By Stephen Crystal PhD, Dennis Shea PhD
Top students specialise in the economics of getting older, with a specific emphasis at the financial way forward for the newborn growth iteration. Key topics contain the effect of early merits on later-life monetary results (the cumulative advantage/cumulative drawback hypothesis); the connection among inequalities in fiscal prestige and inequalities in overall healthiness prestige and entry to healthiness care; and the results of societal offerings bearing on retirement source of revenue platforms and guidelines for financing acute and long term healthiness care. members comprise Angela O'Rand, Edward Wolf, Edward Whitehouse, and James Smith.
Read or Download Annual Review of Gerontology and Geriatrics, Volume 22, 2002: Economic Outcomes in Later Life: Public Policy, Health and Cumulative Advantage PDF
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Extra info for Annual Review of Gerontology and Geriatrics, Volume 22, 2002: Economic Outcomes in Later Life: Public Policy, Health and Cumulative Advantage
Information is provided not only for the current job (or jobs) of each spouse but for up to five past jobs as well. On the basis of the information provided in the SCF and on projected future earnings (see below for details), future expected pension benefits (EPBW) are then projected to the year of retirement or the first year of eligibility for the pension. Then the present value of pension wealth for current workers (w) is given by: where RA is the expected age of retirement and LR = A- RA is the number of years to retirement.
Economic change and health benefits: Structural trends in employer-based health insurance. Journal of Health and Social Behavior, 42, 45-63. Dannefer, D. (1987). Aging as inrracohort differentiation: Accentuation, the matthew effect and the life course. Sociological Forum, 2, 211-236. Deaton, A. , & Paxson, C. H. (1998). Aging and inequality in income and health. American Economic Review, 88, 248-253. Easterlin, R. , Mucunovich, D. , & Crimmins, E. M. (1993). Economic status of the young and the old in the working-age population, 1964 and 1987.
Lynch, Kaplan, & Shema, 1997). These patterns have been observed in studies of race/ethnic differences in health, where early inequalities among children based on correlated SES origins and other social factors are linked to persistent poverty or lower social mobility, higher levels of disability, and higher rates of mortality across the lifespan among African-Americans (Williams, Mourney, & War ren, 1994; Smith & Kington, 1997). 22 O'RAND The studies of racial inequality in health raise the issue of institutional effects on economic and health trajectories in the life course, since race is an institutional construct highly correlated with social class, residential and geographical location, and social integration.