?> 2013 – Publication Years – MRDRC

The Assets and Liabilities of Cohorts: The Antecedents of Retirement Security

This paper uses repeated cross-sectional data from the Surveys of Consumer Finances (SCF) to characterize cohort patterns of net worth and debt of American households.  Cohort patterns provide a useful benchmark for identifying potentially vulnerable households based on relative financial…

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Expectations and Household Spending

We estimate the effect of expectations about unemployment on household spending using high-frequency panel data from the RAND American Life Panel.  The data were collected during the Great Recession and its aftermath, a time of great economic uncertainty. We use monthly…

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Does Retirement Induced through Social Security Pension Eligibility Influence Subjective Well-being? A Cross-Country Comparison

How does retirement influence subjective well-being? Some studies suggest retirement does not affect subjective well-being or may improve it. Others suggest retirement adversely affects it. This paper aims at advancing our understanding of the effect of retirement on subjective well-being by (1)…

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What Do Data on Millions of U.S. Workers Say About Life Cycle Income Risk?

This paper sheds new light on individual labor income risk using a unique and confidential dataset from the Social Security Administration on individuals' earnings histories. The substantial sample size allows us to cut the data in different and novel ways…

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Health Insurance and Retirement Decisions

We develop a rich model to study the complex interrelationship between health insurance and retirement decisions. The decision to retire depends on a number of factors including availability of health insurance, health shocks, pensions, Social Security, and how consumption and…

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Costs and Benefits of In-Kind Transfers: The Case of Medicaid Home Care Benefits

Many large government programs provide benefits in kind as opposed to in cash. Providing benefits in kind potentially distorts decisions and leads to a deadweight loss if recipients value the benefits less than a cost-equivalent cash transfer. Yet providing benefits…

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