Contemporary Economic Policy

Articles from Vol. 36, No. 3, July

An Examination of Veteran Health Access around the Medicare Eligibility Age
I. INTRODUCTION Veterans' health care access through the Veterans Health Administration (VHA or VA) often enters the policy dialogue and headlines the nightly news. Stories of long wait times, crumbling infrastructure, and poor care inundate the...
Examining the Timing of Women's Retirement in Urban China: A Discrete Time Hazard Rate Approach
I. INTRODUCTION One of the most striking recent labor market developments in urban China is a marked decrease in women's labor force participation. This is in the face of astonishingly high and persistent economic growth in the post reform era,...
Life Insurance Holdings and Well-Being of Surviving Spouses
I. INTRODUCTION Death of a breadwinner can have catastrophic financial consequences for surviving dependents. In the United States, there are high rates of widow poverty with one in five widows being below the federal poverty line (FPL) and evidence...
Lifetime Taxpayer Contributions and Benefits of Medicare and Social Security
I. INTRODUCTION Before 1966, the majority of older Americans who needed medical services had to spend their savings, rely on funding from their children, seek welfare or charity, or avoid care. Today, Medicare reduces the risk for large out-of-pocket...
Longevity, Working Lives, and Public Finances
I. INTRODUCTION AND MOTIVATION Longer lifetimes are indisputable indicators of positive societal development. Life expectancies throughout developed countries have grown for over a century, resulting in increases measurable in decades. It is not...
Some Notes on the Redistribution Inherent in the U.S. Public Pension System
I. INTRODUCTION It is generally taken for granted that the rules of the Old-Age and Survivors Insurance (OASI) offered by the U.S. social security system--unlike many defined-benefit (DB) schemes, especially those based on the last earnings rule--achieve...
Suicide and the Social Security Early Retirement Age
I. INTRODUCTION This paper is motivated by the observation that over the years 1990-2014, the age trend in U.S. suicide rates experienced a discontinuous drop at age 62. Figure 1 graphs the U.S. average suicide rate by year of age during this period...
Sweat the Small Stuff: Strategic Selection of Pension Policies Used to Defer Required Contributions
I. INTRODUCTION Across the United States, state-sponsored defined benefit pension plans lack sufficient assets to meet their future obligations to workers. Munnell, Aubry, and Cafarelli (2014) estimate that plans, on average, have assets equivalent...
The 80% Pension Funding Target, High Assumed Returns, and Generational Inequity
I. INTRODUCTION Employer costs for state and local pensions have doubled as a percent of payroll in the last decade, from 7.7% in 2004 to 15.4% in 2015.' The rise largely reflects payments on unfunded liabilities, as the aggregate funded ratio (assets/liabilities)...
The Economics and Policy Ramifications of an Aging Population
When I was approached about editing a special issue of Contemporary Economic Policy, I thought at some length about a topic that would fit both the journal and the membership of the Western Economics Association International which has a large international...
Using Engel Curves to Estimate Consumer Price Index Bias for the Elderly
I. INTRODUCTION We study the living standards of older Americans to determine how well consumer price index (CPI) changes reflect the cost of living. One claim about CPIs is that they understate the rate of increase of the cost of living for the...
Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.