We examine the impact of population aging on municipal access to credit. A one standard deviation increase in a state's population age leads to a 23 basis point increase in municipal bond issue spread. Three mechanisms drive this effect: income tax revenue, healthcare liabilities, and pension...

The evolution of work is of emerging importance to advanced economies' growth. In this study, we develop a new semantic-distance-based algorithm to identify "new work," namely the new types of jobs introduced in the US. We characterize how "new work" relates to task content of jobs and skill...

Most of the existing research on overall retirement satisfaction of retirees uses single-year data and focuses on identifying and measuring the factors that may affect retirement satisfaction. However, the analysis presented in this paper uses data from the 1998-2012 rounds of the Health and...

Informal care is a primary source of support for older adults with cognitive impairment but is less available to those who live alone. We leverage the U.S. Health and Retirement Survey 2000-2018 to examine trends in the prevalence of physical disability and social support among older adults with...

Informal care is a primary source of support for older adults with cognitive impairment but is less available to those who live alone. We leverage the U.S. Health and Retirement Survey 2000-2018 to examine trends in the prevalence of physical disability and social support among older adults with...

Informal care is a primary source of support for older adults with cognitive impairment but is less available to those who live alone. We leverage the U.S. Health and Retirement Survey 2000-2018 to examine trends in the prevalence of physical disability and social support among older adults with...

Most private giving between living generations takes the form of tied transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the demonstration...

Most private giving between living generations takes the form of "tied" transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the "demonstration...

This paper estimates the extent to which childhood circumstances contribute to health inequality in old age and evaluates the importance of major domains of childhood circumstances to health inequalities in the USA and China. We link two waves of the China Health and Retirement Longitudinal...

This paper estimates the extent to which childhood circumstances contribute to health inequality in old age and evaluates the importance of major domains of childhood circumstances to health inequalities in the USA and China. We link two waves of the China Health and Retirement Longitudinal...