Gendered Impacts of COVID-19 on Economic and Retirement Security

The COVID-19 pandemic had severe impacts on the U.S. labor market with particularly large effects on working women. We use longitudinal survey data from a nationally representative internet panel to (1) document the pandemic’s gendered effects on employment and short-term…

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Understanding Racial Disparities in Financial Preparedness for Retirement

We estimate a model of labor supply and savings over the life cycle where key parameters — including the interest rate, the degree of risk aversion and the fixed cost of working, and the stochastic processes of health, mortality, and…

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The Ongoing Impacts of COVID-19 on Americans’ Economic Security

The COVID-19 pandemic has had enormous effects on the U.S. economy. We use longitudinal survey data from a nationally representative Internet panel, the Understanding America Study, to examine the impacts of the pandemic, and policy responses, on Americans’ financial stability…

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Enhancing the RAND HRS CAMS Public Use File

In 2001 the Health and Retirement Study launched a supplementary survey, the Consumption and Activities Mail Survey (CAMS).  CAMS is a biennial survey of a random subsample of HRS participants. Its purpose is to collect detailed information on household spending.…

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The House: Is it an Asset or a Liability?

This project will investigate rising housing debt and the capacity to sustain post-retirement consumption.  Housing debt may leave many households, especially women, minorities, and households with low socioeconomic status, with inadequate retirement resources.

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Saving Regret in the Wake of the COVID-19 Pandemic

Prior to the COVID-19 pandemic, saving regret — defined as the wish to have saved more and spent less earlier in life — was reported by 58% of the older U.S. population. And, the reports were strongly related to the…

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Equity Implications of the Rising Full Retirement Age and Social Security Communications: An Analysis of Past and Future Disparities in the Economic Security of Retirees

The Social Security Amendments of 1983 raised the Full Retirement Age (FRA), the age at which claimants receive an unreduced monthly benefit, from 65 to 67. However, this change was set to be gradually implemented, with the first increase from…

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The Enduring Impacts of COVID-19 on Americans’ Economic and Retirement Security

This project builds on our previous work by using newly collected data to examine how Americans’ economic and retirement security have changed during the first two years of the COVID-19 pandemic. Our analysis will examine (1) how the long duration…

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Inflation and Economic Security of the Older Population

Following a long period when inflation was about 2.5% per year, the year-to-year increase in the consumer price index was recently reported to be about 8%. The older population, being net lenders, is economically vulnerable to high and increasing inflation…

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Racial and Ethnic Disparities in the Effects of COVID-19 on Job Separation and Financial Precarity

Drawing on Health and Retirement Study data collected in 2021, we will examine racial differences in the COVID-19 pandemic’s consequences on financial security. We hypothesize that, relative to their white counterparts, Black and Hispanic older workers were more likely to…

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