This volume examines relations between elderly population growth and government spending. Chapters cover: life expectancy and health; saving for retirement and the role of 401(k) plans; demographic transition and housing values; and ageing in Germany and Taiwan.

Acknowledgments Introduction 1 David A. Wise 1: The Impact of the Demographic Transition on Government Spending 13 John B. Shoven, Michael D. Topper, David A. Wise. 2: Methods for Projecting the Future Size and Health Status of the U.S. Elderly Population 41 Kenneth G. Manton, Eric Stallard, Burton H. Singer. 3: Longer Life Expectancy? Evidence from Sweden of Reductions in Mortality Rates at Advanced Ages 79 James W. Vaupel, Hans Lundstrom. 4: 401(k) Plans and Tax-Deferred Saving 105 James M. Poterba, Steven F. Venti, David A. Wise. 5: Some Thoughts on Savings 143 Edward P. Lazear 6: Pension Plan Provisions and Retirement: Men and Women, Medicare, and Models 183 Robin L. Lumsdaine, James H. Stock, David A. Wise. 7: Demographics, the Housing Market, and the Welfare of the Elderly 225 Daniel McFadden 8: Aging in Germany and the United States: International Comparisons 291 Axel Borsch-Supan 9: Saving, Growth, and Aging in Taiwan 331 Angus S. Deaton, Christina H. Paxson. 10: Forecasting Nursing Home Utilization of Elderly Americans 365 Andrew Dick, Alan M. Garber, Thomas A. MaCurdy. 11: Policy Options for Long-Term Care 395 David M. Cutler, Louise M. Sheiner. Contributors 443 Author Index 447 Subject Index 451