Journal of the Economics of Ageing最新文献

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Instrumental variable estimates of the burden of parental caregiving 父母照料负担的工具变量估计
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100467
Peter Eibich
{"title":"Instrumental variable estimates of the burden of parental caregiving","authors":"Peter Eibich","doi":"10.1016/j.jeoa.2023.100467","DOIUrl":"10.1016/j.jeoa.2023.100467","url":null,"abstract":"<div><p>This study examines the impact of informal care provision for older parents on carer’s health and labour market outcomes in England. I evaluate the validity of previously used instrumental variables<span> for care provision. The results suggest that concerns about the validity of these instruments can be partly mitigated by considering variation in the timing rather than the incidence of informal care provision. Effects of informal care provision on health are positive for men and mostly insignificant for women. Informal care provision leads to a reduction in working hours for women, but does not affect labour force participation or labour income.</span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100467"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44355933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The displacement effect of compulsory pension savings on private savings. Evidence from the Netherlands, using pension funds supervisory data 强制性养老金储蓄对私人储蓄的替代效应。荷兰使用养老基金监管数据提供的证据
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100473
Mauro Mastrogiacomo , Rik Dillingh , Yue Li
{"title":"The displacement effect of compulsory pension savings on private savings. Evidence from the Netherlands, using pension funds supervisory data","authors":"Mauro Mastrogiacomo ,&nbsp;Rik Dillingh ,&nbsp;Yue Li","doi":"10.1016/j.jeoa.2023.100473","DOIUrl":"10.1016/j.jeoa.2023.100473","url":null,"abstract":"<div><p><span>We show heterogenous displacement effects of mandatory occupational pension savings on private household </span>wealth for different groups. Richer households in particular show larger displacements. This contributes to explaining why empirical studies often come with different estimates of this effect. We study the case of the Netherlands, where wage employed and self-employed workers are differently exposed to compulsory pension savings, and the institutional setting provides exogenous variation in pension wealth that can be used as instrument in the analysis. We use rich administrative data on (pension) wealth and income combined for the first time to supervisory data of pension funds. Our results show a displacement effect of −37% for wage employed and of −61% to −77% for self-employed people. The higher displacement effect we find for the self-employed might be explained by the fact that self-employed workers are arguably more aware of their pension accrual, or lack thereof, because there is no employer who organizes and (partly) pays this for them.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100473"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44382836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The replacement rate that maintains income satisfaction through retirement: The question of income-dependence 通过退休维持收入满意度的替代率:收入依赖性问题
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100471
Julian Schmied
{"title":"The replacement rate that maintains income satisfaction through retirement: The question of income-dependence","authors":"Julian Schmied","doi":"10.1016/j.jeoa.2023.100471","DOIUrl":"10.1016/j.jeoa.2023.100471","url":null,"abstract":"<div><p>Benchmark replacement rates are commonly used to set up saving plans or to assess retirement preparedness. An open question is whether high earners need the same replacement rate as low earners. In this paper, I apply the GAESE framework, an approach known from the equivalence scale literature, to assess how the replacement rate that maintains income satisfaction through retirement relates to income levels. Using longitudinal data from the German Socio-Economic Panel, and applying fixed-effects ordered logit models, I find that the benchmark replacement rate decreases with income. For singles, this finding is consistent across many modifications of the approach, whereas for couples the finding is sensitive to the composition of the retiree household, i.e. whether or not the retiree’s partner is still employed.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100471"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47528879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Healthy ageing trends in England between 2002 to 2018: Improving but slowing and unequal 2002年至2018年英格兰健康老龄化趋势:改善但放缓且不平等
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100470
Jonathan Old , Andrew Scott
