TY - RPRT T1 - The Effect of Physical and Cognitive Decline at Older Ages on Work and Retirement: Evidence from Occupational Job Demands and Job Mismatch Y1 - 2017 A1 - Michael D Hurd A1 - Susann Rohwedder A1 - Robert J. Willis A1 - Péter Hudomiet KW - Cognitive Ability KW - Motor processes KW - Physical Ability KW - Work AB - As workers age, their physical and cognitive abilities tend to decline. This could lead to a mismatch between workers’ resources and the demands of their jobs, restricting future work. We use longitudinal data from the Health and Retirement Study (HRS) linked to detailed occupational characteristics from the O*NET project to investigate how mismatches between job demands and workers’ resources in two physical and two cognitive domains affect retirement outcomes. We estimate how changes in physical and cognitive resources as well as their interactions with occupational job-demands affect changes in 1) subjective reports of work-limiting health problems; 2) mental health; and 3) subjective probabilities of working past age 65. We also estimate hazard models for transitions from full-time work to retirement. We found that declines in physical and cognitive resources are strong predictors of all outcomes: Fewer resources lead to greater reporting of work-limiting health problems; decline in mental health; smaller subjective probabilities of working full-time past age 65; and more transitions from work to retirement. The interaction of resources with job demands, however, is only statistically significant for workers with large-muscle limitations who are more likely to report changes in outcomes when they work in occupations that rely heavily on physical strength. In contrast, the effects of declines in fine motor skills and cognition do not show statistically significant differences by occupational job demands. It appears cognitive and fine motor skills, at least as measured in the HRS, are universally important determinants of working, not specific to certain occupations. JF - Working Papers PB - Michigan Retirement Research Center CY - Ann Arbor, MI UR - http://mrrc.isr.umich.edu/wp372/ ER - TY - CHAP T1 - The Lifetime Risk of Nursing Home Use T2 - Discoveries in the Economics of Aging Y1 - 2014 A1 - Michael D Hurd A1 - Pierre-Carl Michaud A1 - Susann Rohwedder ED - David A Wise KW - Health Conditions and Status KW - Healthcare AB - This paper estimates the lifetime risk and distribution of stays in nursing homes using 10 waves of data from the Health and Retirement Study covering the population over the age of 50. Using both non-parametric and parametric approaches which account for censoring, we estimate that a 50 year old has a 53 to 59 chance of ever entering a nursing home before he dies and that, conditional on any stay, the average duration is just over a year. We show that stays at the end of life which are typically not captured in core interviews are very important for assessing lifetime exposure. The HRS performs exit interviews with proxies for those who died. Excluding exit interviews yields lifetime risk under 40 . Being female, white and a non-smoker are associated with higher lifetime risk due to lower (competing) mortality risk and higher nursing home risk at older ages. JF - Discoveries in the Economics of Aging PB - University of Chicago Press CY - Chicago U4 - nursing home rist/nursing homes/mortality JO - The Lifetime Risk of Nursing Home Use ER - TY - RPRT T1 - Personality Traits and Economic Preparation for Retirement Y1 - 2012 A1 - Michael D Hurd A1 - Angela Lee Duckworth A1 - Susann Rohwedder A1 - David R Weir KW - Consumption and Savings KW - Health Conditions and Status KW - Net Worth and Assets KW - Retirement Planning and Satisfaction AB - This paper assesses the effects of personality traits on economic preparation for retirement, wealth accumulation, and consumption, among persons 