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We estimate the model using Assets and Health Dynamics of the Oldest Old data and the method of simulated moments. Out-of-pocket medical expenses rise quickly with age and permanent income. The risk of living long and requiring expensive medical care is a key driver of saving for many higher-income elderly. Social insurance programs such as Medicaid rationalize the low asset holdings of the poorest but also benefit the rich by insuring them against high medical expenses at the ends of their lives. (c) 2010 by The University of Chicago. All rights reserved..", "publicationTitle": "Journal of Econometrics", "publisher": "", "place": "", "date": "2008", "volume": "142", "issue": "2", "section": "", "partNumber": "", "partTitle": "", "pages": "615-635", "series": "Journal of Econometrics", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "http://ideas.repec.org/a/eee/econom/v142y2008i2p615-635.html", "accessDate": "2010-07-28T13:44:34Z", "PMID": "", "PMCID": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "Regression discontinuity designs", "language": "", "libraryCatalog": "RePEc", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2010-07-28T13:44:34Z", "dateModified": "2010-07-28T13:44:34Z" } }, { "key": "6WE7VN7T", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/6WE7VN7T", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/6WE7VN7T", "type": "text/html" } }, "meta": { "createdByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "David S. Lee and David Card", "parsedDate": "2006-03", "numChildren": 0 }, "data": { "key": "6WE7VN7T", "version": 1, "itemType": "report", "title": "Regression Discontinuity Inference with Specification Error", "creators": [ { "creatorType": "author", "firstName": "", "lastName": "David S. Lee" }, { "creatorType": "author", "firstName": "", "lastName": "David Card" } ], "abstractNote": "This paper constructs a model of saving for retired single people that includes heterogeneity in medical expenses and life expectancies, and bequest motives. We estimate the model using Assets and Health Dynamics of the Oldest Old data and the method of simulated moments. Out-of-pocket medical expenses rise quickly with age and permanent income. The risk of living long and requiring expensive medical care is a key driver of saving for many higher-income elderly. Social insurance programs such as Medicaid rationalize the low asset holdings of the poorest but also benefit the rich by insuring them against high medical expenses at the ends of their lives. (c) 2010 by The University of Chicago. All rights reserved..", "reportNumber": "", "reportType": "", "institution": "National Bureau of Economic Research, Inc", "place": "", "date": "Mar 2006", "seriesTitle": "", "seriesNumber": "", "pages": "", "DOI": "", "ISBN": "", "citationKey": "", "url": "http://ideas.repec.org/p/nbr/nberte/0322.html", "accessDate": "2010-07-28T13:44:29Z", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "RePEc", "callNumber": "", "rights": "", "extra": "", "tags": [], "collections": [], "relations": {}, "dateAdded": "2010-07-28T13:44:29Z", "dateModified": "2010-07-28T13:44:29Z" } }, { "key": "QS58ABTW", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/QS58ABTW", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/QS58ABTW", "type": "text/html" } }, "meta": { "createdByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "lastModifiedByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "creatorSummary": "Ho et al.", "parsedDate": "2007", "numChildren": 1 }, "data": { "key": "QS58ABTW", "version": 1, "itemType": "journalArticle", "title": "Matching as Nonparametric Preprocessing for Reducing Model Dependence in Parametric Causal Inference", "creators": [ { "creatorType": "author", "firstName": "Daniel E.", "lastName": "Ho" }, { "creatorType": "author", "firstName": "Kosuke", "lastName": "Imai" }, { "creatorType": "author", "firstName": "Gary", "lastName": "King" }, { "creatorType": "author", "firstName": "Elizabeth A", "lastName": "Stuart" } ], "abstractNote": "Although published works rarely include causal estimates from more than a few model specifications, authors usually choose the presented estimates from numerous trial runs readers never see. Given the often large variation in estimates across