2018

UM18-08: Relative Sizes of Age Cohorts & Employment and Labor Force Participation of Older Workers

This research explores how changes in the relative sizes of different age cohorts affect older workers’ employment. It is prompted by the question: Does the relative scarcity of younger workers boost demand for older workers? Evidence on how employment of…

UM18-09: Using Consequence Messaging to Improve Understanding of Social Security

In this proposal, we develop “consequence messaging” — a new behaviorally motivated communication strategy in which we use vignettes to explain the consequences of decisions to people. The vignettes take the form of videos. We propose to study two related…

UM18-10: Addressing Social Security’s Solvency While Promoting High Labor Force Participation

A number of proposals and options to address OASI trust-fund solvency have been suggested in recent years. The present work attempts to examine a subset of commonalities from these proposals from the standpoint of economic efficiency — that is, from…

UM18-Q1: Social Security Coverage Around the World

We will analyze the population covered by social security programs in China, India and Mexico using surveys in the HRS family. We will answer the following questions: 1) Who is covered by social security programs? We will study the coverage…

UM18-Q2: Declining Labor Force Participation in the USA

We will produce a comprehensive review of literature investigating the causes of the recent decline in the age-adjusted labor force participation rate. The review will include works from the academic literature as well as the gray literature from research institutes…

UM18-Q3: Addition to the RAND HRS Longitudinal Files: IRA Withdrawals in the HRS, 2000-2016

IRAs are widely held: 54 percent of married persons and 32 percent of single persons reported owning such accounts. Withdrawals from IRAs could be an important financial resource to fund consumption in retirement. Even though data on such withdrawals has…

UM18-Q4: Assessing Economic Resources in Retirement: The Role of Withdrawals from Tax-Advantaged Retirement Accounts

Tax-advantaged saving is an important resource to finance consumption in retirement. In a DB world, contributions from pensions can be assessed in household surveys because they typically provide a regular stream of income. An assessment in a DC world is…

UM18-Q5: A Meta-Analysis of the Decline in the Labor Force Participation Rate

This project explores the causes behind the recent decline in the Labor Force Participation (LFP) rate. The analysis will examine the evolution of the LFP rate for different demographic groups to gauge the effect of demographic changes. An integral part…

2017

UM17-01: Social Insurance and Risks and Insurance Over the Life Cycle for Singles & Couples

This project aims at estimating a model including single and married people over the life cycle in which single people meet partners and experience labor-productivity shocks, medical-costs shocks during retirement, and life-span risk. Married people also experience divorce risk. Households…

UM17-02: Cognition, Health, Employment, and Wages Near Retirement in England

This project will estimate the effect of cognition and physical health on labor supply and wages for England and the U.S. Using the English Longitudinal Study of Ageing and the Health and Retirement Study, we will: (i) estimate how physical…