66 to 69 years of age. Among the five chief personality traits of neuroticism, extroversion, agreeableness, conscientiousness, and openness, we focus most on conscientiousness. We find levels of adequate economic preparation for retirement ranging from 29 percent to 90 percent and that conscientiousness positively affects the proportion of persons adequately prepared for retirement, while neuroticism negatively affects it. Both consumption and wealth increase with conscientiousness but wealth increases faster, indicating that more conscientious persons save more out of retirement resources. JF - MRDRC Working Paper PB - Michigan Retirement and Disability Research Center, University of Michigan CY - Ann Arbor, MI UR - https://ideas.repec.org/p/mrr/papers/wp279.html U4 - personality traits/Conscientiousness/Conscientiousness/retirement planning/wealth Accumulation/consumption/wealth ER - TY - RPRT T1 - Aging, Demographics and Memory Study (ADAMS): Sample Design, Weighting and Analysis for ADAMS Y1 - 2009 A1 - Steven G Heeringa A1 - Gwenith G Fisher A1 - Michael D Hurd A1 - Kenneth M. Langa A1 - Mary Beth Ofstedal A1 - Brenda L Plassman A1 - Rogers, Willard A1 - David R Weir KW - Health Conditions and Status KW - Methodology AB - This technical report describes the sample design, design-based weighting and analysis procedures for the Aging, Demographics and Memory Study (ADAMS), a national study that recruited Health and Retirement Study (HRS) panel members to undergo a psychometric evaluation and clinical assessment visit. Langa et al. (2005) describe the general design and methods for the ADAMS including relevant background on the HRS longitudinal sample. This document provides additional detail on the sample design for the ADAMS including a description of survey sample selection, sample attrition and nonresponse, population weights, design-based variance estimation and related topics of importance to analysts of the ADAMS data. PB - Institute for Social Research, University of Michigan CY - Ann Arbor, Michigan U4 - survey Methods/Sample Design/Cognition ER - TY - CHAP T1 - The Effect of Large Capital Gains or Losses on Retirement T2 - Developments in the economics of aging Y1 - 2009 A1 - Michael D Hurd A1 - Reti, Monika A1 - Susann Rohwedder ED - David A Wise KW - Net Worth and Assets KW - Retirement Planning and Satisfaction JF - Developments in the economics of aging PB - University of Chicago Press CY - Chicago SN - 0-226-90335-4 UR - https://www.nber.org/books-and-chapters/developments-economics-aging/effect-large-capital-gains-or-losses-retirement U4 - Early Retirement/Wealth Accumulation/Stock Market ER - TY - CHAP T1 - Pathways to Disability: Predicting Health Trajectories T2 - Health at Older Ages: The Causes and Consequences of Declining Disability Y1 - 2008 A1 - Florian Heiss A1 - Axel Borsch-Supan A1 - Michael D Hurd A1 - David A Wise ED - David M Cutler ED - David A Wise KW - Disabilities KW - Healthcare JF - Health at Older Ages: The Causes and Consequences of Declining Disability SN - 0-226-13231-5 UR - https://www.nber.org/books-and-chapters/health-older-ages-causes-and-consequences-declining-disability-among-elderly/pathways-disability-predicting-health-trajectories U4 - DISABILITY/DISABILITY/health trajectories/health trajectories ER - TY - JOUR T1 - Prevalence of cognitive impairment without dementia in the United States. JF - Ann Intern Med Y1 - 2008 A1 - Brenda L Plassman A1 - Kenneth M. Langa A1 - Gwenith G Fisher A1 - Steven G Heeringa A1 - David R Weir A1 - Mary Beth Ofstedal A1 - James R Burke A1 - Michael D Hurd A1 - Guy G Potter A1 - Willard L Rodgers A1 - David C Steffens A1 - John J McArdle A1 - Robert J. Willis A1 - Robert B Wallace KW - Aged KW - Aged, 80 and over KW - Cognition Disorders KW - Dementia KW - disease progression KW - Humans KW - Longitudinal Studies KW - Prevalence KW - United States AB -

