Married individuals may be better placed to mitigate various lifecycle shocks than singles. We find evidence of valuable insurance through a spouse by looking at parental long-term care provision at older ages. Utilizing longitudinal data from the Health and Retirement Study, we empirically show...

We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the one child policy, on demographic and macroeconomic outcomes in a dynamic general equilibrium framework. We use a rich model of human capital investment, public health insurance,...

We estimate the distribution of well-being among the older U.S. population using an expected utility framework that incorporates differences in consumption, leisure, health, and mortality. We find large disparities in welfare that have increased over time. Incorporating the cost of living with...