2002 – Publication Years

Wealth Shocks and Retirement Timing: Evidence from the Nineties

June 14, 2018
Retirement

This paper explores whether the timing of retirement responds to unexpected changes in wealth. Although the normality of leisure is a standard assumption in economic models, econometric support for it has not been consistent. The period of the 1990s allows…

The Retirement Behavior of Federal Civil Service Workers

June 14, 2018
Behavioral economics, Financial well-being, Retirement, retirement savings

We examine the retirement behavior of federal civil service workers. This research contributes to the literature that more generally examines how retirement behavior responds to financial incentives. The civil service workers in our study provide an interesting case study because…

The New Social Security Commission Personal Accounts: Where is the Investment Principal?

June 14, 2018
Retirement, Social Security

The President’s Commission to Strengthen Social Security suggests three plans for reforming Social Security. These plans divert various amounts of the payroll tax to a personal account if the worker chooses to participate in the account. In return, Social Security…

Wealth Shocks and Retirement Timing: Evidence from the Nineties

June 14, 2018
Retirement

Ensuring Time-Series Consistency in Estimates of Income and Wealth

June 14, 2018
Health and Retirement Study

In the past decade, researchers have made substantial improvements to survey questions that allow them to obtain more accurate information from survey respondents about income and wealth. However, changing survey questions--even for the better--can create problems. For example, if we…

The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth

June 14, 2018
Financial well-being, Health, Health and Retirement Study, Retirement, Social Security

This paper specifies and estimates a structural life cycle model of retirement and wealth and applies that model both to understand the role of the social security early entitlement age in creating a peak in retirements at age 62, and…

Transition Paths and Social Security Reform

June 14, 2018
Social Security reform

The Welfare Implications of Increasing DI Benefit Generosity

June 14, 2018
Disability, Disability insurance

The empirical literature on DI has primarily focused on the impact of program parameters on caseload growth or reduced labor force attachment. The focus on the efficiency costs of DI provides a misleading view of the social desirability of the…

» Publications

Wealth Shocks and Retirement Timing: Evidence from the Nineties

The Retirement Behavior of Federal Civil Service Workers

The New Social Security Commission Personal Accounts: Where is the Investment Principal?

Wealth Shocks and Retirement Timing: Evidence from the Nineties

Ensuring Time-Series Consistency in Estimates of Income and Wealth

The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth

Transition Paths and Social Security Reform

The Welfare Implications of Increasing DI Benefit Generosity

Findings on Individual Account Guarantees

Defined Benefit Pension Plans: A Stochastic Dynamic Programming Approach