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Issues and Results from Research on the Elderly I: Economic Status (Part I of III Parts)

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Michael D. Hurd

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Abstract

This is the first part of a three-part paper on research on the elderly. The objective of the paper is to present issues and research results in three areas: economic status, retirement, and consumption and saving. This part covers background material on demographic change, living arrangements, income growth and labor force participation, and research on economic Status. The major areas of research on economic status are: adjustments to observed income to bring it closer to a welfare measure with the objective of understanding whether the elderly are better off than the nonelderly; the distribution of income among the elderly and in particular the extent and causes of the high poverty level of elderly widows; wealth holdings, especially sources of wealth and the importance of public programs.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3018.

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Date of creation: Aug 1990
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Handle: RePEc:nbr:nberwo:3018

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  1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-87, December. [Downloadable!] (restricted)
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  5. Daniel Radner, 1989. "The Wealth of the Aged and Nonaged, 1984," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 645-688 National Bureau of Economic Research, Inc. [Downloadable!]
  6. Michael J. Boskin & Laurence J. Kotlikoff & Douglas J. Puffert & John B. Shoven, 1987. "Social Security: A Financial Appraisal Across and Within Generations," NBER Working Papers 1891, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Steven F. Venti & David A. Wise, 1989. "Aging, Moving, and Housing Wealth," NBER Working Papers 2324, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  8. Jonathan Feinstein & Daniel McFadden, 1989. "The Dynamics of Housing Demand by the Elderly: Wealth, Cash Flow, and Demographic Effects," NBER Chapters, in: The Economics of Aging, pages 55-92 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:
  9. Burtless, Gary & Moffitt, Robert A, 1985. "The Joint Choice of Retirement Age and Postretirement Hours of Work," Journal of Labor Economics, University of Chicago Press, vol. 3(2), pages 209-36, April. [Downloadable!] (restricted)
  10. Hamermesh, Daniel S, 1984. "Consumption during Retirement: The Missing Link in the Life Cycle," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 1-7, February. [Downloadable!] (restricted)
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  11. Stock, J.H. & Wise, D.A., 1988. "The Pension Inducement To Retire: An Option Value Analysis," Papers e-88-29, Stanford - Hoover Institution.
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  12. Radner, Daniel B, 1983. "Adjusted Estimates of the Size Distribution of Family Money Income," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(2), pages 136-46, April.
  13. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October. [Downloadable!] (restricted)
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  15. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1985. "The Strategic Bequest Motive," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1045-76, December. [Downloadable!] (restricted)
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  16. Davies, James B, 1981. "Uncertain Lifetime, Consumption, and Dissaving in Retirement," Journal of Political Economy, University of Chicago Press, vol. 89(3), pages 561-77, June. [Downloadable!] (restricted)
  17. Menchik, Paul L & David, Martin, 1983. "Income Distribution, Lifetime Savings, and Bequests," American Economic Review, American Economic Association, vol. 73(4), pages 672-90, September. [Downloadable!] (restricted)
  18. Victor R. Fuchs, 1982. "Time Preference and Health: An Exploratory Study," NBER Working Papers 0539, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  19. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial Retirement and the Analysis of Retirement Behavior," NBER Working Papers 0763, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  20. Michael D. Hurd & B. Gabriela Mundaca, 1989. "The Importance of Gifts and Inheritances Among the Affluent," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 737-764 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:
  21. Kotlikoff, Laurence J & Spivak, Avia & Summers, Lawrence H, 1982. "The Adequacy of Savings," American Economic Review, American Economic Association, vol. 72(5), pages 1056-69, December. [Downloadable!] (restricted)
    Other versions:
  22. Michael D. Hurd & David A. Wise, 1989. "The Wealth and Poverty of Widows: Assets Before and After the Husband's Death," NBER Working Papers 2325, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  23. Modigliani, Franco, 1986. "Life Cycle, Individual Thrift, and the Wealth of Nations," American Economic Review, American Economic Association, vol. 76(3), pages 297-313, June. [Downloadable!] (restricted)
  24. Hanoch, Giora & Honig, Marjorie, 1983. "Retirement, Wages, and Labor Supply of the Elderly," Journal of Labor Economics, University of Chicago Press, vol. 1(2), pages 131-51, April. [Downloadable!] (restricted)
  25. Hayashi, Fumio, 1982. "The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 895-916, October. [Downloadable!] (restricted)
  26. Alan L. Gustman & Thomas L. Steinmeier, 1984. "Partial retirement and the analysis of retirement behavior," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 37(3), pages 403-415, April.
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  28. Victor R. Fuchs, 1982. "Time Preference and Health: An Exploratory Study," NBER Chapters, in: Economic Aspects of Health, pages 93-120 National Bureau of Economic Research, Inc. [Downloadable!]
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