This paper examines the impact of Long-Term Care Insurance (LTCI) policy on the development of elderly care enterprises in China. Employing a policy shock and a difference-in-differences design, we find that the implementation of LTCI significantly promotes the the number of new entries and...

We estimate racial and ethnic disparities in well-being among the older U.S. population using an expected utility framework that incorporates differences in consumption, leisure, health, mortality, and wealth. We use longitudinal data from the Health and Retirement Study (HRS) supplemented with...

We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....

The number of Americans raising grandchildren has been rising steadily. In this paper, we add to what is known about the implications of this trend by focusing on the economic effects of raising a grandchild. We make use of a unique data set compiled from the Panel Study of Income Dynamics along...

By any measure, pension coverage should be at an all time high: the nation is richer and workers are older. However, the pension world is a paradox, as pension security falls for middle class workers and pension spending increases. The United States government directly and indirectly spends over...

Social capital is both an input and an output of individuals' economic choices, but relatively little is known about social capital investment, particularly in individuals' old age. With a premise that SC is an individual-level concept in which individuals purposely invest, we estimate elderly...

We investigate whether a cut in unemployment benefit payout periods affected older workers’ labor market transitions. We apply rich administrative data and exploit a difference-indifferences approach. We compare the reference group of 40-44 year olds with constant benefit payout periods to...

A feature of employment at older ages that has been observed in many countries, including Ireland, is the higher share of self-employment among older labour force participants. This pattern of higher self-employment rates at the end of the labour market career may reflect lower rates of...

We study the retirement effects on mental health using a fuzzy regression discontinuity design based on the eligibility age to the state pension in the Netherlands. We find that the mental effects are heterogeneous by gender and marital status. Retirement of partnered men positively affects...

Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison...