Current Awareness in Aging Research (CAAR) Report #349--August 3, 2006


CAAR (Current Awareness in Aging Research) is a weekly email report produced by the Center for Demography of Health and Aging at the University of Wisconsin-Madison that helps researchers keep up to date with the latest developments in the field. For more information, including an archive of back issues and subscription information see:


I. Data:

1. HEALTH AND RETIREMENT STUDY: The University of Michigan, Institute for Social Research HRS has announced: "HRS Tracker 2004 (Final, Version 1.0)."

Data access:

2. UK NATIONAL STATISTICS OFFICE DATA METHODOLOGY REPORT: "Changes to Pension Statistics in the Annual Survey of Hours and Earnings: The introduction of the new 2005 questionnaire has improved the pension results from the ASHE survey," by Chris Daffin and Bob Watson (July 2006, .pdf format, 8p.).

3. UK NATIONAL STATISTICS OFFICE POPULATIONS PROJECTIONS DATABASE (2004 BASE): "National population projections by age and sex are produced for the United Kingdom and constituent countries every two years. In recent years, projections have been produced by the Government Actuary's Department (GAD) in consultation with the statistical offices of the constituent countries. Details of the latest (2004-based) projections and historical projections are currently available from the GAD website. The main focus of the 2004-based projections is on the next 25 years, though longer term projections to 2074 are also presented. In addition to the principal (main) projections, variant projections, based on alternative assumptions of future fertility, mortality and migration, are also available."

Click on "GAD Website" for link to database. When you get to the projections database, note that the query is near the bottom of the page.


II. Reports and articles:


A. "Medicare Beneficiary Access to Skilled Nursing Facilities: 2004" (OEI-02-04-00270, July 2006, .pdf format, 36p.).

B. "Medicare Beneficiary Access to Home Health Agencies: 2004" (OEI-02-04-00260, July 2006, .pdf format, 39p.).

5. US CENTERS FOR MEDICARE AND MEDICAID SERVICES NEWS RELEASE: "CMS Announces Payment, Policy Changes For Inpatient Rehabilitation Facilities in Fiscal Year 2007: Final Rule on Accreditation of DME Suppliers Also Released" (Aug. 1, 2006).


A. "Baby Boom Generation: Retirement of Baby Boomers Is Unlikely to Precipitate Dramatic Decline in Market Returns, but Broader Risks Threaten Retirement Security" (GAO-06-718, July 2006, .pdf format, 64p.).

B. "Medicare: CMS's Proposed Approach to Set Hospital Inpatient Payments Appears Promising" (GAO-06-880, July 2006, .pdf format, 29p.).

C. "TRICARE: Enrollment of the Department of Defense's TRICARE Beneficiaries in Medicare Part B" (Correspondence, GAO-06-489R, June 2006, .pdf format, 20p.).

Note: These are temporary addresses. GAO reports are always available at:

Correspondence may or may not be available at the above address.

7. US NATIONAL CRIMINAL JUSTICE REFERENCE SERVICE REPORT: "Bruising in the Geriatric Population," by Laura Mosqueda, Kerry Burnight,and Solomon Liao (NCJRS via University of California, Irvine College of Medicine, Program in Geriatrics Orange, California, June 2006, .pdf format, 21p.).

8. AUSTRALIAN DEPARTMENT OF HEALTH AND AGEING NEWS RELEASE: "More transition care after hospital for older Queenslanders" (SS70/06, Jul. 28, 2006, HTML and .pdf format, 2p.).

9. AUSTRALIAN INSTITUTE FOR HEALTH AND WELFARE REPORT: "National evaluation of the Aged Care Innovative Pool Dementia Pilot: Final Report," by Cathy Hales, Lydia Ross, and Claire Ryan (Aged Care Series No. 10, July 2006, .pdf format, 468p.).

10. STATISTICS CANADA/STATISTIQUE CANADA REPORT: "Life Tables, Canada, Provinces and Territories: 2000-2002," by Doreen Duchesne, Patricia Tully, Brad Thomas, and Robert Bourbeau (July 2006, methodology, .pdf format, 25p.; tables, ASCII text and .pdf format).

Click on "View and follow the links to full text.


A. "Common Ground on the Future: National and Iowa Member Opinion About 2006 Election Issues," by Susan L. Silberman (Opinion Research Report, July 2006, .pdf format, National Report, 62p.; State Report, 12p.; Congressional District Report, 18p.).

