David A. Wise's Advances in the Economics of Aging (National Bureau of PDF

By David A. Wise

This quantity offers cutting edge learn on problems with significance to the health and wellbeing of older folks: exertions industry habit, health and wellbeing care, housing and dwelling preparations, and saving and wealth.Specific issues comprise the influence of work marketplace rigidities at the employment of older employees; the impact on retirement of the provision of continuation assurance advantages; and the impact of the possible money method (PPS) on emerging Medicare charges. additionally thought of are the results of future health and wealth on dwelling association judgements; the inducement results of employer-provided pension plans; the measure of substitution among 401(k) plans and different employer-provided retirement saving preparations; and the level to which housing wealth determines how a lot the aged shop and consume.Two ultimate experiences use simulations that describe the results of stylized monetary types of habit one of the aged. This well timed quantity might be of curiosity to somebody fascinated by the economics of getting older.

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5 Transitions from Career Jobs (%) Wage and Salary Workers Women All Part-time on career job Part-time on new job Full-time on new job Out of labor force Total Age 65 or over Part-time on career job Part-time on new job Full-time on new job Out of labor force Total 10 10 7 14 I00 1 19 0 74 100 Men 5 10 12 13 I00 8 12 5 14 100 Self-Employed Men 25 13 13 49 100 44 16 0 41 100 Source: Quinn, Burkhauser, and Myers (1990),based on Retirement History Survey. Nore; Distribution of self-employed women not reported.

The main option of the older worker is to retire. The firm can hire young workers who may not care about health insurance and who want to work less than one thousand hours. Then the firm can retain the health insurance benefit for its full-time workers while eliminating it for its part-time workers. 3 Impediments to a Job Change at Older Ages This section discusses the factors that may impede a job change to reduce hours. Special Job Skills Over time an employee acquires skills and knowledge about the firm that increase productivity at that firm.

This is not compatible with slowly changing tastes for work when hours can be freely chosen. 7. Career jobs are thirty-five hours or more per week on a job held for more than ten years. The sample is limited to those who could be followed for four or more years in the panel (Quinn, Burkhauser, and Myers 1990). 20 Michael D. 8Full-time work tends to be full-year work: in the 1969 RHS 36% of men said they worked two thousand hours, almost all the rest worked more than two thousand hours, except for 19% who did not work at all.

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