{"title":"Healthy ageing trends in England between 2002 to 2018: Improving but slowing and unequal","authors":"Jonathan Old ,&nbsp;Andrew Scott","doi":"10.1016/j.jeoa.2023.100470","DOIUrl":"10.1016/j.jeoa.2023.100470","url":null,"abstract":"<div><p>Growing life expectancy and a rising proportion of older people make the issue of whether cohorts are ageing better a key individual, social and economic issue. Using data from the English Longitudinal Study of Ageing we characterise how frailty develops with age, how this differs across demographic groups, whether more recent cohorts are ageing better and what the key areas of focus for health policy should be. We find cohort effects such that frailty at each age has been decreasing over time but that this trend shows modest signs of slowing and is less pronounced for those with lower wealth. Improvements across cohorts reflect improvements in ADLs, cognitive function, and mobility but limited progress in reducing the incidence of diseases such as cancer, cardiovascular disease, etc. We find mobility and ADLs the main driver of average differences across regions but cross-regional differences are driven more by within than between group inequality.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100470"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45733120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Assistance benefits and unemployment outflows of the elderly unemployed: The impact of a law change 老年失业人员的援助福利与失业外流:法律变更的影响
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100466
José M. Arranz, Carlos García-Serrano
{"title":"Assistance benefits and unemployment outflows of the elderly unemployed: The impact of a law change","authors":"José M. Arranz,&nbsp;Carlos García-Serrano","doi":"10.1016/j.jeoa.2023.100466","DOIUrl":"10.1016/j.jeoa.2023.100466","url":null,"abstract":"<div><p>This article examines the impact of a law change in benefit rules on the exit of older workers out of the unemployment benefits system. This change occurred in Spain in July 2012, when the age to become eligible for an unlimited unemployment assistance benefit was raised from 52 to 55, reducing the entitlement period to three years for the group of individuals aged 52–54 years who exhausted their unemployment insurance benefits, providing an ideal setting for a quasi-experimental evaluation. Using data from the Spanish Public Employment Service and the recipients aged 55–57 as a control group, we find that the probability of exiting from unemployment to a job for treated individuals who stopped having access to those benefits after the policy change took place increased substantially, thus reducing the expected duration of benefits recipiency. The estimated fiscal impact of this law change was a saving of around €600 million on the benefits budget.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100466"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48418411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Automation and aging: The impact on older workers in the workforce 自动化和老龄化:对劳动力中老年工人的影响
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100476
Rosa Aisa , Josefina Cabeza , Jorge Martin
{"title":"Automation and aging: The impact on older workers in the workforce","authors":"Rosa Aisa ,&nbsp;Josefina Cabeza ,&nbsp;Jorge Martin","doi":"10.1016/j.jeoa.2023.100476","DOIUrl":"https://doi.org/10.1016/j.jeoa.2023.100476","url":null,"abstract":"<div><p>Developed countries are seeing advances in automation and, at the same time, their populations are aging. In this paper we examine both phenomena using the delay in retirement age as a nexus. Although automation is freeing workers from repetitive, hard work, older workers feel threatened by new automation advances which generate skill mismatches. Two links are highlighted: First, since skill mismatches affect low-skilled older workers more than those who are highly skilled, the latter will remain active for a longer period of time while the former will be pushed to retire. Second, the highly skilled workers who decide to prolong their working lives are a valuable resource for further automation advances because this technology continues to need human-assisted solutions. Our analysis establishes an important role for adult training to fill the gap between initial education and the demands of a rapidly changing labor market in order to encourage individuals to postpone their retirement and, hence, to ensure the sustainability of the social insurance system.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100476"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50192297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Age-dependent risk aversion: Re-evaluating fiscal policy impacts of population aging 年龄相关风险规避:重新评估人口老龄化对财政政策的影响
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100474
Phitawat Poonpolkul
{"title":"Age-dependent risk aversion: Re-evaluating fiscal policy impacts of population aging","authors":"Phitawat Poonpolkul","doi":"10.1016/j.jeoa.2023.100474","DOIUrl":"https://doi.org/10.1016/j.jeoa.2023.100474","url":null,"abstract":"<div><p>The existing literature on fiscal unsustainability in the United States often evaluates three alternative policies: increasing the payroll tax<span> rate, reducing pension benefits, and extending the retirement age. Studies suggest that reducing the replacement rate and increasing the retirement age provide higher welfare for future generations. However, these studies often assume constant risk aversion (CRA), which contradicts the empirical evidence that suggests risk aversion tends to increase with age. To provide a more comprehensive understanding of risk aversion, life-cycle behavior, and welfare under uncertainties, this study integrates age-dependent increasing risk aversion (IRA) into an overlapping generations model with risk-sensitive preferences. The quantitative analysis shows that individuals who exhibit IRA tend to adjust hours worked to reduce income risk and accumulate more precautionary savings to ensure future consumption. However, reducing uncertainty consumes resources that could otherwise have been used to increase overall consumption and leisure. Individuals who expect to become more risk averse in old age may prefer an increase in the payroll tax rate over the other two options, as the latter would result in relatively higher uncertainty.