The Impacts of the Social Security Statement on Peoples’ Knowledge and Behavioral Intentions

Social Security information can be complex but crucial for financial planning. The redesigned Social Security statement aims to better inform the public. We plan to assess the impact of the redesign on people’s understanding of Social Security, their interest in…

Read more

The Relationship Between Adverse Experiences Over the Life Course and Early Retirement Due to Disability

A growing body of research implicates life span adversity in later-life outcomes. We use data from the Life History Mail Survey (LHMS) with data from the Health and Retirement Study (HRS) core surveys to examine the relationship between adverse experiences…

Read more

Heterogeneity in Household Spending and Well-being Around Retirement

We study heterogeneity in spending patterns around the time of retirement. Using rich consumption data from the Panel Study of Income Dynamics, and exploiting within-household spending variation, we systematically classify households into groups characterized by differences in consumption transitions at…

Read more

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

The COVID-19 pandemic has had enormous effects on the U.S. economy and may have had serious negative repercussions for many Americans’ financial stability. We use longitudinal survey data from a nationally representative internet panel, the Understanding America Study, to examine…

Read more

Understanding Racial Disparities in Financial Preparedness for Retirement

To understand racial disparities in retirement age and financial preparedness, we construct a model of labor supply, retirement, and savings over the life cycle where all parameters, including preferences for time and risk and the stochastic processes of marriage, fertility,…

Read more

Work and Retirement for Older Black and Hispanic Adults

Growing United States income inequality and the increasing aging of Black and Hispanic populations point to greater risks of financial insecurity for older populations in coming years. Research on retirement determinants for Blacks and Hispanics is limited. We propose to…

Read more

Underfunded Public Sector Pension Plans, Social Security Participation, and the Retirement Decisions of Public Employees

I analyze the effects of public pension parameters, Social Security coverage, and state pension fund sustainability on the retirement of public employees. I use data from the Health and Retirement Study, including personal early and normal retirement eligibility and state…

Read more

Public Pension Design and Household Retirement Decisions: A Comparison of the United States and Germany

Social Security provides retirement benefits to age-eligible workers and their spouses. Benefits are permanently increased if initial receipt is delayed. For benefits paid to spouses, these incentives reflect a complex interaction of the worker’s and spouse’s earnings histories, benefit claiming…

Read more
1 2 3 29