2014 – Publication Years

Long-Run Determinants of Intergenerational Transfers

June 14, 2018
Life-cycle model, Social Security

Responses of Time-use to Shocks in Wealth during the Great Recession

June 14, 2018
Uncategorized

The Insurance Role of Household Labor Supply for Older Workers

June 14, 2018
Labor Supply, Older workers

The Implications of Differential Trends in Mortality for Social Security Policy

June 14, 2018
Health, Mortality trends, Social Security, Social Security reform

While increased life expectancy in the U.S. has been used as justification for raising the Social Security retirement ages, independent researchers have reported that life expectancy declined in recent decades for white women with less than a high school education.…

Means Testing Pensions: The Case of Australia

June 14, 2018
Uncategorized

In an era of population aging, the tension between adequate retirement incomes and sustainable budgets is increasingly challenging. Three broad strategies can improve both pension adequacy and sustainability: better targeting, increased levels and coverage of private saving, and delayed retirement.…

The Implications of Differential Trends in Mortality for Social Security Policy

June 14, 2018
Health, Mortality trends, Social Security, Social Security reform

While increased life expectancy in the U.S. has been used as justification for raising the Social Security retirement ages, independent researchers have reported that life expectancy declined in recent decades for white women with less than a high school education.…

2014 MRRC Key Findings

June 14, 2018
Uncategorized

Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum

June 14, 2018
Retirement, Social Security

This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half…

The Insurance Role of Household Labor Supply for Older Workers

June 14, 2018
Labor Supply, Older workers

In this paper, we explore and compare how older and younger couple households use adjustments in the wife’s labor supply to mitigate the effects of negative shocks to the husband’s employment status. Using difference-in-differences matching methods, we document a substantial…

Does Retirement Make you Happy? A Simultaneous Equations Approach

June 14, 2018
Health, Health and Retirement Study, Retirement

Continued improvements in life expectancy and fiscal insolvency of public pensions have led to an increase in pension entitlement ages in several countries, but its consequences for subjective well-being are largely unknown. Financial consequences of retirement complicate the estimation of…