The Economics of Aging
This seminar will explore issues that are relevant to the economics of aging. The Great Recession had an impact on families throughout the US, some more than others. Unfortunately, many adults who were nearing retirement or in retirement experienced a double whammy: loss of income and equity, and less time to make up for those losses. This seminar is organized around literature that informs students about retirement and the importance of any early start in the planning process. Students will be educated about topics related to well-being in old age, which include: saving, pension plans, the design and viability of Social Security and Medicare, Medicaid, long-term care, inheritance, and psychosocial supports. We will focus on the "construction of retirement" and the role of pension income and health in old age.