retirement

According to a 2005 U.S. Department of Health and Human Services report, nursing homes in the United States in 1999 cost an average of $47,000 per year, with costs rising each year. Choosing a course of care for an elderly family member is both a financial decision and an emotional one. A business and economics professor at Washington University in St. Louis is using game theory to understand these long-term care decisions. More…

It’s not just social security and health-care that could be adversely affected when the baby boomers leave the workforce; the stock market could go into shock as well. According to research at the Olin School of Business at Washington University in St. Louis, when people retire, they tend not invest as much they did in their younger years. With the boomer generation starting to pull out of the workforce, Wall Street is bound to feel the blow. More…

The Bush administration’s plan to push through health savings accounts is limited in how much it can lower healthcare costs, according to a business professor in the Olin School of Business at Washington University. He says that health savings accounts could work for some things – if the relationship between most doctors and patients changes, and if there were greater acceptance of the variety of ways to keep people healthy. More…

RichardsWhether it happens this summer or some time in the future, there will eventually be changes in the personnel of the U.S. Supreme Court. Neil Richards, former law clerk for Chief Justice William H. Rehnquist and associate professor of law at Washington University in St. Louis, is available to comment on the possible retirement of current Justices and the future of the Supreme Court. “Recent speculation has centered largely on the potential effect of a retirement by one of the Justices,” he says.”The course of the Court’s jurisprudence may well be at stake depending on the justice or justices who step down from the bench.”