AN NBER PUBLICATION ISSUE: No. 2, June 2013

The Bulletin on Aging & Health

Medicaid is an importance source of funding for long-term care for the elderly. While Medicaid is the payer of last resort, contributing only after Medicare and private insurance pay their share and individuals spend their assets down to a relatively low "disregard" amount, the very high cost of nursing home care - on the order of $60,000 to $75,000 per year - means that Medicaid ends up financing care for seventy percent of nursing home residents. While most individuals on...

Research Summaries

Article
Since 2006, plan sponsors have had the opportunity to add a Roth 401(k) option to defined contribution pension plans. Takeup among plans has been fairly rapid, with half of 401(k) plans offering a Roth option by 2011. Yet usage of the Roth 401(k) option by participants has lagged behind, with fewer than one in five 401(k) plan participants making Roth contributions in that year. In Who Uses the Roth 401(k) and How Do They Use It? (NBER Working Paper 19193), researchers John...
Article
Disability Insurance (DI) programs in the U.S. and elsewhere have historically provided little incentive for recipients to experiment with returning to work, since recipients typically lose eligibility for benefits if they earn more than a modest amount. In recent years, however, some countries have adopted return-to-work policies that allow recipients to keep some of their benefits if they return to work. Under a proposed change to the U.S. DI system known as the "$1 for $2...

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