Project Category: pensions

Abstract: This research compares the retirement choices and economic well-being of public sector employees who are covered by Social Security to those who are uncovered. I use a data set of public employees from 12 waves of the HRS that includes detailed pension...

Insuring retirement security is an important challenge for our aging society. Accordingly, policymakers are interested in a range of policies to help individuals save more for retirement on their own. One reform currently being tested is for specific states to provide...

State and local government pension plans cover about 19.5 million participants, and many participants are heavily reliant on these pensions for retirement income. Yet, most plans are underfunded. This proposed research will quantify how many Americans are entitled to...

Using data from the Health and Retirement Study (HRS) and the Medicare Current Beneficiary Survey (MCBS), we estimate the stochastic process for total medical spending and its components.  By focusing on dynamics, we consider not only the risk of catastrophic expenses...

The US incentivizes retirement saving in 401(k) and similar retirement accounts by permitting workers to defer taxes on contributions; taxes are then levied only when retirees withdraw their funds. Yet the Treasury foregoes over $100B/year due to tax-deferred...