?> 2005 – Publication Years – MRDRC

Retirement, Saving, Benefit Claiming and Solvency Under a Partial System of Voluntary Personal Accounts

  • June 14, 2018
  • Uncategorized

This paper is based on an econometric model of retirement and saving, estimated with data for a sample of married men in the Health and Retirement Study. The model simulates how various features of a system of personal Social Security…

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Why Not Retire? The Time and Timing Costs of Market Work

  • June 14, 2018
  • Uncategorized

Retirement ages among older Americans have only recently begun to increase after their precipitous fifty-year decline. Early retirement may result from incentives provided by retirement systems; but it may also result from the rigidities imposed by market work schedules. Using…

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Social Security Solvency: A Crisis?

  • June 14, 2018
  • Uncategorized

Social Security has become a topic of national conversation; politicians and news media are widely discussing the need for, and possible shape of, Social Security reform. The basic factors leading to the necessity of policy change are evident: fertility has…

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Technological Progress and Worker Productivity at Different Ages

Economists have long thought of technological progress as a primary determinant of rising living standards over time. One might think of technological progress as increasing the "effectiveness" of labor, thereby raising the amount of output that each unit of labor…

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