?> 2010 – Publication Years – MRDRC

» Publications

Incorporating Heterogeneity into Default Rules for Retirement Plan Selection

This paper examines the effect of incorporating individual-level heterogeneity into default rules for retirement plan selection. We use data from a large employer that transitioned from a defined benefit (DB) plan to a defined contribution (DC) plan, offering existing employees…

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State Wage-Payment Laws, the Pension Protection Act of 2006, and 401(k) Saving Behavior

I show that state wage-payment laws, which forbid deductions from wages and salaries without the written permission of the employee, constituted a binding constraint on firms’ choices to adopt automatic enrollment in 401(k) plans prior to 2006. Since the passage…

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The Limitations of Defaults

Slides only, no abstract available.

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Accounting for non-annuitization

Why don't people buy annuities? Several explanations have been provided by the previous literature: large fraction of preannuitized wealth in retirees' portfolios; adverse selection; bequest motives; and medical expense uncertainty. This paper uses a quantitative model to assess the importance…

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Personality, Lifetime Earnings, and Retirement Wealth

The Health and Retirement Study (HRS) presents an unparalleled opportunity to study the association of personality with lifetime economic success. The linkage of HRS survey data with administrative data from the Social Security Administration allows us to look at well-measured…

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The Treatment of Married Women by the Social Security Retirement Program

It is generally accepted that the Social Security program pays to women a higher average ratio of lifetime benefits to lifetime taxes than it does to men. Social Security’s progressive benefit structure and payment of benefits as an annuity combine…

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Medicaid Crowd-Out of Long-Term Care Insurance with Endogenous Medicaid Enrollment

With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating…

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The Asset Cost of Poor Health

This paper examines the correlation between poor health and asset accumulation for households in the first nine waves of the Health and Retirement Survey. Rather than enumerating the specific costs of poor health, such as out of pocket medical expenses…

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Cognitive Ability and Retiree Health Care Expenditure

Slides only, no abstract available.

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Special Session: Information on Data.Gov: Data in the Open Government Environment

Slides only, no abstract available.

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