B. "Bringing it Home: AARP Iowa Member Opinion on Direct Care Worker Quality and Long-Term Care Access," by Susan L. Silberman (Opinion Research Report, June 2006, .pdf format, 42p.).

C. "The following AARP _Prime Time Radio_ show is now available (RealPlayer plug-in or helper application required, audio transcripts run between 24 and 30 minutes).

Death's Door (Jul. 25, 2006).



A. "Profiles of Nursing Home Residents on Medicaid," by Claudia Williams, James Rosen, and Molly O'Malley (July 2006, .pdf format, 15p.).

B. "The Role of Part D for People With HIV/AIDS: Coverage and Cost of Antiretrovirals Under Medicare Drug Plans" (August 2006, .pdf format, 15p.).

13. URBAN INSTITUTE ARTICLE: "Public Housing for Seniors Must Meet Today's Needs," by Robin E. Smith (July 2006).

14. DELOITTE RESEARCH REPORT: "Paying for Tomorrow: Practical Strategies for Tackling the Public Pensions Crisis," (July 2006, .pdf format, 24p.).

More information about Deloitte Development:,1041,sid%253D2250,00.html

15. EMPLOYMENT BENEFITS RESEARCH INSTITUTE PERIODICAL: EBRI Notes (Vol. 27, No. 8, August 2006, .pdf format).

Click on "Download Notes" for link to full text.

16. MICHIGAN RETIREMENT RESEARCH CENTER NEWSLETTER: The University of Michigan, Institute for Social Research MRRC has released its latest Newsletter (Vol. 7, No. 3, July 2006, HTML and .pdf format, 9p.).

17. JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION BOOK REVIEW EXTRACT: Belmont Revisited: Ethical Principles for Research With Human Subjects, edited by James F. Childress, Eric M. Meslin, and Harold T. Shapiro, reviewed by Jonathan Kimmelman (Vol. 296, No. 5, Aug. 2, 2006, p. 589-590).

18. PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES ARTICLE ABSTRACT: "Glatiramer acetate fights against Alzheimer's disease by inducing dendritic-like microglia expressing insulin-like growth factor 1," by Oleg Butovsky, Maya Koronyo-Hamaoui, Gilad Kunis, Eran Ophir, Gennady Landa, Hagit Cohen, and Michal Schwartz (Vol. 103, No. 31, Aug. 1, 2006, p. 11784-11789).


A. "Bush vetoes bill to expand stem cell research," by Janice Hopkins Tanne (News Extract, Vol. 333, No. 7561, Jul. 29, 2006, p. 216).

B. "EU agrees to continue funding stem cell research," by Rory Watson (News Extra Extract, Vol. 333, No. 7561, Jul. 29, 2006, p. 220).

C. "A cost effectiveness analysis within a randomised controlled trial of post-acute care of older people in a community hospital," by Jacqueline O'Reilly, Karin Lowson, John Young, Anne Forster, John Green, and Neil Small (Article Abstract, Vol. 333, No. 7561, Jul. 29, 2006, p. 228-232).

20. LANCET SEMINAR ABSTRACT: Note: Lancet requires free registration before providing content. "Alzheimer's disease," by Kaj Blennow, Mony J. de Leon, and Henrik Zetterberg (Vol. 368, No. 9533, Jul. 29, 2006, p. 387-403).

21. TIME ARTICLE: "Stem Cells: The Hope And The Hype," by Nancy Gibbs (Aug. 7, 2006). Note: there are also links to three other articles on the topic.,9171,1220538,00.html

22. WEEKLY STANDARD ARTICLE: "The Great Stem Cell Coverup," by Wesley J. Smith (Vol. 11, No. 44, Aug. 7, 2006).


III. Working Papers:


A. "The Effect of Inheritance Receipt on Retirement," by Jeffrey R. Brown, Courtney C. Coile, and Scott J. Weisbenner (w12386, July 2006, .pdf format, 30p.).


This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health and Retirement Study (HRS), we first document that inheritance receipt is common among older workers -- one in five households receives an inheritance over an eight-year period, with a median value of about $30,000. We find that inheritance receipt is associated with a significant increase in the probability of retirement. In particular, we find that receiving an inheritance increases the probability of retiring earlier than expected by 4.4 percentage points, or 12 percent relative to the baseline retirement rate, over an eight-year period. Importantly, this effect is stronger when the inheritance is unexpected and thus more likely to represent an exogenous shock to wealth.

B. "How Household Portfolios Evolve After Retirement: The Effect of Aging and Health Shocks," by Courtney Coile and Kevin Milligan (w12391, July 2006, .pdf format, 34p.).


