Topics in the economics of aging (University of Chicago Press, 1992)
Papers presented at a conference held in Carefree, Arizona, Apr. 5-7, 1990
Includes bibliographical references and indexes
Three models of retirement : computational complexity versus predictive validity / Robin L. Lumsdaine, James H. Stock, and David A. Wise. Comment / Sylvester J. Schieber -- Stocks, bonds, and pension wealth / Thomas E. MaCurdy and John B. Shoven. Comment / Jonathan S. Skinner -- Health, children, and elderly living arrangements : a multiperiod-multinomial probit model with unobserved heterogeneity and autocorrelated errors / Axel Börsch-Supan ... [et al.]. Comment / Steven F. Venti -- The provision of time to the elderly by their children / Axel Börsch-Supan ... [et al.]. Comment / Konrad Stahl -- Wealth depletion and life-cycle consumption by the elderly / Michael D. Hurd. Comment / Lee A. Lillard
Patterns of aging in Thailand and Côte d'Ivoire / Angus Deaton and Christina H. Paxson. Comment / Fumio Hayashi -- Changing the Japanese social security system from pay as you go to actuarially fair / Tatsuo Hatta and Noriyoshi Oguchi. Comment / Edward P. Lazear -- Payment source and episodes of institutionalization / Alan M. Garber and Thomas E. MaCurdy. Comment / Paul J. Gertler -- Incentive regulation of nursing homes : specification tests of the Markov model / Edward C. Norton. Comment / Sherwin Rosen
The original essays and commentary in this volume?the third in a series reporting the results of the NBER Economics of Aging Program?address issues that are of particular importance to the well-being of individuals as they age and to a society at large that is composed increasingly of older persons. The contributors examine social security reform, including an analysis of the Japanese system; present the startling finding that the vast majority of people choose the wrong accumulation strategies for their pension plans; explore the continuing consequences of the decline in support of parents by