Widowhood, Divorce, and Loss of Health Insurance Among Near Elderly Women: Evidence from the Health and Retirement Study

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Personality, Lifetime Earnings, and Retirement Wealth

Studies of adolescents and young adults have shown that schooling impacts economic outcomes beyond its impact on cognitive ability. Research has also shown that the personality trait of conscientiousness predicts health outcomes, academic outcomes, and divorce. Using the Big Five taxonomy of personality traits, this study examines whether non-cognitive traits are related to economic success over the life course. Examining Health and Retirement Study survey data linked to Social Security records on over 10,000 adults age 50 and over, we investigate the relationship of personality traits to economic outcomes. Controlling for cognitive ability and background variables, do more conscientious and emotionally stable adults have higher lifetime earnings, and is this due to higher annual earnings, longer work lives, or both? Do more conscientious adults save a higher proportion of their earnings for retirement, and does conscientiousness of each partner in a married couple matter? Do conscientiousness and emotional stability interact such that the effects of conscientiousness are greater among less emotionally stable adults?

Are Baby Boomers Living Well Longer?

This chapter uses the Health and Retirement Study to describe the relationship between work and health for older persons by age. We examine not only the patterns within a given cross-section, but also we study trends in health at ages 51-56 between 1992 and 2004. Most retirement occurs well before the onset of work-limiting disability, leaving a large reserve of potential for longer worklives. Baby Boomers will likely have to draw on this reserve, yet its health is not demonstrably better than that of persons born a dozen years earlier. Nevertheless, advances in medical care for health conditions that most 51-56 year olds have not yet encountered may still yield better health at older ages for the Boomer cohort

Collective Action in Wine-Growing Regions: A Comparison of Burgundy and the Midi

http://deepblue.lib.umich.edu/bitstream/2027.42/50912/1/137.pd

Studying a relativistic field theory at finite chemical potential with the density matrix renormalization group

The density matrix renormalization group is applied to a relativistic complex scalar field at finite chemical potential. The two-point function and various bulk quantities are studied. It is seen that bulk quantities do not change with the chemical potential until it is larger than the minimum excitation energy. The technical limitations of the density matrix renormalization group for treating bosons in relativistic field theories are discussed. Applications to other relativistic models and to nontopological solitons are also suggested.Comment: 9 pages, 5 figures; v2: title changed; references added, conclusions expanded, to be published in PR

The Economic Consequences of Widowhood

We analyzed the economic consequences of a husband’s death using events that occurred between the first two waves of the HRS and AHEAD studies. We compared poverty transitions against published results from Social Security’s Retirement History Survey of the 1970s. Widowhood remains an important risk factor for transition into poverty, although somewhat less so than twenty years ago. Women over age 65 (AHEAD) are less likely to experience severe economic changes than women under age 61 (HRS). Several factors account for the age differences: the declining importance of husband’s earnings with age, the rising importance of Social Security benefits, and the occasionally large out-of-pocket medical expenses associated with husband’s death before Medicare eligibility. The greater economic impact of widowhood at younger ages is consistent with our cross-section evidence that poverty rates rise with duration of widowhood but are only weakly associated with age.

Personality and Response to the Financial Crisis

Social Security Administrationhttp://deepblue.lib.umich.edu/bitstream/2027.42/89939/1/wp260.pd