2021

Auto-Enrollment Retirement Plans in OregonSaves

WP 2021-425 , UM19-03
Oregon recently launched an automatic-enrollment retirement savings program for private sector workers lacking access to other workplace retirement plans. We analyze participation choices, account balances, and inflow/outflow data using administrative records between August 2018 and April 2020. Within the small-…

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

WP 2021-426 , UM21-11
The COVID-19 pandemic has had enormous effects on the U.S. economy and may have had serious negative repercussions for many Americans’ financial stability. We use longitudinal survey data from a nationally representative internet panel, the Understanding America Study, to examine…

Heterogeneity in Household Spending and Well-being Around Retirement

WP 2021-427 , UM21-13
We study heterogeneity in spending patterns around the time of retirement. Using rich consumption data from the Panel Study of Income Dynamics, and exploiting within-household spending variation, we systematically classify households into groups characterized by differences in consumption transitions at…

Mixed-methods Study to Understand Use of the my Social Security Online Platform

WP 2021-428 , UM21-08
We conducted a mixed-methods study to examine barriers to use of my Social Security (MySSA), and users’ experience of using MySSA. The quantitative phase of the study leveraged existing survey data to analyze the determinants of self-reported MySSA account use.…

Contextual and Social Predictors of Scam Susceptibility and Fraud Victimization

WP 2021-429 , UM21-15
Financial fraud targeting older adults is on the rise, with annual losses totaling in the billions of dollars. Prior cross-sectional and qualitative studies have reported that negative life events and social factors, such as poor psychological well-being and loneliness, are…

Worker Functional Abilities, Occupational Requirements, and Job Accommodations: A Close Look at Three Occupations

WP 2021-430 , UM21-04
This report examines the occupational requirements, physical and mental functioning, and use of accommodations among workers in three key occupations: cashiers, receptionists, and those in nursing fields. These jobs are among the top occupations represented in the work histories of…

Expansion of the Totalization Program using Simplified Agreements to Eliminate Dual Taxation

WP 2021-431 , UM21-Q2
The United States has signed 30 bilateral social security agreements. Some of its partner countries, such as the U.K. or Germany, have signed international agreements to eliminate double taxation for nationals working temporarily abroad with more than 50 other countries.…

Estimating the Impact of Missing Totalization Agreements

WP 2021-432 , UM21-Q4
The number of international social security agreements (totalization agreements) signed by the United States is significantly smaller than the number signed by other countries such as Canada and the U.K. This paper estimates the impact of the missing totalization agreements…

The Lifetime Risk of Spousal Nursing Home Use and its Economic Impact on the Community-dwelling Spouse

WP 2021-433 , UM21-12
A single person in a nursing home is relatively well-protected financially from nursing home expenses because Medicaid covers these once assets are depleted. Couples, however, are less well protected, because the high cost of nursing homes rapidly depletes household assets,…

Mixed-methods Analysis of Consumer Fraud Reports of the Social Security Administration Impostor Scam

WP 2021-434 , UM21-Q1
Most Americans have received fraudulent calls from impostors claiming to be officials from the Social Security Administration (SSA). Callers threaten those who respond with arrest and suspension of their bank accounts and Social Security numbers, but charges can be removed…
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