2016 – Publication Years

The Dynamic Effects of Health on the Employment of Older Workers

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

Using data from the Health and Retirement Study (HRS) and the English Longitudinal Study of Ageing (ELSA), we estimate a dynamic model of health and employment. We estimate how transitory and persistent health shocks affect employment over time. In a…

The Interaction between Consumption and Health in Retirement

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

We study the interaction between consumption and health in retirement. Our main contribution is the estimation of a consumption Euler equation taking health into consideration. The Euler equation is derived from a model of consumption in retirement with three important…

The Affordable Care Act as Retiree Health Insurance: Implications for Retirement and Social Security Claiming

June 14, 2018
Affordable Care Act, Retirement, Social Security

Using data from the Health and Retirement Study, we examine the effects of the Affordable Care Act (ACA) on retirement. We first calculate retirements (and in related analyses changes in expected ages of retirement and/or Social Security claiming) between 2010,…

Means Testing Social Security: Modeling and Policy Analysis

June 14, 2018
pensions, Retirement

A Note on Resource Testing and Temptation

June 14, 2018
pensions

This study analyzes the relative performance in terms of welfare of the current U.S. PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programs. We conduct our analysis under two different settings. While in the…

How Well Does the Australian Aged Pension Provide Social Insurance?

June 14, 2018
Labor Supply, pensions

Social security plays an essential role in an economy, but if designed incorrectly can distort the labor supply and savings behavior of individuals in the economy. We explore how well the Australian means-tested pension system provides social insurance by calculating…

Means Testing of Public Pensions: The Case of Australia

June 14, 2018
Labor Supply, Older workers, pensions

The Australian age pension is noncontributory, funded through general tax revenues and means tested against pensioners private resources, including labour earnings. This paper constructs an overlapping generations (OLG) model of the Australian economy to examine the economy wide implications of…

Means Testing Social Security: Modeling and Policy Analysis

June 14, 2018
pensions, Retirement

The aging demographic has brought retirement income reform to the center of the policymaking arena. This project has deployed cutting edge modeling techniques to examine the economic impacts of means-testing in the Australian and U.S. contexts. Since 1909, the mainstay…

The Retirement and Social Security Benefit Claiming of U.S. Military Retirees

June 14, 2018
Health and Retirement Study, Retirement, Social Security, Veterans

After serving 20 years in the active component of the U.S. military, service members can retire from the military, as young as age 38, and begin collecting a monthly pension benefit for the remainder of their life. In this paper,…