NBER Papers on Program on the Economics of Aging

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2021
w28784 Mika Akesaka
Peter Eibich
Chie Hanaoka
Hitoshi Shigeoka

Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles
w28750 Silvia H. Barcellos
Leandro Carvalho
Patrick Turley

The Effect of Education on the Relationship between Genetics, Early-Life Disadvantages, and Later-Life SES
w28723 Tabea Bucher-Koenen
Rob J. Alessie
Annamaria Lusardi
Maarten van Rooij

Fearless Woman: Financial Literacy and Stock Market Participation
w28721 Olivia S. Mitchell
Robert L. Clark
Annamaria Lusardi

What Explains Low Old-Age Income? Evidence from the Health and Retirement Study
w28701 Péter Hudomiet
Robert J. Willis

Computerization, Obsolescence, and the Length of Working Life
w28669 Kristy Fan
Tyler J. Fisher
Andrew A. Samwick

The Insurance Value of Financial Aid
w28628 Chi Heem Wong
Dexin Li
Nina Wang
Jonathan Gruber
Rena M. Conti
Andrew W. Lo

Estimating the Financial Impact of Gene Therapy in the U.S.
w28605 Nicola Bianchi
Giulia Bovini
Jin Li
Matteo Paradisi
Michael L. Powell

Career Spillovers in Internal Labor Markets
w28601 Maddalena Ferranna
JP Sevilla
David E. Bloom

Addressing the COVID-19 Pandemic: Comparing Alternative Value Frameworks
w28576 Michael Geruso
Michael R. Richards

Trading Spaces: Medicare's Regulatory Spillovers on Treatment Setting for Non-Medicare Patients
w28574 Asaf Bernstein
Peter Koudijs

The Mortgage Piggy Bank: Building Wealth through Amortization
w28566 Hanming Fang
Ziteng Lei
Liguo Lin
Peng Zhang

Family Companionship and Elderly Suicide: Evidence from the Chinese Lunar New Year
w28560 A. James O'Malley
Thomas A. Bubolz
Jonathan S. Skinner

The Diffusion of Health Care Fraud: A Network Analysis
w28557 James M. Poterba
Adam Solomon

Discount Rates, Mortality Projections, and Money's Worth Calculations for US Individual Annuities
w28546 Yonatan Berman
Salvatore Morelli

On the Distribution of Estates and the Distribution of Wealth: Evidence from the Dead
w28490 Vanya Horneff
Raimond Maurer
Olivia S. Mitchell

Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model
w28469 John Chalmers
Olivia S. Mitchell
Jonathan Reuter
Mingli Zhong

Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves
w28439 Amitabh Chandra
Evan Flack
Ziad Obermeyer

The Health Costs of Cost-Sharing
w28438 Daniel J. Benjamin
Jakina Debnam Guzman
Marc Fleurbaey
Ori Heffetz
Miles S. Kimball

What Do Happiness Data Mean? Theory and Survey Evidence
w28407 Francesca Carta
Francesco D'Amuri
Till M. von Wachter

Workforce Aging, Pension Reforms, and Firm Outcomes
w28396 Jason Scott
John B. Shoven
Sita Slavov
John G. Watson

Is Automatic Enrollment Consistent with a Life Cycle Model?
w28383 Edward N. Wolff
Household Wealth Trends in the United States, 1962 to 2019: Median Wealth Rebounds... But Not Enough
w28363 Ankit Kalda
Benjamin Loos
Alessandro Previtero
Andreas Hackethal

Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior.
w28361 Abigail Hurwitz
Olivia S. Mitchell
Orly Sade

Longevity Perceptions and Saving Decisions during the COVID-19 Outbreak: An Experimental Investigation
w28349 Maya M. Durvasula
Lisa Larrimore Ouellette
Heidi L. Williams

Private and Public Investments in Biomedical Research
w28331 Zarek C. Brot-Goldberg
Timothy Layton
Boris Vabson
Adelina Yanyue Wang

The Behavioral Foundations of Default Effects: Theory and Evidence from Medicare Part D
w28329 Gopi Shah Goda
Jialu Liu Streeter

Wealth Trajectories Across Key Milestones: Longitudinal Evidence from Life-Course Transitions
w28328 Ian Burn
Daniel Firoozi
Daniel Ladd
David Neumark

Machine Learning and Perceived Age Stereotypes in Job Ads: Evidence from an Experiment
w28322 Karen Eggleston ⓡ
Yong Suk Lee ⓡ
Toshiaki Iizuka