BACKGROUND: Cognitive impairment without dementia is associated with increased risk for disability, increased health care costs, and progression to dementia. There are no population-based prevalence estimates of this condition in the United States.

OBJECTIVE: To estimate the prevalence of cognitive impairment without dementia in the United States and determine longitudinal cognitive and mortality outcomes.

DESIGN: Longitudinal study from July 2001 to March 2005.

SETTING: In-home assessment for cognitive impairment.

PARTICIPANTS: Participants in ADAMS (Aging, Demographics, and Memory Study) who were age 71 years or older drawn from the nationally representative HRS (Health and Retirement Study). Of 1770 selected individuals, 856 completed initial assessment, and of 241 selected individuals, 180 completed 16- to 18-month follow-up assessment.

MEASUREMENTS: Assessments, including neuropsychological testing, neurologic examination, and clinical and medical history, were used to assign a diagnosis of normal cognition, cognitive impairment without dementia, or dementia. National prevalence rates were estimated by using a population-weighted sample.

RESULTS: In 2002, an estimated 5.4 million people (22.2%) in the United States age 71 years or older had cognitive impairment without dementia. Prominent subtypes included prodromal Alzheimer disease (8.2%) and cerebrovascular disease (5.7%). Among participants who completed follow-up assessments, 11.7% with cognitive impairment without dementia progressed to dementia annually, whereas those with subtypes of prodromal Alzheimer disease and stroke progressed at annual rates of 17% to 20%. The annual death rate was 8% among those with cognitive impairment without dementia and almost 15% among those with cognitive impairment due to medical conditions.

LIMITATIONS: Only 56% of the nondeceased target sample completed the initial assessment. Population sampling weights were derived to adjust for at least some of the potential bias due to nonresponse and attrition.

CONCLUSION: Cognitive impairment without dementia is more prevalent in the United States than dementia, and its subtypes vary in prevalence and outcomes.

PB - 148 VL - 148 IS - 6 U1 - http://www.ncbi.nlm.nih.gov/pubmed/18347351?dopt=Abstract U2 - PMC2670458 U4 - Cognitive Functioning/Dementia/Health Risk/PREVALENCE ER - TY - JOUR T1 - Prevalence of dementia in the United States: the aging, demographics, and memory study. JF - Neuroepidemiology Y1 - 2007 A1 - Brenda L Plassman A1 - Kenneth M. Langa A1 - Gwenith G Fisher A1 - Steven G Heeringa A1 - David R Weir A1 - Mary Beth Ofstedal A1 - James R Burke A1 - Michael D Hurd A1 - Guy G Potter A1 - Willard L Rodgers A1 - David C Steffens A1 - Robert J. Willis A1 - Robert B Wallace KW - Age Distribution KW - Aged KW - Aged, 80 and over KW - Cohort Studies KW - Dementia KW - Female KW - Geriatric Assessment KW - Health Surveys KW - Humans KW - Logistic Models KW - Male KW - Prevalence KW - Sex Distribution KW - United States AB -

AIM: To estimate the prevalence of Alzheimer's disease (AD) and other dementias in the USA using a nationally representative sample.

METHODS: The Aging, Demographics, and Memory Study sample was composed of 856 individuals aged 71 years and older from the nationally representative Health and Retirement Study (HRS) who were evaluated for dementia using a comprehensive in-home assessment. An expert consensus panel used this information to assign a diagnosis of normal cognition, cognitive impairment but not demented, or dementia (and dementia subtype). Using sampling weights derived from the HRS, we estimated the national prevalence of dementia, AD and vascular dementia by age and gender.

RESULTS: The prevalence of dementia among individuals aged 71 and older was 13.9%, comprising about 3.4 million individuals in the USA in 2002. The corresponding values for AD were 9.7% and 2.4 million individuals. Dementia prevalence increased with age, from 5.0% of those aged 71-79 years to 37.4% of those aged 90 and older.

CONCLUSIONS: Dementia prevalence estimates from this first nationally representative population-based study of dementia in the USA to include subjects from all regions of the country can provide essential information for effective planning for the impending healthcare needs of the large and increasing number of individuals at risk for dementia as our population ages.