choices of control variables, functional forms, and other modeling assumptions, how can researchers ensure that the few estimates presented are accurate or representative? How do readers know that publications are not merely demonstrations that it is possible to find a specification that fits the author's favorite hypothesis? And how do we evaluate or even define statistical properties like unbiasedness or mean squared error when no unique model or estimator even exists? Matching methods, which offer the promise of causal inference with fewer assumptions, constitute one possible way forward, but crucial results in this fast-growing methodological literature are often grossly misinterpreted. We explain how to avoid these misinterpretations and propose a unified approach that makes it possible for researchers to preprocess data with matching (such as with the easy-to-use software we offer) and then to apply the best parametric techniques they would have used anyway. This procedure makes parametric models produce more accurate and considerably less model-dependent causal inferences. 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Concludes that instrumental variable methods are extremely sensitive to assumptions about how people process information", "publicationTitle": "Journal of Human Resources", "publisher": "", "place": "", "date": "1997", "volume": "32", "issue": "3", "section": "", "partNumber": "", "partTitle": "", "pages": "441-462", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "Journal of Human Resources", "DOI": "", "citationKey": "", "url": "", "accessDate": "", "PMID": "", "PMCID": "", "ISSN": "ISSN-0022-166X", "archive": "", "archiveLocation": "", "shortTitle": "Instrumental Variables", "language": "", "libraryCatalog": "ERIC", "callNumber": "0000", "rights": "", "extra": "", "tags": [ { "tag": "Instrumental Variable Methods", "type": 1 } ], "collections": [], "relations": {}, "dateAdded": "2010-02-05T13:13:58Z", "dateModified": "2010-03-30T12:27:58Z" } }, { "key": "WC73SQJT", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/WC73SQJT", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/WC73SQJT", "type": "text/html" } }, "meta": { "createdByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Merton", "parsedDate": "1994", "numChildren": 3 }, "data": { "key": "WC73SQJT", "version": 1, "itemType": "journalArticle", "title": "\"Durkheim's Division of Labor in Society\": A Sexagenarian Postscript", "creators": [ { "creatorType": "author", "firstName": "Robert K.", "lastName": "Merton" } ], "abstractNote": "Ikke særlig relevant artikel. Handler om Mertons første artikel, som var om den førster ameriskanske udgave i Arbejdsdelingen. Dog enkelte ok tanker...", "publicationTitle": "Springer", "publisher": "", "place": "", "date": "1994", "volume": "9", "issue": "1", "section": "", "partNumber": "", "partTitle": "", "pages": "27-36", "series": "Sociological Forum, Special Issue: The 100th Anniversary of Sociology's First Classic: Durkheim's \"Division of Labor in Society.\"", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "", "accessDate": "", "PMID": "", "PMCID": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "0000", "rights": "", "extra": "", "tags": [ { "tag": "Teori" } ], "collections": [], "relations": {}, "dateAdded": "2010-02-04T10:33:03Z", "dateModified": "2010-03-30T12:27:57Z" } }, { "key": "VCKZE65B", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/VCKZE65B", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/VCKZE65B", "type": "text/html" } }, "meta": { "createdByUser": { "id": 123441, "username": "r_landersoe", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/r_landersoe", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Doob and Webster", "parsedDate": "2003", "numChildren": 0 }, "data": { "key": "VCKZE65B", "version": 1, "itemType": "journalArticle", "title": "Sentence Severity and Crime: Accepting the Null Hypothesis", "creators": [ { "creatorType": "author", "firstName": "Anthony N.", "lastName": "Doob" }, { "creatorType": "author", "firstName": "Cheryl Marie", "lastName": "Webster" } ], "abstractNote": "The literature on the effects of sentence severity on crime levels has been reviewed numerous times in the past twenty-five years. Most reviews conclude that there is little or no consistent