Pension Trends has added three new chapters: Chapter 2: Population Change, Chapter 3: Life expectancy and healthy ageing, and Chapter 4: The labour market and retirement (2012 Edition, February 2012, .pdf format).
- Chapter 2: Population Change.
www.ons.gov.uk/ons/rel/pensions/pension-trends/chapter-2–population-change–2012-edition-/index.html
- Chapter 3: Life expectancy and healthy ageing.
- Chapter 4: The labour market and retirement.
EBRI Notes (Vol. 33, No. 2, February 2012, .pdf format, 19p.). Note: The articles in this issue are: “Labor-force Participation Rates of the Population Age 55 and Older, 2011: After the Economic Downturn,” by Craig Copeland; and, “Employer and Worker Contributions to Health Savings Accounts and Health Reimbursement Arrangements, 2006-2011,” by Paul Fronstin.
www.ebri.org/publications/notes/index.cfm?fa=notesDisp&content_id=4994
“Losing the Ability in Activities of Daily Living in the Oldest Old: A Hierarchic Disability Scale from the Newcastle 85+ Study,” by Andrew Kingston, Joanna Collerton, Karen Davies, John Bond, Louise Robinson, and Carol Jagger (PLoS ONE 7(2): e31665. doi:10.1371/journal.pone.0031665, XML, HTML, and .pdf format, 7p.).
www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0031665
“Personality and Response to the Financial Crisis,” by Angela Lee Duckworth and David Weir (WP 2011-260, December 2011, .pdf format, 15p.). Note: Links to the abstract and full-text can be found at:
www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=813
“Increasing life expectancy and optimal retirement: does population aging necessarily undermine economic prosperity?” by Klaus Prettner and David Canning (PDGA Working Paper No. 91, FEbruary 2012, .pdf format, 32p.).
Abstract:
In this paper we analyze the effects of changes in longevity and the pace of technological progress on interest rates, savings behaviour and optimal retirement decisions. In so doing we embed the dynamic optimization problem of choosing a life-cycle consumption path and the retirement age into a general equilibrium setting. Thereby we assume that technology evolves exogenously and the production side of the economy can be described by means of a neoclassical production function. Our results show that (i) the aggregate capital to consumption ratio increases and interest rates decrease in response to increases in longevity; (ii) the response of the optimal retirement age to increases in longevity is ambiguous. However, for reasonable parameter values the optimal retirement age increases in longevity; (iii) the aggregate capital to consumption ratio decreases and interest rates increase in response to faster technological progress; (iv) the response of the optimal retirement age to faster technological progress is ambiguous. However, for reasonable parameter values the optimal retirement age increases in the pace of technological improvements.
“Harmonization of Cross-National Studies of Aging to the Health and Retirement Study: Chronic Medical Conditions,” by Peifeng Hu and Jinkook Lee (WR861/1, 2011, .pdf format, 36p.). Note: Links to the abstract and full-text can be found at:
“Senior Medicare Patrol Projects,” (HHS-2012-AoA-MP-1202, .pdf format, 49p.).
www.aoa.gov/AoARoot/Grants/Funding/docs/2012/FY_2012_SMP_PA.pdf
Note: HMD requires free registration before providing data. The following updates have been added to the database:
- Data for Lithuania were revised and updated through 2010 (2/15/2012).
Data availability:
www.mortality.org/cgi-bin/hmd/DataAvailability.php
Data access:
Note: different data sets have different acquisition conditions. See the information accompanying each data set for more information.
- Wave 1 of The Irish Longitudinal Study on Ageing
The University of Michigan Institute for Social Research PSID has recently added the following item to its bibliography. The entire bibliography can be searched or browsed in various ways at:
psidonline.isr.umich.edu/Publications/Bibliography/default.aspx
Tobing, Elwin. How Do Housing Wealth Effects Vary with Age?. Applied Economics Letters. 2012; 19, (7):649-652.
Weinzieri, Matthew. The Surprising Power of Age-Dependent Taxes. The Review of Economic Studies. 2011; 78, (4):1490.
American Journal of Alzheimer’s Disease and Other Dementias (Vol. 26, No. 8, December 2011).
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