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Essays In Health Labor Supply And Savings In Later Life
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Book Synopsis Essays in Health, Labor Supply, and Savings in Later Life by : Siha Lee
Download or read book Essays in Health, Labor Supply, and Savings in Later Life written by Siha Lee and published by . This book was released on 2019 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 examines married women's time allocation to market hours and spousal care in the event of their husbands' disability and its implications for evaluating the insurance value of the Social Security Disability Insurance (SSDI) program. Using an event study approach, I find that while spousal labor supply responses to husbands' disability are small, wives spend a sizable amount of time in spousal care after their husbands become disabled, and the magnitude of this response is comparable to the increase in wives' labor supply in the event of their husbands' layoff. Motivated by these facts, I develop a dynamic model of married households that incorporates husbands' disability status, wives' time allocation choices, health state dependent utility, and the institutional features of SSDI. Counterfactual experiments indicate that the insurance value of SSDI relative to its costs is considerably higher when I take into account that spousal care significantly reduces the insurance role of wives' labor supply in the event of their husbands' disability. Chapter 2 is joint with Kegon K. T. Tan. We exploit an unanticipated change in Social Security benefits, commonly called the Social Security Notch, to distinguish bequest motives from precautionary savings. Our instrumental variable estimates show that an increase in benefits leads to a sizable increase in bequest amounts. Combining these estimates with a model of late-life savings behavior, we find that roughly two-fifths of accumulated assets and bequests are attributable to bequest motives among retirees. A more progressive Social Security benefits schedule that reduces benefits for the richest retirees has a modest impact on consumption since wealth acts as a cushion against benefit reduction. Chapter 3 studies the reasons behind why self-employment rates increase with age. I compare among three mechanisms that make self-employment more attractive to older workers than younger workers: 1) accumulated work experience that can be tailored into a feasible business idea, 2) greater difficulty in finding a wage-and-salary job once laid off, and 3) flexibility in working hours. I find that flexible working hours is the most important element in understanding transitions to self-employment and longer labor force attachment of self-employed workers.
Book Synopsis Dynamic Models of Health and Labor Supply in Later Life by :
Download or read book Dynamic Models of Health and Labor Supply in Later Life written by and published by . This book was released on 2015 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these essays, I develop and estimate life-cycle models aimed at explaining various patterns in labor supply behavior at older ages. The first study measures the extent to which later-life differences in health and disability risks across occupations affect retirement behavior and how these risks influence initial career choice. In the second essay, I look at the degree to which the changing composition of occupations over time---from more to less physically demanding---has contributed to the increase in labor force participation at older ages. The final study examines the effects of wage and health transition processes as well as the role of accrued work-related strain on the labor force participation decisions of older males, aimed particularly at accounting for the high rates of "reverse retirement" seen in the data.
Book Synopsis An Economic Analysis of Health, Savings, and Labor in Relation to Gender by : Comfort Febisola Ricketts
Download or read book An Economic Analysis of Health, Savings, and Labor in Relation to Gender written by Comfort Febisola Ricketts and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is divided into five chapters consisting of three short essays that concentrate on economic analysis of health, savings and labor. The first essay is aimed at investigating the influence of increased work hours on individuals' health and how this may differ between males and females. It is expected that increased hours of work will have a negative impact on health but this impact may be stronger for females. In the second essay, the relationship between individuals' health and savings behavior is analyzed. Healthy individuals are expected to be more productive, earn higher incomes, and have lower medical expenditures compared to unhealthy individuals. It is therefore expected that individuals' health will have a positive influence on their saving behavior. The third paper analyzes the effect of increased work, as proxied by labor force participation, on health, as proxied by life expectancy, at the macro level. The main aim of the analysis in the third essay is to investigate whether or not increased female labor force participation is a contributing factor to the narrowing gap between the life expectancy of females and males. In the final chapter of this dissertation, I provide a summary of my findings on the relationships between work, health, and savings. I also provide directions for future research.