PB - 29 VL - 29 IS - 1-2 U1 - http://www.ncbi.nlm.nih.gov/pubmed/17975326?dopt=Abstract U4 - aging/Dementia/Epidemiology ER - TY - JOUR T1 - The Aging, Demographics and Memory Study: Study Design and Methods JF - Neuroepidemiology Y1 - 2005 A1 - Kenneth M. Langa A1 - Brenda L Plassman A1 - Robert B Wallace A1 - A. Regula Herzog A1 - Steven G Heeringa A1 - Mary Beth Ofstedal A1 - James F. Burke A1 - Gwenith G Fisher A1 - Fultz, Nancy H. A1 - Michael D Hurd A1 - Guy G Potter A1 - Willard L Rodgers A1 - David C Steffens A1 - David R Weir KW - Health Conditions and Status KW - Healthcare AB - Objective: We describe the design and methods of the Aging, Demographics, and Memory Study (ADAMS), a new national study that will provide data on the antecedents, prevalence, outcomes, and costs of dementia and cognitive impairment, not demented (CIND) using a unique study design based on the nationally representative Health and Retirement Study (HRS). We also illustrate potential uses of the ADAMS data and provide information to interested researchers on obtaining ADAMS and HRS data. Methods: The ADAMS is the first population-based study of dementia in the United States to include subjects from all regions of the country, while at the same time using a single standardized diagnostic protocol in a community-based sample. A sample of 856 individuals aged 70 or older who were participants in the on-going HRS received an extensive in-home clinical and neuropsychological assessment to determine a diagnosis of normal, CIND, or dementia. Within the CIND and dementia categories, subcategories (e.g., Alzheimer disease, vascular dementia) were assigned to denote the etiology of cognitive impairment. Conclusion: Linking the ADAMS dementia clinical assessment data to the wealth of available longitudinal HRS data on health, health care utilization, informal care, and economic resources and behavior, will provide a unique opportunity to study the onset of CIND and dementia in a nationally-representative population-based sample, as well as the risk factors, prevalence, outcomes, and costs of CIND and dementia. PB - 25 VL - 25 U4 - Aging/Dementia/Epidemiology ER - TY - CHAP T1 - Healthy, Wealthy, and Knowing Where to Live: Trajectories of Health, Wealth, and Living Arrangements among the Oldest Old T2 - Analyses in the Economics of Aging Y1 - 2005 A1 - Florian Heiss A1 - Michael D Hurd A1 - Axel Borsch-Supan ED - David A Wise KW - Consumption and Savings KW - Health Conditions and Status KW - Net Worth and Assets AB - There are many mechanisms that suggest that living arrangements and well-being derived from health and economic status are closely related. This paper investigates the joint evolution of the three conditions, using a microeconometric approach similar to what is known as vector autoregressions (VAR) in the macroeconomics literature. JF - Analyses in the Economics of Aging PB - University of Chicago Press CY - Chicago N1 - ProCite field 6 : In ProCite field 8 : ed. U4 - Health Status/Wealth/Living Standards JO - Healthy, Wealthy, and Knowing Where to Live: Trajectories of Health, Wealth, and Living Arrangements among the Oldest Old ER - TY - CHAP T1 - Individual Subjective Survival Curves T2 - Analyses in the Economics of Aging Y1 - 2005 A1 - Gan, Li A1 - Michael D Hurd A1 - Daniel McFadden ED - David A Wise KW - Expectations AB - Testing life-cycle models and other economic models of saving and consumption at micro level requires knowledge of individuals' subjective believes of their mortality risk. Previous studies have shown that individual responses on subjective survival probabilities are generally consistent with life tables. However, survey responses suffer serious problems caused by focal responses of zero and one. This paper suggests using a Bayesian update model that accounts for the problems encountered in focal responses. We also propose models that help us to identify how much each individual deviates from life table in her subjective belief. The resulting individual subjective survival curves have considerable variations and are readily applicable in testing economic models that require individual subjective life expectancies. JF - Analyses in the Economics of Aging PB - University of Chicago Press CY - Chicago UR - https://www.nber.org/chapters/c10367 