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The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older … workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research … consumption, income, or savings behavior. With longitudinal data on mothers and children from the Panel Study of Income Dynamics …
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We investigate the association between age and medical spending in the U.S. using data from the Medical Expenditure Panel Survey (MEPS). We estimate a partially linear seminonparametric model and construct "pure" life-cycle profiles of health spending simultaneously controlling for time effects...
Persistent link: https://www.econbiz.de/10014197244
In this paper we construct life-cycle profiles of U.S. health care spending using data from the Medical Expenditure Panel Survey (MEPS). We separate pure age effects on health expenditure from time effects (i.e. productivity effects, business cycle effects, etc.) and cohort effects (i.e. initial...
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We consider the life cycle choices of a household deciding how much to consume and how to allocate spouses time to work, leisure, and childcare. In an environment with uncertainty, the allocation of goods and time over the life cycle also serves the purpose of smoothing marginal utility in...
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