In the past few years, the economic ramifications of aging have garnered close attention from a group of NBER researchers led by David A. Wise. In this volume, Wise and his collaborators continue to analyze a nexus of age-related issues.

This volume begins by looking at the implications of private and public personal retirement plans, focusing in particular on the impact of 401(k) programs on retirement strategies in light of potential social security reform and factors such as annuitization and on asset accumulation. Next, the often-observed relationship between health and wealth is dissected from two different perspectives and correlated with striking increases in health-care spending over the past two decades, despite the improved health of older populations. The volume concludes with an investigation of the retirement effects of various social security provisions in both U.S. and German systems.

This carefully developed collection expands the current investigative focus and broadens the dialogue on a rapidly growing area of social and economic concern.

In this autobiographical volume, the remarkable Helen Bevington looks for answers to the question of how to live or, more specifically, how to confront growing older. A familiar face on the literary landscape since the mid-1940s, Bevington contemplates the course of her own life in view of the suicide of her father, the final years her mother spent in unwilling solitude, and the tragic suicide of her son following a crippling automobile accident from which he could never recover. How is one to face the inevitability of death? What is the third alternative? How to persevere in life?
The unique Bevington way of autobiography recreates lessons and insights of other lives, historical figures, and compelling incidents, and combines them in a narrative that follows the emotional currents of her life. Evoking a wide range of historical and literary figures, including Chekhov, Marcus Aurelius, Flannery O’Connor, Simone de Beauvoir, Thoreau, Beatrix Potter, Sappho, Yeats, Alexander the Great, Montaigne, Saint Cecilia, Virginia Woolf, Liv Ullmann, and many others, Bevington finds in these lives a path that has guided her search away from solitude. Through her reflections on the ten years that followed her son’s death, we become aware of how far she has traveled, how the search has brightened, how she has eloquently evolved into old age. In the end she is sitting, like the Buddha, under her own fig tree, waiting not for death but for further illumination.
An original contemplation of the universal dilemmas and tragedies of existence, The Third and Only Way is at once warm, funny, and inspiring—full of learning and wisdom.

The original essays and commentary in this volume—the third in a series reporting the results of the NBER Economics of Aging Program—address issues that are of particular importance to the well-being of individuals as they age and to a society at large that is composed increasingly of older persons. The contributors examine social security reform, including an analysis of the Japanese system; present the startling finding that the vast majority of people choose the wrong accumulation strategies for their pension plans; explore the continuing consequences of the decline in support of parents by children in the postwar period; investigate the relation between nursing home stays and the source of payment for the care; and offer initial findings on the implications of differences between developed and developing countries for understanding aging issues and determining appropriate directions for research.

Transnational Aging and Reconfigurations of Kin Work documents the social and material contributions of older persons to their families in settings shaped by migration, their everyday lives in domestic and community spaces, and in the context of intergenerational relationships and diasporas. Much of this work is oriented toward supporting, connecting, and maintaining kin members and kin relationships—the work that enables a family to reproduce and regenerate itself across generations and across the globe.