Emily Wiemers
Associate Professor of Public Administration and International Affairs, Syracuse University
Joe Hotz
Professor of Economics, Duke University
Summary of existing project: The existing project uses the rich consumption and health data in Panel Study of Income Dynamics [PSID] to examine the consequences of disability in late middle age for consumption well-being and to assess whether the decline in consumption at the time and its correlation with poor health in early childhood.
Aim: To use the HRS to examine the impact of cognitive limitation or dementia onset on consumption well-being paying particular attention to the role of spousal labor supply and wealth as sources on consumption smoothing, and to evaluate the role of poor health in childhood in either exacerbating or mediating dementia-related consumption declines.