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14. Ag 4:Ec7
ECONOMICS OF AGING: TOWARD A FULL

SHARE IN ABUNDANCE

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Printed for the use of the Special Committee on Aging

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U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1969

32-346

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 - Price $1.25

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HARRISON A. WILLIAMS, JR., New Jersey, Chairman ALAN BIBLE, Nevada

EVERETT MCKINLEY DIRKSEN, Illinois FRANK CHURCH, Idaho

WINSTON L, PROUTY, Vermont JENNINGS RANDOLPH, West Virginia HIRAM L. FONG, Hawaii EDMUND S. MUSKIE, Maine

JACK MILLER, Iowa FRANK E. MOSS, Utah

CLIFFORD P. HANSEN, Wyoming EDWARD M. KENNEDY, Massachusetts GEORGE MURPHY, California RALPH YARBOROUGH, Texas

PAUL J. FANNIN, Arizona STEPHEN M. YOUNG, Ohio

EDWARD J. GURNEY, Florida WALTER F. MONDALE, Minnesota

WILLIAM B. SAXBE, Ohio VANCE HARTKE, Indiana

WILLIAM E. ORIOL, Staff Director

John GUY MILLER, Minority Staff Director
DOROTHY MCCAM MAN, Consultant, Economics of Aging: Toward a Full Share

Abundance"

Part 1. Survey Hearing. Washington, D.C., April 29–30, 1969
Part 2. Consumer Aspects, Ann Arbor, Mich., June 8, 1969
Part 3. Health Aspects, Washington, D.C., July 17-18, 1969
Part 4. Homeownership Aspects, Washington, D.C., July 31-Aug. 1, 1969
Part 5. Central Urban Area, Paramus, N.J., July 14, 1969
Part 6. Retirement Community, Cape May, N.J., July 15, 1969
Part 7. International Perspectives, Washington, D.C., July 25, 1969
Part 8. Health Aspects, New York City, October 15, 1969
(Additional hearings anticipated but not scheduled at time of this printing)

(II)

CONTENTS

Page

1

Opening statement by Senator Harrison A. Williams, chairman..

CHRONOLOGICAL LIST OF WITNESSES

TUESDAY, APRIL 29, 1969

Summary by task force members:

Kreps, Juanita M., professor of economics, Duke University

Sheppard, Harold L., staff social scientist, W. E. Upjohn Institute

for Employment Research..

Schulz, James H., associate professor of economics, University of New

Hampshire.-

Brewster, Agnes W., consultant on medical economics..

Ball, Robert M., Commissioner of Social Security; accompanied by Mrs.

Lenore E. Bixby, director, division of retirement and survivor studies;

and Mrs. Dorothy P. Rice, chief, health research branch -

Hutton, William R., executive director, National Council of Senior Citi-

zens; Theodor Schuchat, retirement editor, North American Newspaper

Alliance; Charles C. Fichtner, member of legislative council, American

Association of Retired Persons and National Retired Teachers Associa-

tion; Edwin S. Shelley, president, National Council on the Aging; William

Greenough, chairman, Teachers Insurance and Annuity Association of

America, College Retirement Equities Fund; and Othie G. Burk, vice

president, National Association of Retired Civil Employees.

Schuchat, Mr.

Fichtner, Mr.

Shelley, Mr.

Greenough, Mr.

Burk, Mr.

Roundtable discussion...

Summary statements:

Dr. Schulz.

Mr. Hutton.--

Mr. Fichtner..

Mr. Schuchat-

Mrs. Mathiasen.

Mr. Burk.

Dr. Sheppard.

Dr. Kreps.

WEDNESDAY, APRIL 30, 1969

Schottland, Charles I., dean, Florence Heller Graduate School for Ad-

vanced Studies in Social Welfare, Brandeis University

Pechman, Joseph A., director of economic studies, Brookings Institution;

accompanied by Henry Aaron, senior fellow, Brookings Institution; and

Michael Taussig, assistant professor of economics, Rutgers University --

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ROUNDTABLE BY FEDERAL PERSONNEL Brotman, Herman B., Administration on Aging; Louis Ravin, Depart

ment of Labor; John R. Stark, U.S. Joint Economic Committee;
Lenore Epstein Bixby, Mollie Orshansky, and Dorothy P. Rice, Social
Security Administration..

