Versus Consumption

The income replacement rate (income immediately following retirement divided by income immediately preceding retirement) has become widely used as a measure of economic preparation for retirement. Yet a number of relevant issues are not adequately captured by the replacement rate…

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