People may have imperfect information about their health status and thus make suboptimal decisions in insurance participation. Using national representative samples of the elderly in US and China, we find that people with lower socio-economic status and poorer health are relatively less likely...

This paper estimates the causal effect of income on health outcomes of the elderly and investigates underlying mechanisms by exploiting an income change induced by the launch of China's New Rural Pension scheme (NRPS). Using this policy experiment, we address the endogeneity of pension income by...

I investigate the effect of income on mortality of the pensioners, com- paring three subsequent policy periods in Austria. The pensioners who retired in the second period received 25% lower pension than those in the first period. This reduction in income was removed in the third policy period....

The red herring hypothesis contends that the high health care expenditure in old age is caused by proximity to death rather than calendar age. Dissenters point to longitudinal data and claim that health care expenditure age profiles tend to steepen over time. The present paper tests the...

Die Zahl der professionell zu versorgenden Pflegefälle wird sich bis zum Jahr 2050 voraussichtlich um etwa 270 Prozent erhöhen. Diesem Anstieg der Pflegebedürftigen steht ein zu erwartender Rückgang der Erwerbspersonen um etwa 40 Prozent gegenüber. Unter Zugrundelegung eines...

Currently nearly half of people eligible for long-term care benefits in Germany are receiving informal care by family members. Accounting for the ongoing ageing process of society, an increasing labour participation rate of women and a rising part of old aged living alone, the question is if...

This article tests whether programs that provide housing assistance to homeless people can reduce chronic homelessness. I analyze data from the Department of Housing and Urban Development for 130 communities across the United States over the period 2005 to 2007. Because the amount of federal...

This paper proposes a new set of public health and long-term care expenditure projections till 2060, following up on the previous set of projections published in 2006. It disentangles health from longterm care expenditure as well as the demographic from the non-demographic drivers, and refines...