N1 - RDA ProCite field 6 : In ProCite field 8 : ed. U4 - Subjective Probabilities of Survival ER - TY - CHAP T1 - Anticipated and Actual Bequests T2 - Themes in the Economics of Aging Y1 - 2001 A1 - Michael D Hurd A1 - James P Smith ED - David A Wise KW - Adult children KW - Consumption and Savings KW - Demographics KW - Event History/Life Cycle KW - Health Conditions and Status AB - This paper uses data on anticipated bequests from two waves of the Health and Retirement Study and the Asset and Health Dynamics of the Oldest Old (AHEAD), and on actual bequests from AHEAD. Actual bequests were measured in exit interviews given by proxy respondents for 774 AHEAD respondents who died between waves 1 and 2. Because the exit interview is representative of the elderly population, the distribution of estate values is quite different from that obtained from estate records, which represent just a wealthy subset of the population. Anticipated bequests were measured by the subjective probability of leaving bequests. Between waves 1 and 2, increases in bequest probabilities were associated with increases in the subjective probability of surviving, increments in household wealth, and widowing while out-of-pocket medical expenses reduced the likelihood of a bequest. By comparing bequest probabilities with baseline wealth we were able to test a main prediction of the life-cycle model, that individuals will dissave at advanced old-age. The AHEAD respondents anticipate substantial dissaving before they die. JF - Themes in the Economics of Aging PB - University of Chicago Press CY - Chicago, IL UR - http://www.nber.org N1 - ProCite field 6 : In ProCite field 8 : ed. U4 - Altruism/Intertemporal Consumer Choice/Life Cycle Models and Saving/Health Production--Nutrition, Mortality, Morbidity, Disability, and Economic Behavior/Economics of the Elderly/Bequests/Elderly/Life Cycle Models/Dissaving/Estate Values/Health JO - Anticipated and Actual Bequests ER - TY - CHAP T1 - Predictors of Mortality among the Elderly T2 - Themes in the Economics of Aging Y1 - 2001 A1 - Michael D Hurd A1 - Daniel McFadden A1 - Merrill, Angela ED - David A Wise KW - Demographics KW - Expectations KW - Health Conditions and Status KW - Net Worth and Assets AB - This paper examines the quantitative importance of some predictors of mortality among the population aged 70 and over. As expected, this research confirms that socioeconomic status is related to mortality. This relationship is strong at younger ages and appears to weaken as the cohort gets older. The 13 health indicators are also strong predictors of mortality. Results also show that subjective probabilities of survival predict mortality and remain strong predictors even after controlling for socioeconomic indicators and health conditions. JF - Themes in the Economics of Aging PB - Univ. of Chicago Press CY - Chicago UR - https://www.nber.org/papers/w7440 N1 - ProCite field 8 : ed. U4 - Basic Demographics/Economic Status/Health Status/Subjective Probabilities of Survival/Mortality Rates between waves 1 and 2 of the AHEAD JO - Predictors of Mortality among the Elderly ER - TY - RPRT T1 - Patterns of Dissaving in Retirement Y1 - 2000 A1 - Steven Haider A1 - Michael D Hurd A1 - Reardon, Elaine A1 - Williamson, Stephanie KW - Consumption and Savings KW - Net Worth and Assets KW - Retirement Planning and Satisfaction AB - Abstract: Examined patterns of dissaving among households with at least one older adult. Data were obtained from the Social Security Administration's New Beneficiary Data System (NBDS) on older adults (mainly those aged 62-65) who received Social Security benefits for the first time in 1980-1981 and who were interviewed in 1982 and 1991. Data were also obtained from the 1993 and 1995 waves of the National Institute on Aging's Asset and Health Dynamics Among the Oldest Old (AHEAD) survey of adults aged 70 and older. Multivariate analyses indicated that changes in wealth were fairly flat in the 1980s (based on NBDS data), with mean wealth growing just under one percent per year for the 9 years of the sample period, while median wealth declined by about one-quarter of a percentage point per year. The AHEAD data from the 1990s suggest that most adults aged 70 and older enjoyed wealth increases, which in