Now showing items 21-25 of 25
Reconciling Findings on the Employment Effect of Disability Insurance
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-10)
Over the last 25 years the Social Security Disability Insurance Program (DI) has grown
dramatically. During the same period of time employment rates for men with work limitations showed substantial declines in both absolute ...
Financial Capability in the United States: Consumer Decision-Making and the Role of Social Security
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
This paper analyzes new data from the 2009 National Financial Capability Study. This survey provides information to assess how American households make financial decisions, how they are faring under current economic ...
The Effects of the Financial Crisis on the Well-Being of Older Americans: Evidence from the Cognitive Economics Study
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
This paper uses the Cognitive Economics Study (CogEcon) to assess the effect of the financial crisis on the well-being of older Americans. Financial wealth fell by about 15 percent for the median household. These financial ...
Mortgage Contract Decisions and Mortgage Distress: Family and Financial Life-Cycle Factors
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-09)
The U.S. economy experienced a dramatic rise in the price of owner occupied housing during
1999-2007, and then a precipitous decline from 2007 through 2009. In this paper we utilize data from the Panel Study of Income ...
The Effects of Medicaid and Medicare Reforms on the Elderly’s Savings and Medical Expenditures
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2010-10)
We study a model in which retired single people optimally choose consumption, medical
spending and saving while facing uncertainty about their health, lifespan and medical needs. This uncertainty is partially offset by ...