The overall goal of this program project is to furnish information that will help in improving the financial, emotional, and physical well-being of Americans in the years preceding and following retirement. It comprises four related research projects and an administrative core to support the conduct and dissemination of the research. Project 1 seeks to determine to what extent Americans adequately prepare themselves economically for retirement, that is, do households have the resources needed to finance a consumption plan from retirement through the end of life with high probability? The answer is based on estimated life-cycle trajectories of consumption and spending for single and married persons, compared with wealth and income data. Project 2 seeks to improve the comparability of subjective well-being measures across countries. It involves administering two types of well-being measures?global life satisfaction and day reconstruction methods intended to sum momentary affect?to each of two population-representative Internet panels, one in the United States and the other in the Netherlands. Common anchoring vignettes provide for comparability. Project 3 explores differences between the United States and England in health, socio-economic status, consumption, and cognition in older populations. Issues addressed include the ways in which health and SES are affected by each other as well as by additional factors, the implications of differences in housing and out-of-pocket medical costs for total household consumption, and the relationship between cognitive abilities in married couples and decisions related to health. Project 4 aims to establish the empirical foundations of how individuals form and establish expectations. The analysis recognizes that the expectation formation process is likely to vary by domain of outcome (e.g., stocks vs. survival), and by individual psychology (e.g., myopic vs. forward-looking, optimistic vs. pessimistic). Projects will benefit from cooperation?e.g.. Projects 1 and 4 on subjective survival probabilities. Projects 2 and 3 on vignettes?as well as from the environment supported by the administrative core.

Public Health Relevance

This integrated set of projects bears on issues related to the well-being of older Americans-whether they are financially secure enough after retirement to afford health care without giving up housing and other things they value, how their income and education influence their health (and vice-versa)l, how they form expectations about their future that can influence their financial security and health.

Agency
National Institute of Health (NIH)
Institute
National Institute on Aging (NIA)
Type
Research Program Projects (P01)
Project #
5P01AG008291-19
Application #
8735050
Study Section
Special Emphasis Panel (ZAG1-ZIJ-3 (01))
Program Officer
Phillips, John
Project Start
1997-09-30
Project End
2018-06-30
Budget Start
2014-07-01
Budget End
2015-06-30
Support Year
19
Fiscal Year
2014
Total Cost
$1,419,766
Indirect Cost
$544,549
Name
Rand Corporation
Department
Type
DUNS #
006914071
City
Santa Monica
State
CA
Country
United States
Zip Code
90401
Schwartz, Ella; Khalaila, Rabia; Litwin, Howard (2018) Contact frequency and cognitive health among older adults in Israel. Aging Ment Health :1-9
Sand, Gregor; Gruber, Stefan (2018) Differences in Subjective Well-being Between Older Migrants and Natives in Europe. J Immigr Minor Health 20:83-90
Reus-Pons, Matias; Mulder, Clara H; Kibele, Eva U B et al. (2018) Differences in the health transition patterns of migrants and non-migrants aged 50 and older in southern and western Europe (2004-2015). BMC Med 16:57
Henseke, Golo (2018) Good jobs, good pay, better health? The effects of job quality on health among older European workers. Eur J Health Econ 19:59-73
Foverskov, Else; Glymour, M Maria; Mortensen, Erik L et al. (2018) Education and Cognitive Aging: Accounting for Selection and Confounding in Linkage of Data From the Danish Registry and Survey of Health, Ageing and Retirement in Europe. Am J Epidemiol 187:2423-2430
Abeliansky, Ana Lucia; Strulik, Holger (2018) How We Fall Apart: Similarities of Human Aging in 10 European Countries. Demography 55:341-359
Heger, Dörte; Korfhage, Thorben (2018) Care choices in Europe: To Each According to His or Her Needs? Inquiry 55:46958018780848
Solé-Auró, Aïda; Jasilionis, Domantas; Li, Peng et al. (2018) Do women in Europe live longer and happier lives than men? Eur J Public Health 28:847-852
Lourenco, Joana; Serrano, Antonio; Santos-Silva, Alice et al. (2018) Cardiovascular Risk Factors Are Correlated with Low Cognitive Function among Older Adults Across Europe Based on The SHARE Database. Aging Dis 9:90-101
Cimas, M; Ayala, A; Sanz, B et al. (2018) Chronic musculoskeletal pain in European older adults: Cross-national and gender differences. Eur J Pain 22:333-345

Showing the most recent 10 out of 309 publications