In this paper, we study how the portfolios of elderly U.S. households evolve after retirement, using data from the Health and Retirement Study (HRS). In particular, we investigate the influence of aging and health shocks on a household's ownership of various assets and on the dollar value and share of total assets held in each asset class. We find that households decrease their ownership of most asset classes as they age, with the strongest evidence for principal residences and vehicles, while increasing the share of assets held in bank accounts and CDs. Consistent with prior studies, we find that the death of a spouse is a strong predictor of selling the principal residence. However, we find that widowhood also leads households to sell vehicles, businesses, and real estate and to put money into bank accounts and CDs, and further that other health shocks have very similar impacts. Finally, we explore why health shocks affect asset holdings and find that the effect of a shock is greatly magnified when households have physical or mental impairments. This suggests that factors other than standard risk and return considerations may weigh heavily in many older households' portfolio decisions.

C. "Optimizing the Retirement Portfolio: Asset Allocation, Annuitization, and Risk Aversion," by Wolfram J. Horneff, Raimond Maurer, Olivia S. Mitchell, and Ivica Dus (w12392, July 2006, .pdf format, 27p.).


Retirees must draw down their accumulated assets in an orderly fashion so as not to exhaust their funds too soon. We derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a withdrawal strategy, assuming risk aversion, stochastic capital markets, and uncertain lifetimes. The resulting portfolio allocation, when fixed as of retirement, is then compared to phased withdrawal strategies such a "self-annuitization" plan or the 401(k) "default" pattern encouraged under US tax law. Surprisingly, the fixed percentage approach proves appealing for retirees across a wide range of risk preferences, supporting financial planning advisors who often recommend this rule. We then permit the retiree to switch to an annuity later, which gives her the chance to invest in the capital market and "bet on death." As risk aversion rises, annuities first crowd out bonds in retiree portfolios; at higher risk aversion still, annuities replace equities in the portfolio. Making annuitization compulsory can also lead to substantial utility losses for less risk-averse investors.

24. LEVY ECONOMICS INSTITUTE, BARD COLLEGE [ANNADALE-ON-HUDSON, NY]: "Wage Growth and the Measurement of Social Security's Financial Condition," by Jagadeesh Gokhale (Working Paper No. 461, July 2006, .pdf format, p.). Note: Links to the abstract and full-text can be found at:

25. INTERNATIONAL POVERTY CENTER [UNITED NATIONS DEVELOPMENT PROGRAMME]: "Poverty, Old-Age and Social Pensions in Kenya," Nanak Kakwani, Hyun H. Son and Richard Hinz (Working Paper No. 24, July 2006, .pdf format, 46p.).


A. "The Diversification and the Privatization of the Sources of Retirement Income in Canada," by Long Mo, Jacques Legare, and Leroy Stone (Research Paper No. 159, July 2006, .pdf format, 24p.).


Recent labour market developments in the context of population ageing have generated many changes concerning sources of retirement income. More precisely, this paper, which is based on two Statistics Canada surveys (Survey of Consumer Finances and Survey of Labour and Income Dynamics,) will look at the processes of diversification and privatisation of income sources of Canada's retirees during the period 1980-2002. This study has used the concept of individualized income based on the economic family in order to consider economies of scale and revenue sharing. An appropriate assessment of the composition of retirement income sources has been realized, while discerning five distinct categories: net government transfer payments, CPP/QPP benefits, private pensions, investment income and employment income. The situation of older women living alone and of older immigrants has been more carefully analyzed in order to detect some particularities among those two vulnerable groups. The results of this study demonstrate that retirees' income composition has undergone many changes. In addition, sources of retirement income have become substantially more diversified and privatized during the period under study. These adjustments are becoming essential in western societies in order to overcome the obstacles caused by population ageing that could disrupt pension systems.



B. "Le soutien aux personnes agees en perte d'autonomie: jusqu'ou les baby-boomers pourront-ils compter sur leur famille pour repondre a leurs besoins?" by Jacques Legare, Carolyne Alix, Yves Carrière, and Janice Keefe (Research Paper No. 157, July 2006, .pdf format 40p.). Note: this paper is available in French only at this time.


