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Replication data for: Life-Cycle Consumption Patterns at Older Ages in the United States and the United Kingdom: Can Medical Expenditures Explain the Difference?

Version
1
Resource Type
Dataset
Creator
  • Banks, James
  • Blundell, Richard
  • Levell, Peter
  • Smith, James P.
Publication Date
2019-08-01
Description
  • Abstract

    This paper documents significantly steeper declines in nondurable expenditures at older ages in the United Kingdom compared to the United States, in spite of income paths being similar. Several possible causes are explored, including different employment paths, housing ownership and expenses, levels and paths of health status, number of household members, and out-of-pocket medical expenditures. Among all the potential explanations considered, those relating to health care—differences in levels and age paths in medical expenses and medical expenditure risk—can fully account for the steeper declines in nondurable consumption in the United Kingdom compared to the United States.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/pol.20170182 (Text)
  • Is cited by
    DOI: 10.5255/UKDA-SN-853770 (Dataset)
  • Is previous version of
    DOI: 10.3886/E116520V2
Publications
  • Banks, James, Richard Blundell, Peter Levell, and James P. Smith. “Life-Cycle Consumption Patterns at Older Ages in the United States and the United Kingdom: Can Medical Expenditures Explain the Difference?” American Economic Journal: Economic Policy 11, no. 3 (August 2019): 27–54. https://doi.org/10.1257/pol.20170182.
    • ID: 10.1257/pol.20170182 (DOI)
  • Blundell, Richard. “Life-Cycle Consumption Patterns at Older Ages in the US and the UK: Can Medical Expenditures Explain the Difference? 1978-2012.” UK Data Service, 2020. https://doi.org/10.5255/UKDA-SN-853770.
    • ID: 10.5255/UKDA-SN-853770 (DOI)

Update Metadata: 2020-05-20 | Issue Number: 3 | Registration Date: 2019-12-07

Banks, James; Blundell, Richard; Levell, Peter; Smith, James P. (2019): Replication data for: Life-Cycle Consumption Patterns at Older Ages in the United States and the United Kingdom: Can Medical Expenditures Explain the Difference?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116520V1