Mr. Brotman.
Mr. Ravin.
Mr. Stark.
Mrs. Bixby
Miss Orshansky

Mrs. Rice..
Panel discussion...

Page 123 124 128 131 133 136 140 142

149

229

231 231

237

238

243

250

250 253

APPENDIXES
Appendix 1. Economics of Aging: Toward A Full Share in Abundance,

Facts and Findings-
Appendix 2. Senator Williams' letter of April 24, and letter of reply by

Secretary Robert H. Finch of April 25--.
Appendix 3. Additional Material from Witnesses:

Item 1. Ball, Robert M., Social Security Administration, Department
of Health, Education, and Welfare ---

Exhibiť A. Responses to questions from the chairman..
Exhibit B. Responses from Commissioner Ball to questions sub-

mitted by Senator Miller----
Exhibit C. Responses from Commissioner Ball to questions by

Senator Prouty as submitted by Senator Miller..
Item 2. Herman B. Brotman, chief, Research and Statistics, Division

of Program and Legislative Analysis, Social and Rehabilitation
Service, Administration on Aging, Department of Health, Educa-

tion, and Welfare...
Item 3. Dr. Joseph A. Pechman, Director of Economic Studies, the
Brookings Institution, Washington, D.C.---
Exhibit A. Responses from Dr. Pechman to questions from the

chairman.

Exhibit B. Brookings Research Report 94.
Item 4. Lenore E. Bixby, Director, Division of Retirement and Sur-

vivor Studies, Office of Research and Statistics, Social Security

Administration.
Item 5. Mollie Orshansky, Division of Economic and Long-Range

Studies, Office of Research and Statistics, Social Security Admin

istration.Item 6. Mrs. Dorothy P. Rice, Chief, Health Insurance Branch, Divi

sion of Health Insurance Studies, Office of Research and Statistics,

Social Security Administration.--
Appendix 4. Letters from Individuals and Organizations:

Bechill, William D., associate professor of social work and chairman,

Social Policy Sequence, School of Social Work, University of Mary

land.
Folsom, Marion B., Toronto, Ontario, May 28, 1969.
Eckstein, Otto, Department of Economics, Harvard University, Cam-

bridge, Mass., May 2, 1969.-
Gallaway, Lowell E., professor of economics, Ohio University
National Association of Manufacturers, statement-
Jackson, Jacquelyne J., assistant professor of medical sociology, Duke

University Medical Center, Durham, N.C., June 5, 1969.--
Krislov, Joseph, professor, University of Kentucky, Lexington, Ky.,

May 20, 1969
McClung, Nelson, Deputy Executive Director, President's Commission

on Income Maintenance Programs, May 27, 1969.
Seidman, Bert, director, Department of Social Insurance, AFL-CIO,

Washington, D.C., May 26, 1969.--

264

284

292

297 299

305 306 310

313

315

316

317 Page 320

321

322

Appendix 4. Letters from Individuals and Organizations-Continued

Murray, Roger F., Teachers Insurance and Annuity Association of

America, College Retirement Equities Fund, New York, May 29,

1969..
Oates, James F., Jr., the Equitable Life Assurance Society of the

United States, New York, May 29, 1969-
Ottman, Richard F., Acting Assistant Director, Office of Economic

Opportunity, Executive Office of the President, May 21, 1969----
Reuther, Walter P., president, International Union, United Auto-

mobile, Aerospace & Agriculture Implement Workers of America,

UAW, statement.-
Rimlinger, Gaston V., professor of economics, chairman, Rice Uni-

versity, Houston, Tex., May 28, 1969.-
Tilove, Robert, Martin É. Segal Co., New York, June 2, 1969-
Young, Whitney M., Jr., executive director, National Urban League,

Inc., New York, May 23, 1969--
Lindsay, Inabel B., DSW member, part-time professional and execu-

tive corps, HEW, chairman, committee on individual and family
services, National Urban League, statement-

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329 330

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331

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