One partial solution to the strains of an aging society is continued work later in life, and self-employment is one way that some older Americans have chosen to remain in the labor force. The individual and societal benefits of continued work are straightforward: each additional year that...

We use the 1998-2006 waves of the Health and Retirement Study (HRS) to investigate how households change their asset holdings at older ages. We find a notable increase in the net worth of older households between 1998 and 2006, with most of the growth due to housing. Our results indicate that,...