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One of the most well-established relationships in the economics of aging is that between health and wealth. Yet this relationship is changing in conjunction with a rapidly aging population as well as a broad evolution in how people live later in life. Building on findings from earlier volumes in this series, "Investigations in the Economics of Aging" focuses on the changing financial circumstances of the elderly and the relationship of these circumstances to health and health care. Among the topics addressed are out-of-pocket health care costs, the effects of inflation on social security, and the impact of the recent financial crisis on Americans' well-being.
David A. Wise is the John F. Stambaugh Professor of Political Economy at the Kennedy School of Government at Harvard University. He is the area director of Health and Retirement Programs and director of the program on the economics of aging at the NBER.