</span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100474"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50192310","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Optimal policies in an ageing society 老龄化社会的最优政策
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-10-01 DOI: 10.1016/j.jeoa.2023.100475
Richard Jaimes , Ed Westerhout
{"title":"Optimal policies in an ageing society","authors":"Richard Jaimes ,&nbsp;Ed Westerhout","doi":"10.1016/j.jeoa.2023.100475","DOIUrl":"10.1016/j.jeoa.2023.100475","url":null,"abstract":"<div><p>We analyze optimal social security in an overlapping generations model with demographic change and endogenous retirement. Households choose to spend the second period of their lives in full retirement if the tax rate on labor income exceeds a threshold. This threshold is increasing in life expectancy and decreasing in the fertility rate, which implies that both types of demographic change increase the relevance of the partial retirement case: both an increase in life expectancy and a drop in fertility imply that retirement is delayed. We also show that when the government decides about retirement, the command optimum can be replicated through social security policies if the <em>laissez-faire</em> equilibrium features capital overaccumulation. When households decide about their retirement themselves, however, replication of the command optimum is not possible. In both cases, it is optimal to expand social security when longevity increases and to reduce it when fertility drops.</p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"26 ","pages":"Article 100475"},"PeriodicalIF":2.2,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42044136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of famine experience on middle-aged and elderly individuals’ food consumption: Evidence from China 饥荒经历对中老年个体食物消费的影响:来自中国的证据
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-08-01 DOI: 10.1016/j.jeoa.2023.100472
Feifan Fang, Yinyu Zhao, Zemiao Xi, Xinru Han, Yuchun Zhu
{"title":"The impact of famine experience on middle-aged and elderly individuals’ food consumption: Evidence from China","authors":"Feifan Fang, Yinyu Zhao, Zemiao Xi, Xinru Han, Yuchun Zhu","doi":"10.1016/j.jeoa.2023.100472","DOIUrl":"https://doi.org/10.1016/j.jeoa.2023.100472","url":null,"abstract":"","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"1 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54858352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Frailty and socioeconomic stratification in Brazil, India, and China 巴西、印度和中国的脆弱性和社会经济分层
IF 2.2 3区 经济学
Journal of the Economics of Ageing Pub Date : 2023-06-01 DOI: 10.1016/j.jeoa.2023.100457
Benjamin Seligman , Arunika Agarwal , David E. Bloom
{"title":"Frailty and socioeconomic stratification in Brazil, India, and China","authors":"Benjamin Seligman ,&nbsp;Arunika Agarwal ,&nbsp;David E. Bloom","doi":"10.1016/j.jeoa.2023.100457","DOIUrl":"https://doi.org/10.1016/j.jeoa.2023.100457","url":null,"abstract":"<div><p>We examine the association between social determinants of health (SDoH) and the health of older adults in three countries experiencing rapid economic growth: Brazil, India, and China. We assessed health using frailty, the vulnerability to poor recovery after a physiologic stressor. We created a frailty index with data from three health and retirement surveys: the Brazilian Longitudinal Study<span> of Aging wave 1 (2015–2016), the China Health and Retirement Longitudinal Survey wave 3 (2015–2016), and the Longitudinal Aging Study in India wave 1 (2017–2019). SDoH measures included within-country income and wealth<span> deciles, education level, and rural residence. We analyzed data using beta regression, first within country, then with merged data with interactions between country and each SDoH, and finally with the merged analysis stratified by age. Both within country and with merged data, education was consistently the SDoH most strongly and significantly associated with frailty, with higher education tied to lower frailty. These associations attenuated with greater age. We show first that education has associations with health into older age and second the value of cross-national comparisons for understanding drivers of the health of older adults.</span></span></p></div>","PeriodicalId":45848,"journal":{"name":"Journal of the Economics of Ageing","volume":"25 ","pages":"Article 100457"},"PeriodicalIF":2.2,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50171033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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