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It’s as if somewhere along the way, the Baby Boomers burned the guidebook for what you’re supposed to achieve when, and the generations to follow have been making up their own rules.This is also a personal obsession of mine — ever more so as I get older.The study also examines its effect on the health of young children living with the pension beneficiaries.
Pipher writes, "Younger and healthier adults often avoid spending time around the aging because they want to avoid the issues of mortality and loss of independence" (Pipher).
The younger adults believe that being around older individuals will cause them to lose vivacity, which is completely ridiculous and outlandish.
The dissertation consists of two studies on decision making of the elderly in India and the United States.
The first study uses data from the India Human Development Survey (IHDS), a nationally representative survey in India, to examine the effect of pension on the health and labor market decisions of individuals above 50 years.
I also examine the effect of home equity on portfolio allocation of these individuals.
Following earlier literature, I de fine home equity as the difference between self-reported property value and mortgage, and use the zip code level housing prices to examine the causal relationship between home equity and risk aversion.
The results suggest that an increase in home equity decreases risk aversion, but the effect is not significant.
Mark Twain once said, "Age is an issue of mind over matter.
If you don't mind, it doesn't matter." Unfortunately, societies throughout the world let it matter.
In today's culture, humans will go to extraordinary lengths to try and postpone the physical effects of aging.