Book Synopsis Health and Labor Supply by : Tanguy Le Fur
Download or read book Health and Labor Supply written by Tanguy Le Fur and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis consists in a series of theoretical essays on the macroeconomics of health and offers a reflexion on the recent history of economic thought. Its main contribution is to show that population health is not a simple by-product of economic development. The first chapter investigates contemporary differences in mortality between the United States and European countries. It provides a rationale to the American Puzzle, the fact that life expectancy is lower in the United States despite a greater share of GDP devoted to health care. By considering the deleterious effect of long hours of work on health, it shows how differences in working time can account for both the poorer health of Americans and their higher health expenditure and emphasizes a trade-off between health status and consumption. The second chapter takes a more historical perspective and offers a theory for the episode of deskilling experienced during the British Industrial Revolution. In particular, it considers the political incentives of the capitalist class to undertake public health investments that improve workers' longevity and gives them incentives to acquire education. The direction of technological progress is crucial for such incentives, and its unskill-biased nature during the 19th century may explain why life expectancy did not take off earlier for the working class. The third chapter is a reflection on the history of modern macroeconomics. It documents more than thirty years of controversy around the value of the labor supply elasticity, the aggregation of individual behaviors and the use of a representative agent, and questions the standards narrative of the discipline.
Book Synopsis Three Essays on Labor and Health Economics by : Dajung Jun
Download or read book Three Essays on Labor and Health Economics written by Dajung Jun and published by . This book was released on 2019 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonportable fringe benefits, such as health insurance and retirement benefits, can influence an individual's career decisions and financial well-being. To protect employee's utility, state and federal governments enacted policies that regulated these benefits. The first two chapters of my dissertation study two such policies: tax credits for private health insurance coverage and dependent coverage mandates that allowed young adults to be covered through their parents' insurance. I examine the effects of these policies on several health and labor market outcomes. In the last chapter, my coauthor and I explore a slightly different perspective on fringe benefits. We examine to what extent lifetime earnings could explain the variation in wealth at retirement. By researching these topics, I contribute to the understanding of how fringe benefits and lifetime earnings affected outcomes of rational decision-making: health insurance take-up, job mobility and wealth accumulation.In chapter 1, I investigate the effectiveness of tax credits on health insurance premiums. There was a renewed interest in using tax credits to increase health insurance coverage after the push to repeal the Affordable Care Act (ACA). The Health Insurance Tax Credit (HITC) was implemented between 1991--1993 to reduce the burden of health insurance premiums primarily for low-income families. Although it was active for three years, this policy has been studied in only one previous study. In this chapter, I examine the effectiveness of the HITC by using the Survey of Income Program Participation (SIPP), and I provide the first estimates of its effects on healthcare utilization and self‐reported health status. My results align with previous studies and suggest the HITC increased the health insurance take-up by 5.8 percentage points. The implementation of the HITC also significantly improved the self-reported health status of respondents.In the second chapter, I analyze the effects of dependent coverage mandates on working fathers' job mobility and compensation. Due to the low rates of health insurance coverage among young adults, some state governments began mandating health insurance companies to allow adult children to stay on their parents' health insurance plans. First implemented in 1995, these mandates aimed to increase health coverage among young adults. In 2010, the federal government enacted a more comprehensive version of the dependent coverage mandate as part of the Affordable Care Act. These state- and federal-level efforts successfully increased insurance rates for young adults, but they might have also come with unintended consequences for parents. Parents who placed a high value on health insurance for their young adult children might be reluctant to leave jobs with employer-provided health insurance, and employers might offset the mandated-incurred health care costs by reducing other types of employee benefits or earnings. To assess the extent of such consequences, I study the effects of both the state and federal dependent health insurance mandates on fathers. By analyzing the 2004 and 2008 SIPP panels, which are linked with Detailed Earnings Records and Business Registrar data from the United States Census, I examine the mandates' effects on fathers' voluntary job separation rates (job-lock and job-push) and changes in their compensation. After the implementation of the mandates, I observe a significant decrease in the likelihood of voluntary job separation among eligible working fathers aged 45--64 with employer-provided health insurance. Additionally for these fathers, except for those who separated from these jobs within the current wave, my analysis slightly evidences that the mandates reduced the total monetary compensation. In the last chapter, we investigate the impact of lifetime earnings on retirement wealth. Historically, many households accumulated substantial wealth by retirement, while many other households accumulated very little. Venti and Wise (1999, 2001) directly examine this question by utilizing data that was superior to that available to previous researchers and conclude that ``the bulk of the dispersion must be attributed to differences in the amount that households choose to save.'' In this paper, we examine the extent that a remaining problem in their data affected their results: Their measure of lifetime earnings, despite being based on administrative data, was subject to topcoding in each year. Using the 2001 SIPP that was not subject to the same problem, we find that the effect of the topcoding was substantial. At least 35 percent of individuals were misclassified in each of the top four deciles. When replicating a key result of Venti and Wise (2001), our findings suggest that the correlation between lifetime earnings and savings was about 50\\% greater than what was found when using censored deciles. This increased explanatory power came largely at the expense of the other variables in the regression model.
