<DIV>Even as life expectancy in many countries has continued to increase, social security and similar government programs can provide strong incentives for workers to leave the labor force when they reach the age of eligibility for benefits. Disability insurance programs can also play a significant...</div>

<DIV>This companion volume to <I>The Economics of Aging</I> (1989) examines the economic consequences of an increasingly older population, focusing on the housing and living arrangements of the elderly, as well as their labor force participation and retirement.

We explore the relationship between education and the evolution of wealth after retirement. Asset growth following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are strongly related to educational attainment. These “initial...