Ricerc@Sapienza

As population in advanced countries ages, the welfare of elderly individuals and their ability to maintain consumption and a healthy life after retirement become important policy issues. Due to population aging, demand for long-term care is expected to rise. However, the costs of pensions, healthcare and other elderly support programs pose serious concerns for public budgets. Understanding the timing of retirement, consumption and saving decisions in later stages of life is of the utmost importance for policymakers. In this project, we aim to understand the unequal effects of pension and health policies on men and women building on a collective choice model in which household's decisions are the result of bargaining between partners.