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Population Aging and Structural Transformation
Cravino, Javier - 2019
larger share of their expenditures to services, so the relative size of the service sector grows as the population ages. In a … devoted to services increases with household age. We use a shift-share decomposition and a quantitative model to show that … changes in the U.S. population age distribution accounted for about a fifth of the observed increase in the share of services …
Persistent link: https://www.econbiz.de/10012480272
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Junior is Rich : Bequests as Consumption
Constantinides, George M. - 2005
We explore the consequences for asset pricing of admitting a bequest motive into an otherwise standard overlapping generations model where agents trade equity and perpetual debt securities. Prices of securities are seen to be approximately 50% higher in an economy with bequests as compared to an...
Persistent link: https://www.econbiz.de/10012467563
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Immigrant Labor and the Institutionalization of the U.S.-born Elderly
Butcher, Kristin F.; Moran, Kelsey; Watson, Tara - National Bureau of Economic Research - 2021
. We show that immigration affects the availability and cost of home services, including those provided by home health …
Persistent link: https://www.econbiz.de/10012696429
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Long-term Care in the United States
Gruber, Jonathan; McGarry, Kathleen - National Bureau of Economic Research - 2023
The population of the United States, as with the rest of the world, is aging rapidly, with the most rapid growth occurring among the age 85 and older population, those who rely most on long-term care. In this chapter, we review the delivery and financing of long-term care in the U.S. We show...
Persistent link: https://www.econbiz.de/10014437012
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Service Offshoring and Productivity : Evidence from the United States
Amiti, Mary - 2006
have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10012466745
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Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2021
Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD) regulation, requiring retirees to withdraw a minimum...
Persistent link: https://www.econbiz.de/10012482705
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Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?
Banks, James - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10012456166
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Explanations for the Decline in Spending at Older Ages
Rohwedder, Susann; Hurd, Michael D.; Hudomiet, Péter - National Bureau of Economic Research - 2022
We use new data from the 2019 wave of the Consumption and Activities Mail Survey to help interpret the observed decline in spending as individuals age. At one extreme, forward-looking individuals optimally chose the decline; at the other, myopic individuals overspent and were forced to reduce...
Persistent link: https://www.econbiz.de/10013388816
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Entrepreneurship During the COVID-19 Pandemic : Evidence from the Business Formation Statistics
Haltiwanger, John C. - National Bureau of Economic Research - 2021
surge), Professional, Scientific and Technical Services, Truck Transportation, and Accommodation and Food Services. Given … that existing small businesses in Retail Trade and Accommodation and Food Services have suffered especially large declines …
Persistent link: https://www.econbiz.de/10012585396
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Structural Change Within versus Across Firms : Evidence from the United States
Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022
, manufacturing firms with auxiliary employment pivot towards services in response to a plausibly exogenous decline in their physical …
Persistent link: https://www.econbiz.de/10013334346