2001
Wealth Accumulation in the U.S.: Do Inheritances and Bequests Play a Significant Role?
WP 2001-019 , UM00-11
This paper formulates an overlapping generations model with both life–cycle saving and altruistic bequests. For a given distribution of earning abilities, the model generates a stationary steady–state capital–to–labor ratio for the economy as a whole and a stationary distribution of…
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Secular Changes in Wealth Inequality and Inheritance
WP 2001-020 , UM00-11
Data suggest the distribution of wealth among households in the United States and the United Kingdom has become more equal over the last century — though the pattern may have reversed recently. This paper shows that a model in which…
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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…
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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…
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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…
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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…
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