Now showing items 11-20 of 25
Geographic Dispersion and the Well-Being of the Elderly
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-10)
Perhaps the largest problem confronting our aging population is the rising cost of health
care, particularly the costs borne by Medicare and Medicaid. A chief component of this expense is long-term care. Much of this care ...
Occupational Learning, Financial Knowledge, and the Accumulation of Retirement Wealth
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-10)
This study explores the relationship between general human capital investment, financial
knowledge, occupational spillovers, and the accumulation of wealth in a primarily
descriptive manner. Drawing upon human capital ...
Borrowing from Yourself: The Determinants of 401(k) Loan Patterns
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
This paper explores the determinants of people’s decisions to take 401(k) loans. We argue that 401(k) plans do not simply represent retirement saving, but they also provide a means of saving for precautionary purposes. We ...
Participation and Contributions in Tax-deferred Retirement Accounts: Evidence from Social Security Records
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-01)
Social Security Administration W-2 records contain employee annual tax-deferred contributions for 1990-2003 and sufficient information to calculate tax-deferred contributions for 1984-1989. We use this information to compare ...
The Growth in Social Security Benefits Among the Retirement Age Population from Increases in the Cap on Covered Earnings
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
This paper investigates how increases in the level of maximum earnings subject to the Social Security payroll tax have affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study ...
Personality, Lifetime Earnings, and Retirement Wealth
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-10)
Studies of adolescents and young adults have shown that schooling impacts economic outcomes beyond its impact on cognitive ability. Research has also shown that the personality trait of conscientiousness predicts health ...
Post-Retirement Adjustments in Defined Benefit Pensions
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-12)
Few private defined benefit pension plans commit to indexing benefits after a worker begins receiving them. Previous (now dated) research found that most plans did, nonetheless, make "voluntary" adjustments, which compensated ...
Does Disability Insurance Receipt Discourage Work? Using Examiner Assignment to Estimate Causal Effects of SSDI Receipt?
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-12)
We present the first estimates of the causal effects of SSDI receipt on labor supply that are generalizable to the entire population of program entrants in the present day system. We take advantage of a unique workload ...
Cognitive Ability and Retiree Health Care Expenditure
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
Prior research indicates that retirees with less cognitive ability are at greater financial risk because they have lower incomes yet higher medical expenditures. Linking HRS data to administrative records, we evaluate two ...
Intergenerational Transfers in the Health and Retirement Study Data
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-11)
Many economic analyses of public policy issues are based upon the life-cycle model of
household behavior. The usual formulation omits private intergenerational transfers. This paper considers the possibility of a more ...