According to the life-cycle model, mortality risk will influence both retirement and the desire to annuitize wealth. The authors estimate the effect of subjective survival probabilities on retirement and on the claiming of Social Security benefits because delayed claiming is equivalent to the...

Inter-vivos cash transfers and bequests between family members total hundreds of billions of dollars each year. They may equalize resources within a generation of a family as well as across family generations. Transfers delayed to the end of life may represent a significant motive for saving....

This study provides new evidence on trends in disability among the elderly from 1982 to 1996. Logistics analysis is used to estimate the trend in disability prevalence after controlling for age, sex, and proxy reporting. The sample includes 124,949 people ages 70 and older in the 1982-1996...

Inter-vivos cash transfers and bequests between family members total hundreds of billions of dollars each year. They may equalize resources within a generation of a family as well as across family generations. Transfers delayed to the end of life may represent a significant motive for saving....

This paper analyzes a puzzling aspect of retirement behavior known as Òunretirement,Ó in which retirees appear to reverse their retirement decisions and return to work. Using panel data from the Health and Retirement Study, the author shows that nearly 50 percent of retirees follow a...

In this paper the authors examine the scope of cross-country variation in institutions related to social insurance. Building on the variation they find they assess the value of new micro data that is comparable across countries to help identify key parameters of individual behavior. They present...

This paper provides evidence on time-use from the Health and Retirement Study (HRS), a large general-purpose survey that is representative of the U.S. population age 51 and over. The data stand out for its rich set of covariates which are used to present variation in time-use by health and...

Based on a sample of actual bequests that is population-representative and on the subjective probability of bequests, the authors estimate the distribution of bequests that the older population will make. The authors find that the distribution is highly skewed, so that the typical baby-boom...

The Asset and Health Dynamics Among the Oldest Old (AHEAD) study shows a large increase in reported total wealth between 1993 and 1995. Such an increase is not found in other US household surveys around that period. This paper examines one source of this difference. The authors find that in...

This paper defines quasi-coresidence, a type of living arrangment in Southeast Asia in which parents and children live separately but in close proximity and see and help one another frequently. Since this is a new concept that has not been previously researched, we consider a number of...