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also larger in the US than in England. Finally, cognition has little added explanatory power once we also control for … health, suggesting that cognition is not a key driver of employment at these ages. …
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. Using data from the Health and Retirement Study and the Medical Expenditure Panel Survey, we estimate a dynamic programming … model of retirement that accounts for both saving and uncertain medical expenses. Importantly, we model the two key channels …
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education and are larger in the US than in England. Cognition has little added explanatory power once we control for health …
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We use comparable data from the U.S. and England to examine similarities and differences in the level and trajectories of assets among households age 70 and older. We find that in the U.S. assets on average decline gradually with age, while in England older households actually accumulate wealth....
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