@article {10109, title = {The financial burden of paid home care on older adults: Oldest and sickest are least likely to have enough income}, journal = {Health Affairs}, volume = {38}, year = {2019}, pages = {994-1002}, abstract = {Paid home care can significantly improve the lives of older adults with disabilities and their families, but recipients often incur substantial out-of-pocket spending. We simulated the financial burden of paid home care for a nationally representative sample of non-Medicaid community-dwelling adults ages sixty-five and older. We found that 74 percent could fund at least two years of a moderate amount of paid home care if they liquidated all of their assets, and 58 percent could fund at least two years of an extensive amount of paid home care. Among older adults with significant disabilities, however, only 57 percent could fund at least two years of moderate paid home care by liquidating all of their assets, and 40 percent could fund at least two years of extensive paid home care. Paid home care could become less affordable if growing labor shortages raise future costs.}, keywords = {Community-dwelling, Financial burden, Long-term Care}, issn = {0278-2715}, doi = {10.1377/hlthaff.2019.00025}, url = {http://www.healthaffairs.org/doi/10.1377/hlthaff.2019.00025}, author = {Richard W. Johnson and Wang, Claire Xiaozhi} } @article {9121, title = {Hispanics{\textquoteright} retirement transitions and differences by nativity.}, journal = {Journal of Aging and Health}, volume = {29}, year = {2017}, month = {09/2017}, pages = {1096-1115}, abstract = {

OBJECTIVE: This study examines differences in retirement decisions between older Hispanics and non-Hispanics, with a special focus on the role of nativity.

METHODS: We use 1998-2012 waves of the Health and Retirement Study. We estimate survival models of retirement and compare retirement transitions for U.S.-born Hispanics, foreign-born Hispanics, non-Hispanic Whites, and non-Hispanic Blacks.

RESULTS: Foreign-born Hispanics retire significantly later than other racial and ethnic groups. Controlling for personal characteristics, their risk of retirement is 39\% lower compared with non-Hispanic Whites. Retirement transitions do not differ significantly between U.S.-born Hispanics and non-Hispanic Whites.

DISCUSSION: Difference in retirement timing between U.S.- and foreign-born Hispanics may partly be due to lower incomes and wealth accumulation of foreign-born Hispanics. Workforce development initiatives, policy initiatives promoting retirement savings, and Social Security reforms could improve future retirement security for older Hispanics, and make retirement a viable option for more foreign-born Hispanics.

}, keywords = {Hispanics, Racial/ethnic differences, Retirement Planning and Satisfaction}, issn = {1552-6887}, doi = {10.1177/0898264317711608}, author = {Mudrazija, Stipica and Richard W. Johnson and Wang, Claire Xiaozhi} }