for health care and paying for other goods and services. The income and health care expenditures not paid from personal … the elderly's full income was devoted to health care; 65 percent to other goods and services. Approximately 56 percent of … percentages might change under alternative assumptions about the growth of health care relative to other goods and services and …

expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were …

The effect of new health information on individuals' expectations about their longevity is examined using a Bayesian … more extensive advice on health behavior from their physicians. The subjective probability of survival declines with health …

We use a new data file of insurance claims under employer- provided health plans to describe the pattern of … FIRM plans seem to have substantial effects on health care expenditures. Inpatient expenditures are a much larger fraction … health disorders account for a surprisingly large fraction of health care costs. (3) The components of health care cost …

We consider how age-health profiles differ by demographic characteristics such as education, race, and ethnicity. A key … feature of the analysis is the joint estimation of health and mortality to correct for the effect of mortality selection on … observed age-health profiles. The model also allows for heterogeneity in individual health at a point in time and the …

Older wealthholders spend down assets slowly. To study this pattern, the paper introduces health dependent utility into … consumption combine with health and longevity uncertainty to determine saving behavior. To help separately identify motives, it … from the Vanguard Research Initiative. Estimates of the health-state utility function imply that motives associated with …

nearing retirement age. Using 47,400 person-wave observations from the Health and Retirement Study (HRS), we find the arrival … pensions and retiree health insurance have the largest influence on retirement, the opportunity cost associated with outside …