proceed by using the large variation across birth cohorts in income security entitlements in Canada that arise from reforms to …-being while controlling for other factors that affect well-being over time and by age. We examine measures of income, consumption …, poverty, and happiness. For income, we find large increases in income corresponding to retirement benefit increases …

ordinary least squares, instrumental variables estimates based on the notch suggest that lower-income retirees exhibit … considerable income sensitivity in their use of prescription drugs. Our estimates are potentially useful for thinking about the …

income and economic welfare. Traditional replacement rates are calculated, although a number of shortcomings of such measures … Security income in retirement is a safer source ofincome than earnings earlier in life. The fully adjusted total income …

This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …

There is widespread and longstanding agreement that life expectancy and income are positively correlated. However, it … has proven much more difficult to establish a causal relationship since income and health are jointly determined. We use a … major change in the Social Security law as exogenous variation in income to examine the impact of income on mortality in an …

This paper estimates the impact of income on the long-term care utilization of elderly Americans using a natural … positive permanent income shock lowers nursing home use but increases the utilization of paid home care services. We find some … estimates suggests that moderate reductions in post-retirement income would significantly alter long-term utilization patterns …

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …