UM10-01: The Labor Supply Effects of Disability Insurance Work Disincentives: Evidence from Administrative Data

The Social Security DI program has long been thought to impose strong work disincentives.  Nevertheless, its causal effect on labor supply has been difficult to estimate. Using a quasi-experimental research design that exploits the fact that DI benefits are payable…

UM10-02: The Social Security Early Retirement Benefit as Safety Net

This project will use the Health and Retirement Study to examine the health and economic status of those who collect Social Security early retirement benefits and will predict their behavioral reaction to an increase in the Early Entitlement Age or…

UM10-03: Analysis of Policy Options for Older Workers Experiencing Work-Limitation Onset

This project proposes to use data from the War Baby cohort (born 1942-1947) of the Health and Retirement Study to extend our previous work using the original cohort (born 1931-1941) comparing household income trajectories for workers who experience disability onset…

UM10-04: Consistency of the Disability Determination Process and Labor Supply Outcomes

Consistency in the disability determination process is important for ensuring accuracy and equity in the provision of Social Security Disability Insurance benefits. Using SSA administrative data on DI applications, we propose to examine the link between variation in the award…

UM10-05: The Effect of Disability and Disability Insurance on Spousal Labor Supply

Thus research project proposes to improve our understanding of the work disincentive effects of the Social Security Disability Insurance Program (SSDI) on households. Previous studies of the effects of SSDI have generally focused on applicants to the program and have…

UM10-08: Cognitive Function and Financial Knowledge: A Human Capital Approach

This project builds on previous work (Delavande, Rohwedder and Willis, 2008) that develops a formal model of financial knowledge accumulation and establishes evidence on the role of cognition in financial knowledge, using rich data from the Cognitive Economics (CogEcon) survey.…

UM10-09: Mortgage Distress of the Elderly: How Strong are Family Ties?

The recent financial crisis finds many households, in particular, older households, in a precarious situation. Debt, including mortgage debt, is now much more common for the elderly. This proposal would use Panel Study of Income Dynamics (PSID) data to examine…

UM10-10: Borrowing from Yourself: The Determinants of 401(k) Loan Patterns

This project proposes to evaluate the economic rationale for 401(k) plan loans and the empirical determinants of loan patterns. We will show how plan design and participant characteristics contribute to borrowing from one’s pension, as well as default and repayment…

UM10-11: Financial Literacy, Short-run Impatience, and the Determinants of Savings and Financial Management

Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. The first is that people are financially illiterate, lacking the skills needed to calculate expected returns or present discounted values which may cause them to make…

UM10-12: Financial Knowledge And Financial Literacy At The Household Level

Financial preparation for retirement is a household decision. Measures of imperfect knowledge about pensions and Social Security can be constructed with data from the Health and Retirement Study, including frequencies of don’t know responses, resort to brackets instead of continuous…

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