Robots and Labor in the Service Sector: Evidence from Nursing Homes
2020
w28310 Ori Heffetz
Daniel Reeves

Measuring Unemployment in Crisis: Effects of COVID-19 on Potential Biases in the CPS
w28305 David M. Cutler
Leemore Dafny
David C. Grabowski
Steven Lee
Christopher Ody

Vertical Integration of Healthcare Providers Increases Self-Referrals and Can Reduce Downstream Competition: The Case of Hospital-Owned Skilled Nursing Facilities
w28295 Jessamyn Schaller
Chase S. Eck

Family Support in Hard Times: Dynamics of Intergenerational Exchange after Adverse Events
w28266 Dan Zeltzer
Liran Einav
Avichai Chasid
Ran D. Balicer

Supply-Side Variation in the Use of Emergency Departments
w28256 Michael D. Frakes
Jonathan Gruber
Timothy Justicz

Public and Private Options in Practice: The Military Health System
w28236 Annamaria Lusardi
Olivia S. Mitchell
Noemi Oggero

Understanding Debt in the Older Population
w28234 Michael Bailey
Drew M. Johnston
Martin Koenen
Theresa Kuchler
Dominic Russel
Johannes Stroebel

Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing During the COVID-19 Pandemic
w28207 Robert L. Clark
Annamaria Lusardi
Olivia S. Mitchell

Financial Fragility during the COVID-19 Pandemic
w28193 Adriana Lleras-Muney
Flavien E. Moreau

A Unified Model of Cohort Mortality for Economic Analysis
w28179 Leila Agha
Keith Marzilli Ericson
Xiaoxi Zhao

The Impact of Organizational Boundaries on Healthcare Coordination and Utilization
w28162 Dan Zeltzer
Liran Einav
Amy Finkelstein
Tzvi Shir
Salomon M. Stemmer
Ran D. Balicer

Why is End-of-Life Spending So High? Evidence from Cancer Patients
w28144 David N.F. Bell
David G. Blanchflower

The U-shape of Happiness in Scotland
w28143 David G. Blanchflower
Carol Graham

Happiness and Aging in the United States
w28138 Victor Stango
Jonathan Zinman

We are all Behavioral, More or Less: A Taxonomy of Consumer Decision Making
w28125 Marco Angrisani
Jeremy Burke
Annamaria Lusardi
Gary Mottola

The Stability and Predictive Power of Financial Literacy: Evidence from Longitudinal Data
w28094 Erling Barth
James C. Davis
Richard B. Freeman
Kristina McElheran

Twisting the Demand Curve: Digitalization and the Older Workforce
w28065 Laura Bottazzi
Annamaria Lusardi

Stereotypes in Financial Literacy: Evidence from PISA
w28064 Nikhil Agarwal
Charles Hodgson
Paulo Somaini

Choices and Outcomes in Assignment Mechanisms: The Allocation of Deceased Donor Kidneys
w28057 Toshiaki Iizuka
Hitoshi Shigeoka

Asymmetric Demand Response when Prices Increase and Decrease: The Case of Child Healthcare
w28037 Péter Hudomiet
Michael D. Hurd
Susann Rohwedder

The Age Profile of Life-satisfaction After Age 65 in the U.S.
w28025 Elliott Ash
W. Bentley MacLeod

Mandatory Retirement for Judges Improved Performance on U.S. State Supreme Courts
w28018 Amitabh Chandra
Pragya Kakani
Adam Sacarny

Hospital Allocation and Racial Disparities in Health Care
w28012 Christopher J. Cronin
William N. Evans

Nursing Home Quality, COVID-19 Deaths, and Excess Mortality
w28007 Daniel J. Benjamin
Mark Alan Fontana
Miles S. Kimball

Reconsidering Risk Aversion
w27978 Rena M. Conti
Jonathan Gruber
Daniel A. Ollendorf
Peter J. Neumann

Valuing Rare Pediatric Drugs: An Economics Perspective
w27977 Tal Gross
Timothy Layton
Daniel Prinz

The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments
w27974 David M. Cutler
Ellen Meara
Susan Stewart

Socioeconomic Status and the Experience of Pain: An Example from Knees
w27936 Mark Duggan
Gopi Shah Goda
Gina Li

The Effects of the Affordable Care Act on the Near-Elderly: Evidence for Health Insurance Coverage and Labor Market Outcomes
w27891 Alexander Karaivanov
Shih En Lu
Hitoshi Shigeoka
Cong Chen
Stephanie Pamplona