Projection of future needs for home care services typically uses current utilisation patterns and population ageing. Accurately assessing this need is much more complex since disability patterns among the elderly are changing and availability of caregivers is affected by changes in family structure. This paper projects annual growth rates between 2001-2031 in the need for informal and formal support among elderly in Quebec and discusses the policy implications of the increasing demand for informal caregivers. Using Statistics Canada Life Paths micro-simulation model, these projections incorporate disability rates and the upcoming availability of informal caregivers. The authors conclude that continued focus on family to meet the needs of elderly without increased formal support is not sustainable in the long term.


IV. Journal Tables of Contents (check your library for availability):

27. American Journal of Epidemiology (Vol. 164, No. 4, Aug. 15, 2006).

28. Dementia (Vol. 5, No. 3, August 2006).

29. Omega: Journal of Death and Dying (Vol. 52, No.4, 2005/2006; Vol. 53, No. 1/2, 2006).

30. INGENTACONNECT: INGENTACONNECT provides fee based document delivery services for selected journals.

A. Point your browser to:

B. click on "advanced search"
C. Type in your publication name and click "Exact title" radio button
D. Under "Show", click the "fax/ariel" radio button.
E. View the table of contents for the issue noted.

International Psychogeriatrics (Vol. 18, No. 2, 2006).

31. AMEDEO MEDICAL LITERATURE: Note: "AMEDEO has been created to serve the needs of healthcare professionals, including physicians, nurses, pharmacists, administrators, other members of the health professions, and patients and their friends. They can easily access timely, relevant information within their respective fields... All AMEDEO services are free of charge. This policy was made possible thanks to generous unrestricted educational grants provided by AMGEN, Berlex, Eisai, Glaxo Wellcome, Novartis, Pfizer, Roche, and Schering AG."

A. Osteoporosis: Literature for the week of Aug. 2, 2006:

B. Alzheimer's Disease: Literature for the week of Aug. 2, 2006:

C. Parkinson's Disease: Literature for the week of Aug. 2, 2006:

D. Prostate Cancer: Literature for the week of Aug. 2, 2006:

E. Stem Cell Research: Literature for the week of Aug. 2, 2006:

F. Ophthalmology: Literature for the week of Aug. 2, 2006:

AMEDEO Literature Guide:


V. Books:

32. OXFORD UNIVERSITY PRESS: The Oxford Handbook of Pensions and Retirement Income, edited by Gordon L. Clark, Alicia H. Munnell, and J. Michael Orszag (2006, 936p., ISBN-10: 0-19-927246-8; ISBN-13: 978-0-19-927246-4, 85 UK pounds). For more information see:


VI. Funding Opportunities:

33. US NATIONAL INSTITUTES OF HEALTH: "Neuroeconomics of Aging (R21)" (RFA-AG-06-011, Jul. 31, 2006, National Institute on Aging). For more information see:


VII. Legislation Information Updates:

34. US HOUSE OF REPRESENTATIVES COMMITTEE ON ENERGY AND COMMERCE, SUBCOMMITTEE ON HEALTH HEARING PUBLICATION: "Medicare Physician Payment: How to Build a More Efficient Payment System," a hearing held Nov. 17, 2005 (House Serial Publication 109-75, ASCII text and .pdf format, 154p.).

Scroll to or "find in page" "109-75" (without the quotes).


VIII. Websites of Interest:

35. AARP AGING EVERYWHERE UPDATES: AARP'S "Aging Everywhere" site (discussed in CAAR #246--Jul. 15, 2004-- #27) has been updated with information about the following countries:

North America:


Latin America:

Argentina, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Nicaragua,
Peru, Puerto Rico, Uruguay


Austria. Belgium, Estonia, Germany, Hungary, Iceland, Italy, Luxembourg, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden. Switzerland, Ukraine


Azerbaijan Republic. Bangladesh, India, Israel, Japan, Jordan, Republic of Korea, Mauritius, Nepal, Philippines, Singapore, Sri Lanka, Thailand, Turkey


Egypt, Ghana, Kenya, Nigeria, South Africa, United Republic of Tanzania, Tunisia


Australia, New Zealand

and click on country of choice via the continent on the map or in text.


IX. Bibliography Updates:

36. PANEL STUDY OF INCOME DYNAMICS: The University of Michigan Institute for Social Research PSID has recently added the following item to its bibliography:

Keith, Kristen and Malone, Paula. Housework and the Wages of Young, Middle-Aged, and Older Workers. Contemporary Economic Policy . 2005; 23(2):224-241.

The entire bibliography can be searched or browsed in various ways at:

Jack Solock
Data Librarian--Center for Demography and Ecology and Center for
Demography of Health and Aging
4470 Social Science
University of Wisconsin-Madison
Madison, WI 53706