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Introduction / Courtney Coile, Kevin Milligan, and David A. Wise -- Work capacity and longer working lives in Belgium / Alain Jousten and Mathieu Lefebvre -- Health capacity to work at older ages: evidence from Canada / Kevin Milligan and Tammy Schirle -- Health capacity to work at older ages in Denmark / Paul Bingley, Nabanita Datta Gupta, and Peder J. Pedersen -- Health capacity to work at older ages in France / Didier Blanchet, Eve Caroli, Corinne Prost, and Muriel Roger -- Healthy, happy, and idle: estimating the health capacity to work at older ages in Germany / Hendrik Jürges, Lars Thiel, and Axel Börsch-Supan -- Health capacity to work at older ages: evidence from Italy / Agar Brugiavini, Giacomo Pasini, and Guglielmo Weber -- Health capacity to work at older ages: evidence from Japan / Emiko Usui, Satoshi Shimizutani, and Takashi Oshio -- Work capacity at older ages in the Netherlands / Adriaan Kalwij, Arie Kapteyn, and Klaas de Vos -- Health capacity to work at older ages: evidence from Spain / Pilar García-Gómez, Sergi Jiménez-Martín, and Judit Vall Castelló -- Health, work capacity, and retirement in Sweden / Per Johansson, Lisa Laun, and Mårten Palme -- Health capacity to work at older ages: evidence from the United Kingdom / James Banks, Carl Emmerson, and Gemma Tetlow -- Health capacity to work at older ages: evidence from the U.S. / Courtney Coile, Kevin Milligan, and David A. Wise

Contents -- Acknowledgments -- Introduction / Courtney Coile, Kevin Milligan, and David A. Wise -- 1. Work Capacity and Longer Working Lives in Belgium / Alain Jousten and Mathieu Lefebvre -- 2. Health Capacity to Work at Older Ages: Evidence from Canada / Kevin Milligan and Tammy Schirle -- 3. Health Capacity to Work at Older Ages in Denmark / Paul Bingley, Nabanita Datta Gupta, and Peder J. Pedersen -- 4. Health Capacity to Work at Older Ages in France / Didier Blanchet, Eve Caroli, Corinne Prost, and Muriel Roger -- 5. Healthy, Happy, and Idle: Estimating the Health Capacity to Work at Older Ages in Germany / Hendrik Jürges, Lars Thiel, and Axel Börsch-Supan -- 6. Health Capacity to Work at Older Ages: Evidence from Italy / Agar Brugiavini, Giacomo Pasini, and Guglielmo Weber -- 7. Health Capacity to Work at Older Ages: Evidence from Japan / Emiko Usui, Satoshi Shimizutani, and Takashi Oshio -- 8. Work Capacity at Older Ages in the Netherlands / Adriaan Kalwij, Arie Kapteyn, and Klaas de Vos -- 9. Health Capacity to Work at Older Ages: Evidence from Spain / Pilar García-Gómez, Sergi Jiménez-Martín, and Judit Vall Castelló -- 10. Health, Work Capacity, and Retirement in Sweden / Per Johansson, Lisa Laun, and Mårten Palme -- 11. Health Capacity to Work at Older Ages: Evidence from the United Kingdom / James Banks, Carl Emmerson, and Gemma Tetlow -- 12. Health Capacity to Work at Older Ages: Evidence from the United States / Courtney Coile, Kevin Milligan, and David A. Wise -- Contributors -- Author Index -- Subject Index

Machine generated contents note:1.Trends in Pension Cash-Out at Job Change and the Effects on Long-Term Outcomes /James M. Poterba --2.Liquidity in Retirement Savings Systems: An International Comparison /Daniel McFadden --3.House Price Volatility and the Housing Ladder /Steven F. Venti --4.What Determines End-of-Life Assets? A Retrospective View /Brigitte C. Madrian --5.Understanding the Improvement in Disability-Free Life Expectancy in the US Elderly Population /Jonathan Skinner --6.Are Black-White Mortality Rates Converging? Acute Myocardial Infarction in the United States, 1993 -- 2010 /David R. Weir --7.Measuring Disease Prevalence in Surveys: A Comparison of Diabetes Self-Reports, Biomarkers, and Linked Insurance Claims /James P. Smith --8.Challenges in Controlling Medicare Spending: Treating Highly Complex Patients /Hidehiko Ichimura --9.Movies, Margins, and Marketing: Encouraging the Adoption of Iron-Fortified Salt /Esther Duflo --10.Suicide, Age, and Well-Being: An Empirical Investigation /David M. Cutler --11.Does Retirement Make You Happy? A Simultaneous Equations Approach /Anne Case.