Face Masks, Public Policies and Slowing the Spread of COVID-19: Evidence from Canada
w27869 Charles Yuji Horioka
Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey
w27860 Victor Stango
Jonathan Zinman

Behavioral Biases are Temporally Stable
w27848 David M. Cutler
Kaushik Ghosh
Kassandra Messer
Trivellore Raghunathan
Allison B. Rosen
Susan T. Stewart

A Satellite Account for Health in the United States
w27813 Dhaval M. Dave
Andrew I. Friedson
Drew McNichols
Joseph J. Sabia

The Contagion Externality of a Superspreading Event: The Sturgis Motorcycle Rally and COVID-19
w27760 Amitabh Chandra
Courtney Coile
Corina Mommaerts

What Can Economics Say About Alzheimer's Disease?
w27753 Isaac Swensen ⓡ
Jason M. Lindo ⓡ
Krishna Regmi

Stable Income, Stable Family
w27741 Marina Azzimonti
Alessandra Fogli
Fabrizio Perri
Mark Ponder

Pandemic Control in ECON-EPI Networks
w27711 Christopher J. Cronin
Matthew P. Forsstrom
Nicholas W. Papageorge

What Good Are Treatment Effects without Treatment? Mental Health and the Reluctance to Use Talk Therapy
w27677 Cormac O'Dea
David Sturrock

Survival Pessimism and the Demand for Annuities
w27616 Rafael Lalive
Arvind Magesan
Stefan Staubli

The Impact of Social Security on Pension Claiming and Retirement: Active vs. Passive Decisions
w27608 M. Keith Chen
Judith A. Chevalier
Elisa F. Long

Nursing Home Staff Networks and COVID-19
w27602 Andreas Haller
Stefan Staubli
Josef Zweimüller

Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits
w27600 Angus Deaton
Randomization in the Tropics Revisited: a Theme and Eleven Variations
w27581 Gordon B. Dahl
Matthew M. Knepper

Age Discrimination across the Business Cycle
w27578 Jason Abaluck
Mauricio M. Caceres Bravo
Peter Hull
Amanda Starc

Mortality Effects and Choice Across Private Health Insurance Plans
w27575 Jacob Goldin
Tatiana Homonoff
Richard W. Patterson
William L. Skimmyhorn

How Much to Save? Decision Costs and Retirement Plan Participation
w27573 Mathias Kronlund
Veronika K. Pool
Clemens Sialm
Irina Stefanescu

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations
w27563 Leila Agha
Soomi Kim
Danielle Li

Insurance Design and Pharmaceutical Innovation
w27534 Jonathan Gruber
Ohto Kanninen
Terhi Ravaska

Relabeling, Retirement and Regret
w27523 Anna Aizer
Shari Eli
Adriana Lleras-Muney

The Incentive Effects of Cash Transfers to the Poor
w27522 Dhaval M. Dave
Andrew I. Friedson
Kyutaro Matsuzawa
Drew McNichols
Connor Redpath
Joseph J. Sabia

Risk Aversion, Offsetting Community Effects, and COVID-19: Evidence from an Indoor Political Rally
w27518 Axel H. Börsch-Supan
Johannes Rausch
Nicolas Goll

Social Security Reforms and the Changing Retirement Behavior in Germany
w27514 Adriana Lleras-Muney
Joseph Price
Dahai Yue

The Association Between Educational Attainment and Longevity using Individual Level Data from the 1940 Census
w27509 Gordon Dahl
Claus Thustrup Kreiner
Torben Heien Nielsen
Benjamin Ly Serena

Linking Changes in Inequality in Life Expectancy and Mortality: Evidence from Denmark and the United States
w27508 Devon Gorry
Kyung Min Lee
Sita Slavov

Does the Actuarial Adjustment for Pension Delay Affect Retirement and Claiming Decisions?
w27505 Tatyana Deryugina
Jonathan Gruber
Adrienne Sabety

Natural Disasters and Elective Medical Services: How Big is the Bounce-Back?
w27490 Toren L. Fronsdal
Jay Bhattacharya
Suzanne Tamang

Variation in Health Care Prices Across Public and Private Payers
w27467 Jason Abaluck
Leila Agha
David C. Chan Jr
Daniel Singer
Diana Zhu