Book Synopsis Essays in Health and Labor Economics by : Ana Ines Rocca
Download or read book Essays in Health and Labor Economics written by Ana Ines Rocca and published by . This book was released on 2015 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, health insurance is often necessary for access to regular, affordable health care. With only eight of every hundred Americans buying private insurance plans on the individual market, the main sources for health insurance traditionally have been employers and the government. As new laws are being debated and introduced to reform an expensive health care industry in which nearly one-sixth of the population is uninsured, research is needed in order to evaluate the costs and benefits of these policy changes and to predict their success. To this end, in addition to understanding how likely individuals are to adopt new health insurance policies, we also should be interested in knowing how the demand for health insurance and changes in its accessibility will affect non-medical decisions. Specifically, labor market choices have been theorized to be directly related to decisions involving insurance coverage. If the availability of health insurance distorts a workers' job-related decisions, then the changing the landscape for how to access insurance may reverberate in employment outcomes. My dissertation focuses on understanding the factors that influence the demand for health insurance and the role that health insurance plays in an individual's decision to work, where to work, and how much to work. Specifically, I focus on the following three related questions: how does the demand for insurance affect labor market decisions such as when to exit unemployment? what drives insurance demand, and in particular, what motivators work best to increase demand for health coverage among the uninsured? and lastly, what are the supply-side employment responses to the provision of free or reduced-cost public health insurance? My first chapter explores how the demand for health insurance can change re-employment decisions among the unemployed, as well as the speed at which individuals return to work. Past research on this issue focuses on job-to-job switches and "job lock" but has yet to focus on individuals looking for work. This chapter uses data on laid-off individuals from the Medical Expenditure Panel Survey to compare the job search behavior and outcomes of individuals who differ in their demand for health insurance. I use three proxies for demand, based on spousal health and past insurance offer take-up decisions. Although each is potentially confounded by unobserved determinants of job search, I use a difference-in-differences and propensity score designs to isolate plausibly causal effects. I find consistent patterns across all three proxies (despite different potential omitted variables biases). Overall unemployment durations do not vary with demand for insurance, but this masks variation in the types of jobs taken. Individuals with higher demand for insurance have higher hazards for exiting unemployment into a job with insurance, but lower hazards for exiting to a job without insurance. This points to effects of insurance demand on both search effort and reservation wages, and to potentially important distorting effects of employer-linked health insurance. Whereas the first chapter takes variation in demand for insurance as a given, my second chapter digs deeper into the basis for this variation and whether it can be affected. In this chapter, I investigate the reasons the uninsured choose to forego insurance coverage and the impact of different messages on their insurance demand. Working with Enroll America, a large non-profit dedicated to decreasing the number of uninsured Americans, I conducted a stratified experiment to determine the best communication strategies to encourage participation in the healthcare exchanges. We test a combination of the following behavioral and information treatments: a risk treatment that emphasizes the average financial risk for someone without health insurance; a norms treatment that alerts our participants that staying uninsured will be against the law; a savings treatment that highlights the average savings available at the exchanges; a wording treatment where we refer to the Affordable Care Act (ACA) as "Obamacare"; and lastly, a cost-calculator treatment that allows individuals to explore the likely cost of insurance based on their own characteristics. Among the uninsured, we find that the cost-calculator treatment, the risk treatment, and the mandate are most effective in increasing intention to purchase insurance. The cost-calculator and the risk treatment increase informedness among this population, but the cost-calculator (when paired with the savings treatment) is the only treatment that increases willingness to pay for insurance. We use the information on willingness to pay to construct sub-group price elasticities of demand to compare to previous work interested in the demand for health insurance. Overall, the results of this chapter highlight the importance of informational campaigns to increase awareness of the costs and benefits of health coverage, particularly after large changes such as those implemented by the ACA. My third chapter continues by looking at the changes that have been introduced as a result of the ACA. Specifically, it explores whether expanding access to government-provided insurance affects individuals' decisions regarding employment and overall hours of work. Recent findings have suggested that increasing access to health insurance outside of employment has a sizable, negative impact on labor force participation. Along