To search exact terms or phrases, such as project ID, wrap your search in quotes. Example: "UM24-02" or "ethnic disparities"
2007
2007 RRCAnnual MeetingsConference Papers
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is not clear whether phasing...2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
This paper provides a method for validating, and distinguishing between, different life-cycle models of consumption and labor supply. We derive qualitative predictions for two prominent life-cycle model formulations – having non-separable and separable in consumption...2007
2007 RRCAnnual MeetingsConference Papers
We estimate the magnitude of any direct effect of retirement on health. Since retirement is endogenous to heath, it is not possible to estimate this effect by comparing the health of individuals before and after they retire. As an alternative we will use institutional...2007
2007 RRCAnnual MeetingsConference Papers
Many Social Security reform proposals recommend increasing the age at which people become eligible for Social Security retirement benefits as a way to reduce future expenditures, maintain benefit adequacy in light of other benefit cuts, and increase labor supply. But...2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
We report on our preliminary findings from an innovative module of survey questions in the RAND American Life Panel designed to measure willingness to delay take-up of Social Security benefits. Among respondents who expect to stop working full time prior to turning...2007
2007 RRCAnnual MeetingsConference Papers
This paper examines income and consumption based measures of poverty for those 65 and over between 1972 and 2004. This study contributes to the existing literature on poverty in several ways. First, we construct consumption based measures of poverty that improve upon...2007
2007 RRCAnnual MeetingsConference Papers
We study the relative importance of market governance and non-market governance in retirement investments using a sample of variable annuities. Variable annuity investors are significantly less sensitive to performance and fees than mutual fund investors. Consistent...2007
2007 RRCAnnual MeetingsConference Papers
The shift in pension coverage from defined benefit plans to 401(k)s has been underway since 1981. This shift was the result of three developments: 1) the addition of 401(k) provisions to existing thrift and profit sharing plans; 2) a surge of new 401(k) plans in the...2007
2007 RRCAnnual MeetingsConference Papers
Existing research has documented the large impact that automatic enrollment has on savings plan participation. All the companies examined in these studies, however, have combined automatic enrollment with an employer match. This raises a question about how effective...2007
2007 RRCAnnual MeetingsConference Papers
2007
2007 RRCAnnual MeetingsConference Papers
The covariance between US Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953— 2005, it was particularly high in the early 1980’s and negative in the early 2000’s. This paper specifies...2007
2007 RRCAnnual MeetingsConference Papers
We derive the optimal portfolio choice over the life-cycle for households facing labor income, capital market, and mortality risk. In addition to stocks and bonds, households also have access to incomplete annuity markets offering a hedge against mortality risk. We...2007
2007 RRCAnnual MeetingsConference Papers
This paper focuses on the effects that children have on life-cycle wealth accumulation. We start examining the effects of children using a simple permanent income model with no uncertainty and complete markets. But this framework does not come close to matching the...2007
2007 RRCAnnual MeetingsConference Papers
The level of fertility in a population is the principal determinant of the shape of its age structure, which in turn is a critical factor in the terms of trade within a pay-as-you-go system of public pensions. Fertility has fallen below the replacement level of 2.08...