Fixing Misallocation with Guidelines: Awareness vs. Adherence
w27459 John Beshears
James J. Choi
Christopher Clayton
Christopher Harris
David Laibson
Brigitte C. Madrian

Optimal Illiquidity
w27458 Joseph J. Doyle Jr.
Physician Characteristics and Patient Survival: Evidence from Physician Availability
w27457 Ned Augenblick
Jonathan T. Kolstad
Ziad Obermeyer
Ao Wang

Group Testing in a Pandemic: The Role of Frequent Testing, Correlated Risk, and Machine Learning
w27450 Ian Burn
Patrick Button
Theodore F. Figinski
Joanne Song McLaughlin

Why Retirement, Social Security, and Age Discrimination Policies Need to Consider the Intersectional Experiences of Older Women
w27448 Truc Thi Mai Bui
Patrick Button
Elyce G. Picciotti

Early Evidence on the Impact of COVID-19 and the Recession on Older Workers
w27438 David Blanchett
Michael S. Finke
Jonathan Reuter

Portfolio Delegation and 401(k) Plan Participant Responses to COVID-19
w27378 Nicholas W. Papageorge
Matthew V. Zahn
Michèle Belot
Eline van den Broek-Altenburg
Syngjoo Choi
Julian C. Jamison
Egon Tripodi

Socio-Demographic Factors Associated with Self-Protecting Behavior during the Covid-19 Pandemic
w27357 Tatyana Deryugina
Nolan H. Miller
David Molitor
Julian Reif

Geographic and Socioeconomic Heterogeneity in the Benefits of Reducing Air Pollution in the United States
w27348 Richard Blundell
Margherita Borella
Jeanne Commault
Mariacristina De Nardi

Why Does Consumption Fluctuate in Old Age and How Should the Government Insure It?
w27329 Klaus Desmet
Romain Wacziarg

Understanding Spatial Variation in COVID-19 across the United States
w27328 Edward N. Wolff
Taxes and the Revaluation of Household Wealth
w27322 Dhaval M. Dave
Andrew I. Friedson
Kyutaro Matsuzawa
Drew McNichols
Joseph J. Sabia

Are the Effects of Adoption and Termination of Shelter-in-Place Orders Symmetric? Evidence from a Natural Experiment
w27289 Michael Barnett
Greg Buchak
Constantine Yannelis

Epidemic Responses Under Uncertainty
w27261 Olivia S. Mitchell
Building Better Retirement Systems in the Wake of the Global Pandemic
w27251 Joshua D. Rauh
Irina Stefanescu
Stephen P. Zeldes

Cost Saving and the Freezing of Corporate Pension Plans
w27229 Dhaval M. Dave
Andrew I. Friedson
Kyutaro Matsuzawa
Joseph J. Sabia
Samuel Safford

Were Urban Cowboys Enough to Control COVID-19? Local Shelter-in-Place Orders and Coronavirus Case Growth
w27225 Bruce I. Carlin
Tarik Umar
Hanyi Yi

Deputization
w27223 Liran Einav
Amy Finkelstein
Yunan Ji
Neale Mahoney

Voluntary Regulation: Evidence from Medicare Payment Reform
w27190 Manasi Deshpande
Itzik Fadlon
Colin Gray

How Sticky is Retirement Behavior in the U.S.? Responses to Changes in the Full Retirement Age
w27164 David Altig
Alan J. Auerbach
Laurence J. Kotlikoff
Elias Ilin
Victor Ye

Marginal Net Taxation of Americans' Labor Supply
w27141 Olivier Coibion
Yuriy Gorodnichenko
Michael Weber

The Cost of the Covid-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
w27138 Martin Andersen
Johanna Catherine Maclean
Michael F. Pesko
Kosali I. Simon

Paid sick-leave and physical mobility: Evidence from the United States during a pandemic
w27123 William G. Gale
Hilary Gelfond
Jason J. Fichtner
Benjamin H. Harris

The Wealth of Generations, With Special Attention to the Millennials
w27110 John Sabelhaus
Alice Henriques Volz

Social Security Wealth, Inequality, and Lifecycle Saving
w27091 Dhaval M. Dave
Andrew I. Friedson
Kyutaro Matsuzawa
Joseph J. Sabia

When Do Shelter-in-Place Orders Fight COVID-19 Best? Policy Heterogeneity Across States and Adoption Time
w27057 Tim Kaiser
Annamaria Lusardi
Lukas Menkhoff
Carly J. Urban

