2005
Social Security Solvency: A Crisis?
Social Security has become a topic of national conversation; politicians and news media are widely discussing the need for, and possible shape of, Social Security reform. The basic factors leading to the necessity of policy change are evident: fertility has…
Download: Policy Brief
View: Abstract
View: Abstract
Consumption and Economic Well-Being at Older Ages: Income- and Consumption-based Poverty Measures in the HRS
Download: Conference Paper
Why Not Retire? The Time and Timing Costs of Market Work
Retirement ages among older Americans have only recently begun to increase after their precipitous fifty-year decline. Early retirement may result from incentives provided by retirement systems; but it may also result from the rigidities imposed by market work schedules. Using…
Download: Conference Paper
View: Abstract
View: Abstract
Retirement, Saving, Benefit Claiming and Solvency Under a Partial System of Voluntary Personal Accounts
This paper is based on an econometric model of retirement and saving, estimated with data for a sample of married men in the Health and Retirement Study. The model simulates how various features of a system of personal Social Security…
Download: Conference Paper
View: Abstract
View: Abstract
2004
The Impact of Diabetes on Work-force Participation: Results from a National Household Sample
Download: Research Brief
Personal Accounts and Family Retirement
WP 2004-067 , UM02-06
This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and…
Download: Working Paper
View: Abstract
View: Abstract
Payout Choices by Retirees in Chile: What Are They and Why?
WP 2004-068 , UM03-07
In 1981 Chile adopted its new multi-pillar system, which featured privately managed individual accounts. Starting in 1983 payouts from the accounts were permitted and detailed rules about payouts were put in place. The Chilean scheme therefore gives us an opportunity…
Download: Working Paper
View: Abstract
View: Abstract