these lines, the Congressional Budget Office predicted that the expansion of Medicaid and private health insurance will cause a 1.5 to 2% reduction in hours worked in the first ten years. Comparing states by whether they chose to expand Medicaid under reforms introduced by the ACA, I look at changes in the probability a childless adult receives Medicaid, as well as changes in this group's employment likelihood and hours of work. Using household survey data from the CPS monthly survey and ASEC Supplement, I confirm a marked increase in the percent of childless adults insured by Medicaid but find no statistically significant changes in employment outcomes. I compare these results to other estimates of "employment lock" in recent literature. These results, though imprecise, align with the findings in Chapter 1 which suggest that overall employment is not drastically affected by insurance demand.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309452961 Total Pages :583 pages Book Rating :4.3/5 (94 download)
Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Book Synopsis Racial and Ethnic Differences in the Health of Older Americans by : National Research Council
Download or read book Racial and Ethnic Differences in the Health of Older Americans written by National Research Council and published by National Academies Press. This book was released on 1997-09-23 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Older Americans, even the oldest, can now expect to live years longer than those who reached the same ages even a few decades ago. Although survival has improved for all racial and ethnic groups, strong differences persist, both in life expectancy and in the causes of disability and death at older ages. This book examines trends in mortality rates and selected causes of disability (cardiovascular disease, dementia) for older people of different racial and ethnic groups. The determinants of these trends and differences are also investigated, including differences in access to health care and experiences in early life, diet, health behaviors, genetic background, social class, wealth and income. Groups often neglected in analyses of national data, such as the elderly Hispanic and Asian Americans of different origin and immigrant generations, are compared. The volume provides understanding of research bearing on the health status and survival of the fastest-growing segment of the American population.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309474108 Total Pages :409 pages Book Rating :4.3/5 (94 download)
Book Synopsis Future Directions for the Demography of Aging by : National Academies of Sciences, Engineering, and Medicine
Download or read book Future Directions for the Demography of Aging written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-07-21 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost 25 years have passed since the Demography of Aging (1994) was published by the National Research Council. Future Directions for the Demography of Aging is, in many ways, the successor to that original volume. The Division of Behavioral and Social Research at the National Institute on Aging (NIA) asked the National Academies of Sciences, Engineering, and Medicine to produce an authoritative guide to new directions in demography of aging. The papers published in this report were originally presented and discussed at a public workshop held in Washington, D.C., August 17-18, 2017. The workshop discussion made evident that major new advances had been made in the last two decades, but also that new trends and research directions have emerged that call for innovative conceptual, design, and measurement approaches. The report reviews these recent trends and also discusses future directions for research on a range of topics that are central to current research in the demography of aging. Looking back over the past two decades of demography of aging research shows remarkable advances in our understanding of the health and well-being of the older population. Equally exciting is that this report sets the stage for the next two decades of innovative researchâ€"a period of rapid growth in the older American population.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309483980 Total Pages :619 pages Book Rating :4.3/5 (94 download)
Book Synopsis A Roadmap to Reducing Child Poverty by : National Academies of Sciences, Engineering, and Medicine
Download or read book A Roadmap to Reducing Child Poverty written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-09-16 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strengths and abilities children develop from infancy through adolescence are crucial for their physical, emotional, and cognitive growth, which in turn help them to achieve success in school and to become responsible, economically self-sufficient, and healthy adults. Capable, responsible, and healthy adults are clearly the foundation of a well-functioning and prosperous society, yet America's future is not as secure as it could be because millions of American children live in families with incomes below the poverty line. A wealth of evidence suggests that a lack of adequate economic resources for families with children compromises these children's ability to grow and achieve adult success, hurting them and the broader society. A Roadmap to Reducing Child Poverty reviews the research on linkages between child poverty and child well-being, and analyzes the poverty-reducing effects of major assistance programs directed at children and families. This report also provides policy and program recommendations for reducing the number of children living in poverty in the United States by half within 10 years.