Financial Education Affects Financial Knowledge and Downstream Behaviors
w27047 Dirk Krueger
Harald Uhlig
Taojun Xie

Macroeconomic Dynamics and Reallocation in an Epidemic: Evaluating the "Swedish Solution"
w27046 Andrew Glover
Jonathan Heathcote
Dirk Krueger
José-Víctor Ríos-Rull

Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
w27043 Joshua R. Goldstein
Ronald D. Lee

Demographic Perspectives on Mortality of Covid-19 and Other Epidemics
w27038 Jonathan Gruber
Benjamin R. Handel
Samuel H. Kina
Jonathan T. Kolstad

Managing Intelligence: Skilled Experts and AI in Markets for Complex Products
w27017 Olivier Coibion
Yuriy Gorodnichenko
Michael Weber

Labor Markets During the COVID-19 Crisis: A Preliminary View
w26992 Andrew I. Friedson
Drew McNichols
Joseph J. Sabia
Dhaval Dave

Did California's Shelter-in-Place Order Work? Early Coronavirus-Related Public Health Effects
w26988 David Powell
Rosalie Liccardo Pacula

The Evolving Consequences of OxyContin Reformulation on Drug Overdoses
w26986 Luigi Ventura
Charles Yuji Horioka

The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving
w26973 Christopher Busch
Dirk Krueger
Alexander Ludwig
Irina Popova
Zainab Iftikhar

Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave
w26888 David G. Blanchflower
Carol L. Graham

The Mid-Life Dip in Well-Being: Economists (Who Find It) Versus Psychologists (Who Don't)!
w26876 Raquel Fonseca
François Langot
Pierre-Carl Michaud
Thepthida Sopraseuth

Understanding Cross-country Differences in Health Status and Expenditures
w26849 Jason Abaluck
Giovanni Compiani

A Method to Estimate Discrete Choice Models that is Robust to Consumer Search
w26836 Robert Kaestner
Cuiping Schiman
Jason M. Ward

Education and Health Over the Life Cycle
w26832 Johanna Catherine Maclean
Stefan Pichler
Nicolas R. Ziebarth

Mandated Sick Pay: Coverage, Utilization, and Welfare Effects
w26818 Christine Laudenbach
Ulrike Malmendier
Alexandra Niessen-Ruenzi

The Long-lasting Effects of Living under Communism on Attitudes towards Financial Markets
w26784 Jason S. Scott
John B. Shoven
Sita N. Slavov
John G. Watson

Can Low Retirement Savings Be Rationalized?
w26735 Emilia Simeonova
Niels Skipper
Peter R. Thingholm

Physician Health Management Skills and Patient Outcomes
w26715 Janet Currie
Henrik Kleven
Esmée Zwiers

Technology and Big Data Are Changing Economics: Mining Text to Track Methods
w26700 Mattia Landoni
Stephen P. Zeldes

Should the Government be Paying Investment Fees on $3 Trillion of Tax-Deferred Retirement Assets?
w26696 Alexander M. Gelber
Damon Jones
Daniel W. Sacks
Jae Song

The Employment Effects of the Social Security Earnings Test
w26694 Raven Molloy
Christopher Smith
Abigail K. Wozniak

Changing Stability in U.S. Employment Relationships: A Tale of Two Tails
w26684 Olivia S. Mitchell
Stephen Utkus

Target Date Funds and Portfolio Choice in 401(k) Plans
w26679 Jeffrey Clemens
Parker Rogers

Demand Shocks, Procurement Policies, and the Nature of Medical Innovation: Evidence from Wartime Prosthetic Device Patents
w26640 Youssef Benzarti
Jarkko Harju

Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production
w26638 Hannes Schwandt
Till M. von Wachter

Socioeconomic Decline and Death: Midlife Impacts of Graduating in a Recession
w26635 Corina Boar
Dynastic Precautionary Savings
w26633 Robert L. Clark
Beth M. Ritter

How Are Employers Responding to an Aging Workforce?
w26623 David Neumark
Age Discrimination in Hiring: Evidence from Age-Blind vs. Non-Age-Blind Hiring Procedures
w26621 Charles Yuji Horioka
Emin Gahramanov
Aziz Hayat
Xueli Tang

The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis
w26618 Janet Currie
David Slusky

Does the Marginal Hospitalization Save Lives? The Case of Respiratory Admissions for the Elderly
w26612 Katharine G. Abraham
Brad Hershbein
Susan Houseman

Contract Work at Older Ages

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