Topics in the Economics of Aging; Contents; Acknowledgments; Introduction; 1. Three Models of Retirement: Computational Complexity versus Predictive Validity; 2. Stocks, Bonds, and Pension Wealth; 3. Health, Children, and Elderly Living Arrangements: A Multiperiod- Multinomial Probit Model with Unobserved Heterogeneity and Autocorrelated Errors; 4. The Provision of lime to the Elderly by Their Children; 5. Wealth Depletion and Life-Cycle Consumption by the Elderly; 6. Patterns of Aging in Thailand and CBte d'Ivoire 6
Summary
The original essays and commentary in this volumethe third in a series reporting the results of the NBER Economics of Aging Programaddress issues that are of particular importance to the well-being of individuals as they age and to a society at large that is composed increasingly of older persons. The contributors examine social security reform, including an analysis of the Japanese system; present the startling finding that the vast majority of people choose the wrong accumulation strategies for their pension plans; explore the continuing consequences of the decline in support of parents by