evidence that harsher sanctions reduce crime rates in Western populations. Nevertheless, most reviewers have been reluctant to conclude that variation in the severity of sentence does not have differential deterrent impacts. A reasonable assessment of the research to date-with a particular focus on studies conducted in the past decade-is that sentence severity has no effect on the level of crime in society. It is time to accept the null hypothesis.", "publicationTitle": "Crime and Justice", "publisher": "", "place": "", "date": "2003", "volume": "30", "issue": "", "section": "", "partNumber": "", "partTitle": "", "pages": "143-195", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "http://www.jstor.org/stable/1147698", "accessDate": "2010-02-03T09:03:29Z", "PMID": "", "PMCID": "", "ISSN": "01923234", "archive": "", "archiveLocation": "", "shortTitle": "Sentence Severity and Crime", "language": "", "libraryCatalog": "JSTOR", "callNumber": "0000", "rights": "", "extra": "ArticleType: primary_article / Full publication date: 2003 / Copyright © 2003 The University of Chicago Press", "tags": [], "collections": [], "relations": {}, "dateAdded": "2010-02-04T10:10:22Z", "dateModified": "2010-03-30T12:27:56Z" } }, { "key": "V3KFFEBM", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/V3KFFEBM", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/V3KFFEBM", "type": "text/html" } }, "meta": { "createdByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Foucault", "parsedDate": "2002", "numChildren": 2 }, "data": { "key": "V3KFFEBM", "version": 1, "itemType": "bookSection", "title": "Against replacement penalties", "creators": [ { "creatorType": "author", "firstName": "Michel", "lastName": "Foucault" } ], "abstractNote": "Avisartikel om afskaffelsen af dødsstraffen i Frankrig. Om kriminel handling vs. kriminel person", "bookTitle": "Power. Essential works of Foucault 1954-1984, volume 3 (edited by James D. Faubion)", "series": "", "seriesNumber": "", "volume": "", "numberOfVolumes": "", "edition": "", "date": "2002", "publisher": "Pinguin Books", "place": "London", "originalDate": "", "originalPublisher": "", "originalPlace": "", "format": "", "pages": "459-461", "ISBN": "", "DOI": "", "citationKey": "", "url": "", "accessDate": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "0000", "rights": "", "extra": "", "tags": [ { "tag": "Alternativ til straf" } ], "collections": [], "relations": {}, "dateAdded": "2010-02-04T10:33:03Z", "dateModified": "2010-03-30T12:27:55Z" } }, { "key": "V3HXHSD3", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/V3HXHSD3", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/V3HXHSD3", "type": "text/html" } }, "meta": { "createdByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Imbens and Angrist", "parsedDate": "1994-03", "numChildren": 1 }, "data": { "key": "V3HXHSD3", "version": 1, "itemType": "journalArticle", "title": "Identification and Estimation of Local Average Treatment Effects", "creators": [ { "creatorType": "author", "firstName": "Guido W.", "lastName": "Imbens" }, { "creatorType": "author", "firstName": "Joshua D.", "lastName": "Angrist" } ], "abstractNote": "", "publicationTitle": "Econometrica", "publisher": "", "place": "", "date": "Mar., 1994", "volume": "62", "issue": "2", "section": "", "partNumber": "", "partTitle": "", "pages": "467-475", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "http://www.jstor.org/stable/2951620", "accessDate": "2010-01-04T11:37:48Z", "PMID": "", "PMCID": "", "ISSN": "00129682", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "JSTOR", "callNumber": "0000", "rights": "", "extra": "ArticleType: primary_article / Full publication date: Mar., 1994 / Copyright © 1994 The Econometric Society", "tags": [], "collections": [], "relations": {}, "dateAdded": "2010-02-05T13:13:58Z", "dateModified": "2010-03-30T12:27:54Z" } }, { "key": "UZZ55AWQ", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/UZZ55AWQ", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/UZZ55AWQ", "type": "text/html" } }, "meta": { "createdByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Tranæs", "parsedDate": "2008", "numChildren": 13 }, "data": { "key": "UZZ55AWQ", "version": 1, "itemType": "journalArticle", "title": "Den uformelle straf og velfærdsstaten", "creators": [ { "creatorType": "author", "firstName": "Torben", "lastName": "Tranæs" } ], "abstractNote": "Ser på uformel (økonomisk) straf. Og ser på velfærdsstatens betydning herfor.