The research aimed to develop and test models of household savings and labour supply to evaluate how reforms to social insurance schemes would impact household behaviour, household well-being, inequality and the public finances. There was no primary data collected as part of the grant. The materials uploaded consist of code to reproduce analysis and open licence secondary data. The 1332-6709-1-SP folder contains the supplementary material for Crawford, R. & O'Dea, C, "Household Portfolios and Financial Preparedness for Retirement" work. The HealthAffairsPaper.7z contains the replication materials supporting the project French EB, McCauley J, Aragon M, Bakx P, Chalkley M, Chen SH, et al. End-of-life medical spending in last twelve months of life is lower than previously reported. Health Aff (Millwood). 2017;36(7). The inheritances_report consists of the dofile "MasterReplication.do" required to re-create the results of the report “Inheritances and inequality over the life cycle: what will they mean for younger generations?”. The data sources used are the End-user-license versions of the English Longitudinal Study of Aging and the ONS Wealth and Assets Survey data. These data are available to download from the UK Data Service Website. The only non-publicly available data used here are a series of estimates made using the Longitudinal Study and exported from the Secure Research Service (SRS). These are available from the authors on request and with permission of the SRS. The authors' are happy to give guidance in how to access the data used in the project. The IntergenAltruismPaper contains the supplementary materials for "Intergenerational Altruism and Transfers of Time and Money: A Lifecycle Perspective" by Uta Bolt, Eric French, Jamie Hentall MacCuish and Cormac O'Dea. All relevant data can be downloaded from the UK Data Service: NCDS - https://beta.ukdataservice.ac.uk/datacatalogue/series/series?id=2000032; UKTUS - https://beta.ukdataservice.ac.uk/datacatalogue/series/series?id=2000054; ELSA - https://beta.ukdataservice.ac.uk/datacatalogue/studies/study?id=5050 and Family Expenditure Survey - https://beta.ukdataservice.ac.uk/datacatalogue/series/series?id=200016. The JHR_BlundellBrittonCostaDiasFrench contains the files for "The impact of health on labor supply near retirement" by Richard Blundell, University College London, Jack Britton, Institute for Fiscal Studies, Monica Costa Dias, Institute for Fiscal Studies and Eric French, University College London. The LifetimeMedicalSpending contains the code and results used in "The Lifetime Medical Spending of Retirees". Tables 1&2 are produced by the contents of the "healthtrans" directory. The operative file is "life_exp_couples3.gau", which runs in GAUSS. (c_elifeMCs.m is Matlab code that performs the same calculations for a given household configuration, but it does not produce the summary tables.) The output resides in "life_exp_couples3_021118b.out". Look for the bottom instance of the phrase "Life Expectancy Tables". The results for the oldest survivor lie to the far right of the panel for couples. Finally the MediationPaper consists of the supplemnetary materials for "The Intergenerational Elasticity of Earnings: Exploring the Mechanisms" by Uta Bolt, Eric French, Jamie Hentall MacCuish, and Cormac O'Dea Details of what each of the flders contain are in the respective ReadMe files.The provision of 'social insurance' (the benefits governments pay to those who are ill, unemployed, disabled, poor or old), accounts for more government expenditure than any other category of public spending. This social insurance is potentially valuable to all households, not just those receiving those benefits at a given point in time. It ensures that, should households find themselves in difficult circumstances, they will be shielded from extremely low living standards. However, the provision of social insurance also brings costs. These costs are both direct (e.g. the financial cost of the transfers) and indirect (e.g. the provision of benefits reduces the incentives to work and save). Balancing these costs and benefits is a challenge for policy-makers. Our proposed research will develop and test models of household savings and labour supply to evaluate how reforms to social insurance schemes would impact household behaviour, household well-being, inequality and the public finances.
No data collection. Secondary data analysis.
