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Volume 9 Issue 4 - October 2008

Director's Corner

The MRRC is very pleased to announce its new research projects for 2008-2009 (listed in this newsletter).  This launches our third 5-year cycle of generous support from the Social Security Administration.  The Michigan Retirement Research Center is delighted to continue its participation in the innovative Retirement Research Consortium public/private research cooperative agreement.

As the MRRC has developed an infrastructure of scholars, it has sought to sustain a balance of stability and growth.  Each year, SSA communicates a list of priority research areas to the members of the RRC. The list typically includes a wide range of topics.  As its base of scholars has grown, the MRRC has been able to expand the breadth and depth of its engagement. 

One particular focus of the MRRC is measuring the adequacy of household resources for retirement.  The Health and Retirement Study (HRS) is, of course, a premier data set for investigating this topic, and the MRRC has many ties to the design and collection of this survey.  A tremendous strength of the HRS is that it can be linked to Social Security earnings records for approved projects, allowing researchers to use actual earning realizations in their retirement models.  In this Newsletter, Professors John Karl Scholz and Ananth Seshadri discuss their innovative work on retirement well-being, which makes use of these data.