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A Quarterly Newsletter provides updates on current MRRC projects including recent research findings as well as information about upcoming events and information that may be of interest to the academic and policy communities. Join our mailing list for this publication.

Policy Briefs offer summary and analysis of current issues in Social Security, retirement and pension policy.

Working Papers provide rapid dissemination of MRRC research findings. Many working papers are later published in journals and books. Bound copies of working papers are available on request.

Research Briefs offer concise summaries of key research findings from MRRC projects.

In the Researcher Q&A series our affiliated researchers discuss the findings and implications of their MRRC-supported research.

Conference Papers from the Annual Meeting of the Retirement Research Consortium are available for all presentations.

All MRRC publications may be printed directly from this website.

All Publications

2020

Estimating the Macroeconomic Effects of Each Totalization Agreement

WP 2020-408 , UM20-07
Ananth Seshadri, Junjie Guo
Totalization agreements coordinate the United States Social Security program with other countries’ comparable programs. We estimate each totalization agreement’s impact on a variety of bilateral trade outcomes. We find the impact is quite heterogeneous, both across agreements/countries and across sectors…
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The Risk of High Out-of-Pocket Health Spending among Older Americans

WP 2020-409 , UM20-09
Helen Levy
Traditional Medicare imposes significant cost-sharing on beneficiaries. Most but not all beneficiaries obtain supplemental insurance through Medigap, Medicare Advantage, Medicaid, or employer-sponsored retiree coverage, which may vary in how well they protect against the risk of high spending. This paper…
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A Framework for Cost-Benefit Analysis of Totalization Agreements

WP 2020-410 , UM20-08
Erik Meijer, Francisco Perez-Arce, Maria Prados
International social security totalization agreements eliminate double social security taxation for workers who reside and work in different country from their home country. Because totalization agreements affect a number of economic agents in a variety of ways, we develop a…
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Cognitive Ability, Cognitive Aging, and Debt Accumulation

WP 2020-411 , UM20-11
Marco Angrisani, Jeremy Burke, Arie Kapteyn
In the past few decades, financial products target to consumers have become increasingly complex and recent evidence suggests that older adults are entering retirement with more debt than previous generations. We examine how cognitive ability is related to debt burdens…
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The Impact of Growing Health and Mortality Inequalities on Lifetime Social Security Payouts

WP 2020-412 , UM20-04
Péter Hudomiet, Michael Hurd, Susann Rohwedder
The prevalence of obesity, diabetes, and other health problems has increased in recent decades in the United States, and there is a growing gap between the health and longevity of individuals with high socioeconomic status (SES) and low SES. These…
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Saving Regret: Self-assessed Life-cycle Saving Behavior in the U.S. and Singapore

UM20-17
Axel Börsch-Supan, Michael Hurd, Susann Rohwedder
Based on the belief that many people have under-saved and that the reason for under-saving is procrastination, paternalistic nudging to foster saving is often advocated by policy researchers. However, there is little empirical evidence that on hindsight individuals would wish…
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Nursing Homes in Equilibrium: Implications for Long-term Care Policies

UM20-13
Tatyana Koreshkova, Minjoon Lee
We build an equilibrium model of the market for nursing home care with decision-makers on both sides of the market. The nursing home demand arises as a result of stochastic dynamic optimizations by households heterogeneous in age, health, wealth; and…
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The Changing Nature of Work

WP 2020-415 , UM20-03
Italo Lopez Garcia, Nicole Maestas, Kathleen J. Mullen
We provide new evidence on the changing nature of work and its influence on individuals’ capacity to work by linking historical measures of occupational job demands with harmonized data on individual abilities from a unique survey conducted in the RAND…
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2019

Health Reform Key Findings, 2014-2018

Download: Key Findings PDF

Longer Work Key Findings, 2014-2018

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