The fraction of the population over age sixty-five in many developed countries is projected to rise, in some cases sharply, in coming decades. This has drawn growing interest to research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid work, yet they are living longer than ever. Their well-being is shaped by their past decisions such as their saving behavior, as well as by current and future economic conditions, health status, medical innovations, and a rapidly evolving landscape of policy incentives and supports. The contributions to Insights in the Economics of Aging uncover how financial, physical, and emotional well-being are integrally related. The authors consider the interactions between financial circumstances in later life, such as household savings and home ownership, physical circumstances such as health and disability, and emotional well-being, including happiness and mental health. --

The sixth stage of an ongoing research project studying the relationship between social security programmes and labour force participation, this volume draws on the work of an eminent group of international economists to consider the extent to which differences in labour force participation across countries are determined by the provisions of disability insurance programmes. Presented in an easily comparable way, their research covers 12 countries, including Canada, Japan, and the US, and considers the requirements of disability insurance programmes, as well as other pathways to retirement.

In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs-and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in coming decades social security in many countries may have to be reformed in order to remain financially viable. This volume offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and to what extent disability insurance reforms are prompted by the circumstances of a country's elderly population.

Intro -- Contents -- Preface -- Introduction - David A. Wise and Richard Woodbury -- I. Financing Retirement -- 1. Were They Prepared for Retirement? Financial Status at Advanced Ages in the HRS and AHEAD Cohorts - James M. Poterba, Steven F. Venti, and David A. Wise -- 2. Economic Preparation for Retirement - Michael D. Hurd and Susann Rohwedder -- 3. How Well Are Social Security Recipients Protected from Inflation? - Gopi Shah Goda, John B. Shoven, and Sita Nataraj Slavov -- 4. The Availability and Utilization of401(k) Loans - John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian -- II. Health and Health Care -- 5. Dimensions of Health in the Elderly Population - David M. Cutler and Mary Beth Landrum -- 6. The Value of Progress against Cancer in the Elderly - Jay Bhattacharya, Alan M. Garber, Matthew Miller, and Daniella Perlroth -- 7. Self-Reported Disability and Reference Groups - Arthur van Soest, Tatiana Andreyeva, Arie Kapteyn, and James P. Smith -- 8. "Healthy, Wealthy, and Wise?" Revisited: An Analysis of the Causal Pathways from Socioeconomic Status to Health - Till Stowasser, Florian Heiss, Daniel McFadden, and Joachim Winter -- 9. Childhood Health and Differences in Late-Life Health Outcomes between England and the United States - James Banks, Zoë Oldfield, and James P. Smith -- 10. The Financial Crisis and the Well-Being of America - Angus Deaton -- Contributors -- Author Index -- Subject Index.

Building on findings from earlier volumes in this series, this book focuses on the changing financial circumstances of the elderly and the relationship of these circumstances to health and health care.

The next two decades will mark a new phase in the demographic transition of the United States as baby boomers become eligible for Social Security and Medicare. Drawing on evidence from the United States and other nations, Explorations in the Economics of Aging yields important new findings on how economic decisions by households and policy choices by governments will influence the effects of this demographic shift. It explores topics such as the implications of differential mortality rates by income on Social Security, the link between cognition and economic outcomes, and scale variations in self-reported work disability. This volume will be an important reference for economists and policymakers alike.

Drawing on evidence from the United States and other nations this book yields important new findings on how economic decisions by households and policy choices by governments will influence the effects of this demographic shift.

The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary

For over a decade, the National Bureau of Economic Research has sponsored the Economics of Aging Program, under the direction of David A. Wise. The program addresses issues that affect the well-being of individuals as they age and a society that is composed increasingly of older people.Within the next twenty years, an unprecedented proportion of Americans will be over sixty-five. New research in the economics of aging is an essential element of understanding what the future holds for this aging population. Inquiries in the Economics of Aging presents both empirical papers that consider questio