This volume presents research on issues of importance to the well-being of older persons, including: labour market behaviour, health care, housing and living arrangements, and saving and wealth.

This volume presents research on issues of importance to the well-being of older persons, including: labour market behaviour, health care, housing and living arrangements, and saving and wealth. Specific topics include the effect of labour market rigidities on the employment of older workers; the effect on retirement of the availability of continuation coverage benefits; and the influence of the prospective payment system (PPS) on rising Medicare costs. Also considered are the effects of health and wealth on living arrangement decisions; the incentive effects of employer-provided pension plans; the degree of substitution between 401(k) plans and other employer-provided retirement saving arrangements; and the extent to which housing wealth determines how much the elderly save and consume.

Preface
Introduction by David A. Wise
1: The Effect of Labor Market Rigidities on the Labor Force Behavior of Older Workers
Michael D. Hurd
Comment: Angus S. Deaton
2: Why Are Retirement Rates So High at Age 65?
Robin L. Lumsdaine, James H. Stock, David A. Wise.
3: The Military Pension, Compensation, and Retirement of U.S. Air Force Pilots
John Ausink, David A. Wise.
Comment on Chapters 2 and 3: Robert J. Willis
4: Health Insurance and Early Retirement: Evidence from the Availability of Continuation Coverage
Jonathan Gruber, Brigitte C. Madrian.
Comment: Richard J. Zeckhauser
5: Medicare Reimbursement and Hospital Cost Growth
Mark B. McClellan
Comment: Thomas E. MaCurdy
6: Living Arrangements: Health and Wealth Effects
Axel Borsch-Supan, Daniel L. McFadden, Reinhold Schnabel.
Comment: Steven F. Venti
7: Do 401(k) Plans Replace Other Employer-Provided Pensions?
Leslie E. Papke, Mitchell Petersen, James M. Poterba.
Comment: Richard Thaler
8: Is Housing Wealth a Sideshow?
Jonathan S. Skinner
Comment: John B. Shoven 9: Elderly Health, Housing, and Mobility
Jonathan S. Feinstein
Comment: Daniel L. McFadden
10: Intergenerational Transfers, Aging, and Uncertainty
David N. Weil
Comment: James M. Poterba
Contributors
Author Index
Subject Index