Now showing items 181-187 of 187
Health Insurance and Retirement Decisions
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2013-09-30)
We develop a rich model to study the complex interrelationship between health insurance and retirement decisions. The decision to retire depends on a number of factors including availability of health insurance, health ...
Measuring Economic Preparation for Retirement: Income Versus Consumption
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2015-09)
The income replacement rate (income immediately following retirement divided by income immediately preceding retirement) has become widely used as a measure of economic preparation for retirement. Yet a number of relevant ...
The Effect of the Affordable Care Act on the Labor Supply, Savings, and Social Security of Older Americans
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2016-10)
Affordable Care Act, labor supply, retirement model, insurance rates
Uncovering the Relationship between Real Interest Rates and Economic Growth
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2014-04-25)
We analyze long-span data on real interest rates and productivity growth with the focus on estimating their long-run correlation. The evidence points to a moderately negative correlation, meaning that real interest rate ...
Older Adult Debt and Financial Frailty
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2013-09-30)
Of particular interest in the present economic environment is whether access to credit is changing peoples’ indebtedness over time, particularly as they approach retirement. This project analyzes older individuals’ debt, ...
Consumer Credit Events Before and After Dementia Diagnosis
(2019-03)
Anecdotal evidence suggests that changes in thinking and memory due to dementia can lead to large financial losses. We test this using linked Medicare claims and FRBNY/Equifax CCP data. We find that missed payments ...
Effects of Legal and Unauthorized Immigration on the U.S. Social Security System
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2011-09)
Immigration is having an increasingly important effect on the social insurance system in the United States. On the one hand, eligible legal immigrants have the right to eventually receive pension benefits, but also rely ...