\nKonklusion: Uformel straf voldsomi DK. Sociale ydelser mindsker dog denne, men den forsvinder ej. Marginaliseringen af personer, der ender i fængsel, sker lang tid før den faktiske kriminelle handling. Man kan ikke få job efter fængsel!\n\nLængde af indespærring har betydning! Lang fængselsophold -> voldsom uformel straf. Altså vs. Kling.", "publicationTitle": "Nordisk Tidsskrift for Kriminalvidenskab", "publisher": "", "place": "", "date": "2008", "volume": "95", "issue": "3", "section": "", "partNumber": "", "partTitle": "", "pages": "225-242", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "", "accessDate": "", "PMID": "", "PMCID": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "0000", "rights": "", "extra": "", "tags": [ { "tag": "Fængselseffekt" }, { "tag": "Godt citat" }, { "tag": "Kriminalitet og ledighed" }, { "tag": "Kriminalpræventiv socialpolitik" }, { "tag": "Kriminologiske undersøgelser/resultater" }, { "tag": "Ledighedseffekt" }, { "tag": "Uformel straf" } ], "collections": [], "relations": {}, "dateAdded": "2010-02-04T10:33:03Z", "dateModified": "2010-03-30T12:27:53Z" } }, { "key": "UUDJTHVS", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/UUDJTHVS", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/UUDJTHVS", "type": "text/html" } }, "meta": { "createdByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Merton", "parsedDate": "1936", "numChildren": 3 }, "data": { "key": "UUDJTHVS", "version": 1, "itemType": "journalArticle", "title": "The Unanticipated Consequences of Purposive Social Action", "creators": [ { "creatorType": "author", "firstName": "Robert K.", "lastName": "Merton" } ], "abstractNote": "", "publicationTitle": "American Sociological Review", "publisher": "", "place": "", "date": "1936", "volume": "1", "issue": "6", "section": "", "partNumber": "", "partTitle": "", "pages": "894-904", "series": "", "seriesTitle": "", "seriesText": "", "journalAbbreviation": "", "DOI": "", "citationKey": "", "url": "", "accessDate": "", "PMID": "", "PMCID": "", "ISSN": "", "archive": "", "archiveLocation": "", "shortTitle": "", "language": "", "libraryCatalog": "", "callNumber": "0000", "rights": "", "extra": "", "tags": [ { "tag": "Metode" }, { "tag": "Videnskabsteori" } ], "collections": [], "relations": {}, "dateAdded": "2010-02-04T10:33:03Z", "dateModified": "2010-03-30T12:27:51Z" } }, { "key": "TUKEPHDI", "version": 1, "library": { "type": "group", "id": 11135, "name": "Rockwool Fondens Forskningsenhed", "links": { "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed", "type": "text/html" } } }, "links": { "self": { "href": "https://api.zotero.org/groups/11135/items/TUKEPHDI", "type": "application/json" }, "alternate": { "href": "https://www.zotero.org/groups/rockwool_fondens_forskningsenhed/items/TUKEPHDI", "type": "text/html" } }, "meta": { "createdByUser": { "id": 15460, "username": "lillelos", "name": "Lars Højsgaard Andersen", "links": { "alternate": { "href": "https://www.zotero.org/lillelos", "type": "text/html" } } }, "lastModifiedByUser": { "id": 29937, "username": "PFallesen", "name": "", "links": { "alternate": { "href": "https://www.zotero.org/pfallesen", "type": "text/html" } } }, "creatorSummary": "Walker", "parsedDate": "1983", "numChildren": 9 }, "data": { "key": "TUKEPHDI", "version": 1, "itemType": "journalArticle", "title": "Some Problems in Interpreting Statistics Relating to Crime", "creators": [ { "creatorType": "author", "firstName": "Monica A.", "lastName": "Walker" } ], "abstractNote": "Om problemer ved at måle kriminalitet via registre (hvad anmeldes, hvad registreres?) Ikke vildt relevant, men dog en ok kritik af metodologien i offerundersøgelser.", "publicationTitle": "Blackwell Publishing for the Royal Statistical Society", "publisher": "", "place": "", "date": "1983", "volume": "146", "issue": "3", "section": "", "partNumber": "", "partTitle": "", "pages": "281-293", "series": "Journal of the Royal Statistical Society. 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Som alternativ fremhæves Chicagoskolen (pragmatisme+mikro). Altså empirisk forrang, dog med mikro som fokusområde. 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