Annual Review of Gerontology and Geriatrics, Volume 22, 2002: Economic Outcomes in Later Life: Public Policy, Health and Cumulative Advantage

304 Pages·2003·17.04 MB·English

by  Stephen Crystal PhD

ANNUAL REVIEW OF
GERONTOLOGY AND GERIATRICS
Volume 22, 2002
Editor-in-Chief
K. Warner Schaie, PhD
The Pennsylvania State University
University Park, Pennsylvania
Associate Editors
Vincent Cristofalo, PhD Toni Miles, MD
President, Lankenau Institute Department of Family and
for Medical Research Community Medicine
Wynnewood, Pennsylvania University of Texas-San Antonio
George L. Maddox, PhD Richard Schulz, PhD
Duke University University of Pittsburgh
Durham, North Carolina Pittsburgh, Pennsylvania
Jerome A. Yesavage, MD
Stanford University
Stanford California
Managing Editor
Bernard D. Starr, PhD
Marymount Manhattan College
New York, New York
Founding Editor
Carl Eisdorfer, PhD, MD
University of Miami
School of Medicine
Miami, Florida
ANNUAL REVIEW of
Gerontology and Geriatrics
Volume 22, 2002
Focus On
Economic Outcomes
in Later Life:
Public Policy, Health,
and Cumulative Advantage
Stephen Crystal, PhD
Dennis Shea, PhD
Volume Editors
K. Warner Schaie, PhD
Series Editor
SPRINGER PUBLISHINGC OMPANY
Copyright © 2003 by Springer Publishing Company, Inc.
All rights reserved.
No part of this publication may be reproduced, stored in a retrieval
system, or transmitted in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the
prior permission of Springer Publishing Company, Inc.
Springer Publishing Company, Inc.
536 Broadway
New York, NY 10012-3955
Acquisition Editor: Helvi Gold
Production Editor: Matt S. Fenton
Cover design by Joanne Honigman
0304050607/54321
ISBN 0-8261-1449-0
ISSN 0-198-8794
Printed in the United States by Maple Vail.
Contents
1. Introduction: Cumulative Advantage, Public Policy, 1
and Inequality in Later Life
Stephen Crystal and Dennis G. Shea
2. Cumulative Advantage and Gerontological Theory 14
Angela O'Rand
3. Income, Wealth, and Late-Life Inequality in the 31
United States
Edward Wolff
4. Cross-National Comparisons of Retirement Income 60
Edward Whiteliouse and Richard Disney
5. Measurement of Late-Life Income and Wealth 95
James Smith
6. Gender Differences in Pension Wealth and 116
Their Impact on Late-Life Inequality
Richard Johnson, Usha Sambamoorthi, and
Stephen Crystal
7. Human Capital and the Long-Term Effects of 138
Education on Late-Life Inequality
George Farkas
8. Socioeconomic Background and Midlife Health in 155
the United States
Deborah Carr
9. Late-Life Morbidity Trajectories and SES 177
Robert Schoeni and Vicki Freedrnan, and Robert Wallace
10. Saving, Public Policy, and Late-Life Inequality 200
Annaniaria Litsardi, Jonathan Skinner, and Steven Venti
1.1. The Economic Future of the Baby Boom Generation 229
Richard Johnson and Stephen Crystal
12. Conclusion: Prospects for Retirement Resources in 256
an Aging Society
Stephen Crystal and Dennis G. Shea
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Contributors
Deborah Carr, PhD Annamaria Lusardi, PhD
Department of Sociology Department of Economics
and Institute for Health Dartmouth College
Health Care Policy, and Hanover, NH
Aging Research
Rutgers University Angela M. CTRand, PhD
New Brunswick, NJ Department of Sociology
Center for the Study of Aging and
Stephen Crystal, PhD Human Development
Division on Aging Duke University
Institute for Health Durham, NC
Health Care Policy, and Aging
Research Usha Sambamoorthi, PhD
Rutgers University Division on Aging
New Brunswick, NJ Institute for Health, Health Care
Policy and Aging Research
Richard Disney, MA Rutgers University
Professor of Economics New Brunswick, NJ
University of Nottingham
Research Fellow of the Robert F. Schoeni
Institute for Fiscal Studies, Senior Associate Research Scientist
London and Survey Research Center
Axia Economics Ford School of Public Policy
University of Michigan
George Farkas, PhD Ann Arbor, MI
Department of Sociology
Population Research Institute Dennis G. Shea, PhD
The Pennsylvania State University Pennsylvania State University
University Park, PA University Park, PA
Vicki A. Freedman, Ph.D. Jonathan Skinner, PhD
Director Joint French Professor of
Polisher Research Institute Economics
Madlyn and Leonard Abramson Dartmouth College
Center for Jewish Life Community and Family Medicine
North Wales, PA Dartmouth Medical School
Hanover, NH
Richard W. Johnson, PhD National Bureau of Economic
Senior Research Associate Research
The Urban Institute
Washington, D.C.
vn
Vlll CONTRIBUTORS
James P. Smith, PhD Robert Wallace, MD
RAND Corporation Department of Epidemiology
Santa Monica, CA College of Public Health
University of Iowa
Steven Venti, PhD Iowa City, IA
Professor of Economics
and Edward N. Wolff, PhD
National Bureau of Economic Department of Economics
Research Associate New York University and
Dartmouth College Levy Economics Institute
Hanover, NH of Bard College
New York
Edward Whitehouse, MA
Director
University of New South Wales
And Axia Economics
Forthcoming
ANNUAL REVIEW OF
GERONTOLOGY AND GERIATRICS
Volume 23: Environments, Gerontology, and Old Age
Editor-in-Chief: K. Warner Schaie
Volume Editors: Hans-Werner Wahl, PhD, Rick Scheidt, PhD,
and Paul Windley, PhD
Contents
Aging in Context Across the Adult Life: Bridging the Gap Between
the Physical Environment and Social Environment Research World
H.-W. WAHL AND C. TESCH-ROMER
The Press-Competence Model Revisited:
Empirical Usefulness and New Pathways
R. SCHEIDT
Ecology and the Aging Self
R. RUBINSFF.IN
Ecological Methods in Gerontology: Underuse, Misuse, and New Use
R. Moos
Cross-Cultural Issues of Housing: Can Older Adults in Western
Societies Learn from Other Cultures' Living Arrangements?
C. FRY
Socio-Physical Environments at the Macro Level:
The Impact of Population Migration
C. LONGINO
The Control-Enhancing Intervention Research Paradigm:
Still Lessons to be Learned for Today's Aging?
R. SCHUI../. AND J, HECKHAUSEN
Everyday Competence and Everyday Problem Solving in Aging Adults:
Role of the Physical and Social Context
M. DiLtii, M. MARSISKE, AND S. WILLIS
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