?> 2010 – Publication Years – MRDRC

Post-Retirement Adjustments in Defined Benefit Pensions

Few private defined benefit pension plans commit to indexing benefits after a worker begins receiving them.  Previous (now dated) research found that most plans did, nonetheless, make "voluntary" adjustments, which compensated for roughly 40 percent of the price increases experienced…

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Framing Social Security Reform: Behavioral Responses to Changes in the Full Retirement Age

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for…

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Intergenerational Transfers in the Health and Retirement Study Data

Many economic analyses of public policy issues are based upon the life-cycle model of household behavior. The usual formulation omits private intergenerational transfers. This paper considers the possibility of a more sophisticated formulation that includes the latter. We examine 1992-2008…

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Reconciling Findings on the Employment Effect of Disability Insurance

Over the last 25 years the Social Security Disability Insurance Program (DI) has grown dramatically. During the same period of time employment rates for men with work limitations showed substantial declines in both absolute and relative terms. While the timing…

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The Social Security Early Retirement Benefit as Safety Net

In this paper we used the Health and Retirement Study to examine the health and economic status of those who collect Social Security retirement benefits prior to the full retirement age. We used a propensity score reweighting method to estimate…

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Occupational Learning, Financial Knowledge, and the Accumulation of Retirement Wealth

This study explores the relationship between general human capital investment, financial knowledge, occupational spillovers, and the accumulation of wealth in a primarily descriptive manner. Drawing upon human capital theory and following previous related work by Delavande, Rohwedder and Willis (2008),…

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