?> retirement savings – MRDRC
Are lifetime earnings a product of the times? Veterans who entered the civilian market in periods of high unemployment have lower earnings for over a decade, have lower levels of prospective Social Security wealth, and appear to delay retirement (perhaps to compensate for the negative effects experienced early in their careers), and have higher levels of family instability. These results suggest that young workers who entered the labor market during the Great Recession are likely to experience negative effects throughout the first phases of their career; indeed, some of the effects could influence today’s workers through retirement.

Tough timing: Study looks at veterans to pin down the long-term effects of entering the labor market during a recession

Previous research has found that young people entering the job market during a weak economy face lingering negative effects, earning less than workers who joined the labor market during, for example, a period of low unemployment. Such effects can last…

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Better data on private pensions helps researchers paint a more detailed picture of retirement

One of the United States’ longest-running surveys on aging, the Health and Retirement Study (HRS), recently was able to add pension plan descriptions from public employers’ websites and private employers’ Form 5500 filings. While in the past HRS has had…

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Bar chart compares various types of retirement assets between U.S. and English retirees.

Housing wealth differentiates English and U.S. retirement savings

Designing effective policy to influence household retirement-saving behavior requires a deeper understanding of household motivations for saving and retention of wealth, particularly at older ages. In their 2015 working paper, “Comparing Retirement Wealth Trajectories on Both Sides of the Pond,”…

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More on ‘Couples’ and Singles’ Savings After Retirement’

In order to study the hypothetical effects of expanding Medicaid, Mariacristina De Nardi, Eric French, and John Bailey Jones (DFJ) have written a fairly detailed model to study household saving and dissaving (see previous post). To make that possible, they constructed a novel measure…

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Looking at ‘Couples’ and Singles’ Savings After Retirement’

There’s some debate in the United States about extending Medicaid to more people. Loosening criteria for means-tested public health care insurance such as Medicaid would allow more people to benefit from health care they may otherwise be unable to afford,…

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