Building on recent findings in psychology, we study the impact of subjective age identity (feeling younger or older than one's chronological age) on economic behaviors. Using data from the Health and Retirement Study we find: Individuals with a younger age identity have higher work engagement,...

Although it is often believed that online shopping is characteristic of younger consumers, actually in the US about 25% of online purchasing is by seniors, equal to their population share (Business Insider 2018). In Europe, 54% of retirees purchase online although Western Europeans are more...

Health-care slows the natural growth of mortality, indirectly increasing utility from consumption through longer lifetimes. This paper solves the problem of optimal dynamic consumption and healthcare spending with isoelastic utility, when natural mortality grows exponentially to reflect the...