large part were due to the dramatic rise in stock prices over the 2 years of the survey period. Overall, there was increasing wealth inequality, with less well off households dissaving more rapidly than better off households. Households in which health declined between the waves studied were more likely to dissave. Savings patterns of households with and without children were fairly similar. Two appendixes provide information on the study methodology and additional data tables PB - AARP Public Policy Institute CY - Washington, D.C. UR - https://assets.aarp.org/rgcenter/econ/2000_10_dissaving.pdf U4 - Assets/Wealth/RETIREMENT/Dissaving ER - TY - CHAP T1 - The Association of Influenza Vaccine Receipt with Health and Economic Expectations among Elders: The AHEAD Study T2 - Wealth, work, and health: Innovations in measurement in the social sciences: Essays in honor of F. Thomas Juster Y1 - 1999 A1 - Robert B Wallace A1 - Nichols, Sara A1 - Michael D Hurd ED - James P Smith ED - Robert J. Willis KW - Consumption and Savings KW - Expectations KW - Health Conditions and Status KW - Methodology JF - Wealth, work, and health: Innovations in measurement in the social sciences: Essays in honor of F. Thomas Juster PB - University of Michigan Press CY - Ann Arbor, MI N1 - ProCite field[8]: eds. U4 - Health Production/Health Behavior/Economic Behavior/Expectations of Future Events/Economics of the Elderly/Microeconomic Data Management/Health JO - The Association of Influenza Vaccine Receipt with Health and Economic Expectations among Elders: The AHEAD Study ER - TY - CHAP T1 - Labor Market Transitions in the HRS: Effects of the Subjective Probability of Retirement and of Pension Eligibility T2 - Wealth, Work and Health: Innovations in Measurement in the Social Sciences Y1 - 1999 A1 - Michael D Hurd ED - James P Smith ED - Robert J. Willis KW - Employment and Labor Force KW - Expectations KW - Pensions JF - Wealth, Work and Health: Innovations in Measurement in the Social Sciences PB - University of Michigan Press CY - Ann Arbor, MI N1 - ProCite field 8 : eds. U4 - Labor/Pensions/Subjective Probabilities JO - Labor Market Transitions in the HRS: Effects of the Subjective Probability of Retirement and of Pension Eligibility ER - TY - CHAP T1 - Consumption and Saving Balances of the Elderly: Experimental Evidence on Survey Response Bias T2 - Frontiers in the Economics of Aging Y1 - 1998 A1 - Michael D Hurd A1 - Daniel McFadden A1 - Chand, Harish A1 - Gan, Li A1 - Merrill, Angela A1 - Michael Ewing Roberts ED - David A Wise KW - Consumption and Savings KW - Methodology AB - A prerequisite for understanding the economic behavior of the elderly, and the impacts of public policy on their health and well-being, is accurate data on key economic variables such as income, consumption, and assets, as well as on expectations regarding future economic and demographic events such as major health costs, disabilities, and death. Standard practice is to elicit such information in economic surveys, relying on respondents’ statements regarding the variables in question. Economists are generally aware that stated responses are noisy. Item nonresponse is a common problem, and carefully done surveys are designed to minimize it. Well-designed analyses of economic survey data are careful about detecting implausible outliers, imputing missing values, and correcting for selection caused by dropping missing observations. Circumstances are recognized that tend to produce systematic biases in response, such as telescoping in recall of past events that arises from the psychophysical perception of time intervals, or overstatement of charitable contributions that arises from the incentive to project a positive self-image. Nevertheless, economic studies are often too sanguine about the reliability of subjects’ statements regarding objective economic data. JF - Frontiers in the Economics of Aging PB - Univ. of Chicago Press CY - Chicago UR - https://www.nber.org/chapters/c7306 N1 - ProCite field 8 : ed. U4 - Consumption/Savings/Survey Methods JO - Consumption and Saving Balances of the Elderly: Experimental Evidence on Survey Response Bias ER - TY - CHAP T1 - Household Wealth of the Elderly under Alternative Imputation Procedures T2 - Inquiries in the economics of aging Y1 - 1998 A1 - Hoynes, Hilary A1 - Michael D Hurd A1 - Chand, Harish ED - David A Wise KW - Consumption and Savings KW - Demographics KW - Income KW - Net Worth and Assets KW - Retirement Planning and Satisfaction AB - Although many reach retirement with few resources except housing equity and a claim to social security and Medicare, financial wealth, nonetheless, makes an important contribution to the economic status of many of the elderly. Most of our up-to-date information about the wealth of the elderly is based on the Survey of Income and Program Participation (SIPP), which sometimes adds an asset module to its core survey. As in many surveys of assets, the rate of missing data on individual asset items is high, about 30 to 40 percent among those with the asset. This raises the issue of the reliability of SIPP wealth measures because respondents who refuse or are unable to give a value to an asset item may not be representative of the population. Indeed, in the Health and Retirement Survey (HRS) it is clear that asset data are not missing at random. Through the use of bracketing methods, which we will discuss below, the HRS was able to reduce the rate of missing asset data substantially, and the data that were added in this way increased mean wealth in the HRS by about 40 percent (Smith 1995). Furthermore, because the additional data increased the mean so much, they undoubtedly increased measures of wealth inequality. JF - Inquiries in the economics of aging PB - University of Chicago Press CY - Chicago and London UR - https://www.nber.org/chapters/c7088 IS - NBER Project Report series N1 - ProCite field[3]: U CA, Berkeley and NBER; SUNY, Stony Brook, RAND, and NBER; U CA, Berkeley U4 - Economics of the Elderly/Retirement/Retirement Policies/Personal Income and Wealth Distribution/Elderly/Wealth JO - Household Wealth of the Elderly under Alternative Imputation Procedures ER - TY - CHAP T1 - Subjective Survival Curves and Life Cycle Behavior T2 - Inquiries in the Economics of Aging Y1 - 1998 A1 - Michael D Hurd A1 - Daniel McFadden A1 - Gan, Li ED - David A Wise KW - Consumption and Savings KW - Event History/Life Cycle KW - Health Conditions and Status JF - Inquiries in the Economics of Aging T3 - NBER Project Reports PB - University of Chicago Press CY - Chicago and London N1 - ProCite field[3]: SUNY, Stony Brook, RAND, and NBER; U CA, Berkeley and NBER; U CA, BerkeleyProCite field[6]: InProCite field[8]: ed. U4 - Intertemporal Consumer Choice/Life Cycle Models and Saving/Economics of the Elderly/Health Production--Nutrition, Mortality, Morbidity, Disability, and Economic Behavior/Life Cycle JO - Subjective Survival Curves and Life Cycle Behavior ER - TY - JOUR T1 - Asset and Health Dynamics Among the Oldest Old: An overview of the AHEAD Study JF - The Journals of Gerontology, Series B: Psychological Sciences and Social Sciences Y1 - 1997 A1 - Beth J Soldo A1 - Michael D Hurd A1 - Willard L Rodgers A1 - Robert B Wallace KW - Adult children KW - Demographics KW - Health Conditions and Status KW - Healthcare KW - Income KW - Methodology KW - Net Worth and Assets AB - This article contains background information on the study of Asset and Health Dynamics Among the Oldest Old (AHEAD), a prospective panel survey of persons born in 1923 or earlier who were residing in the community at the time of the 1993 baseline. Interviews were sought with both spouses in married households, and an overall total of 8,222 were completed. We review the interdisciplinary scientific issues that motivated the study, describe the fundamental design decisions that structured AHEAD, and summarize the content in the core and experimental modules. The study provides unusually detailed data on cognition, family structure and transfers, and assets. Data are presented on sample selections, response rates, and oversamples of minority groups. Basic descriptive data on the demographic, health, and socioeconomic attributes of respondents also are presented. Plans for future waves of AHEAD are described, including a next-of-kin interview for decreased respondents. PB - 52B VL - 52B IS - Spec U4 - HRS content and design/Aged, 80 and Over/Family/Female/Financing, Personal/Health Services/Utilization/Health Status/Income/Longitudinal Studies/Support, U.S. Government--PHS/United States ER -