Book Synopsis The Allocation of Time and Goods Over the Life Cycle by : Gilbert R. Ghez
Download or read book The Allocation of Time and Goods Over the Life Cycle written by Gilbert R. Ghez and published by Columbia University Press. This book was released on 1975 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a belief now that family behavior over the life cycle can be analyzed by economic methods. This study deals with allocation of resources by families over time.
Book Synopsis U.S. Health in International Perspective by : National Research Council
Download or read book U.S. Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.
Book Synopsis Three Essays in Labor and Family Economics by : HwaJung Choi
Download or read book Three Essays in Labor and Family Economics written by HwaJung Choi and published by . This book was released on 2008 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United Nations. Department of Economic and Social Affairs Publisher : ISBN 13 :9789211091540 Total Pages :216 pages Book Rating :4.0/5 (915 download)
Book Synopsis Development in an Ageing World by : United Nations. Department of Economic and Social Affairs
Download or read book Development in an Ageing World written by United Nations. Department of Economic and Social Affairs and published by . This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greater longevity is an indicator of human progress in general. Increased life expectancy and lower fertility rates are changing the population structure worldwide in a major way: the proportion of older persons is rapidly increasing, a process known as population ageing. The process is inevitable and is already advanced in developed countries and progressing quite rapidly in developing ones. The 2007 Survey analyses the implications of population ageing for social and economic development around the world, while recognising that it offers both challenges and opportunities. Among the most pressing issues is that arising from the prospect of a smaller labour force having to support an increasingly larger older population. Paralleling increased longevity are the changes in intergenerational relationships that may affect the provision of care and income security for older persons, particularly in developing countries where family transfers play a major role. At the same time, it is also necessary for societies to fully recognise and better harness the productive and social contributions that older persons can make but are in many instances prevented from making. The Survey argues that the challenges are not insurmountable, but that societies everywhere need to put in place the policies required to confront those challenges effectively and to ensure an adequate standard of living for each of their members, while respecting and promoting the contribution and participation of all.
Book Synopsis Don't Go Broke in Retirement by : Steve Vernon
Download or read book Don't Go Broke in Retirement written by Steve Vernon and published by Rest-Of-Life Communications. This book was released on 2020-08-18 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Make Smart Choices with Your Social Security and Savings! Are you thinking about retiring soon, or have you recently retired? Don't Go Broke in Retirement, the latest in a series of acclaimed books by trusted retirement expert Steve Vernon, gets right to the point and shares an easy-to-follow, three-step plan that helps you answer these critical questions: Have you saved enough money to retire? When should you start your Social Security benefits? What's the best way to build lifetime income that's protected from financial crises? What living expenses should you reduce to make retirement more affordable? Based on the "Spend Safely in Retirement Strategy," the plan was developed from new research by the Stanford Center on Longevity and the Society of Actuaries. Learn why this strategy has garnered national attention and discover how the recent financial turmoil successfully stress-tested this plan, proving its effectiveness for managing retirement funds. Don't Go Broke in Retirement provides the information and tools you need to generate the most retirement income from your Social Security benefits and retirement savings, including: A simple, step-by-step checklist to help you put your plans into action Modifications to personalize the strategy for your goals and circumstances Access to bonus chapters to help you apply the strategies outlined in the book, including investing in retirement, navigating tax rules, and finding professional help with retirement funding strategies A list of helpful resources and research to learn more Don't worry about your retirement! Instead, develop solid financial strategies so you can confidently enjoy your retirement years.
Book Synopsis Wealth, Work, and Health by : James P. Smith
Download or read book Wealth, Work, and Health written by James P. Smith and published by University of Michigan Press. This book was released on 1999 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores a multitude of perspectives, problems, and ways of measuring human behavior
Book Synopsis Three Essays on Labor Supply and Wage Dynamics by : Eric Baird French
Download or read book Three Essays on Labor Supply and Wage Dynamics written by Eric Baird French and published by . This book was released on 1999 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my third essay, I estimate a learning-by-doing model using PSID data. By working longer hours in the present, an individual receives higher wages in the future. Estimates reveal that by increasing hours worked in a given year by 10%, next year's wage should increase by 1%.
