2018

UM18-Q1: Social Security Coverage Around the World

We will analyze the population covered by social security programs in China, India and Mexico using surveys in the HRS family. We will answer the following questions: 1) Who is covered by social security programs? We will study the coverage…

UM18-Q2: Declining Labor Force Participation in the USA

We will produce a comprehensive review of literature investigating the causes of the recent decline in the age-adjusted labor force participation rate. The review will include works from the academic literature as well as the gray literature from research institutes…

UM18-Q3: Addition to the RAND HRS Longitudinal Files: IRA Withdrawals in the HRS, 2000-2016

IRAs are widely held: 54 percent of married persons and 32 [ercent of single persons reported owning such accounts. Withdrawals from IRAs could be an important financial resource to fund consumption in retirement. Even though data on such withdrawals has…

UM18-Q4: Assessing Economic Resources in Retirement: The Role of Withdrawals from Tax-Advantaged Retirement Accounts

Tax-advantaged saving is an important resource to finance consumption in retirement. In a DB world, contributions from pensions can be assessed in household surveys because they typically provide a regular stream of income. An assessment in a DC world is…

UM18-Q5: A Meta-Analysis of the Decline in the Labor Force Participation Rate

This project explores the causes behind the recent decline in the Labor Force Participation (LFP) rate. The analysis will examine the evolution of the LFP rate for different demographic groups to gauge the effect of demographic changes. An integral part…

2017

UM17-01: Social Insurance and Risks and Insurance Over the Life Cycle for Singles & Couples

This project aims at estimating a model including single and married people over the life cycle in which single people meet partners and experience labor-productivity shocks, medical-costs shocks during retirement, and life-span risk. Married people also experience divorce risk. Households…

UM17-02: Cognition, Health, Employment, and Wages Near Retirement in England

This project will estimate the effect of cognition and physical health on labor supply and wages for England and the U.S. Using the English Longitudinal Study of Ageing and the Health and Retirement Study, we will: (i) estimate how physical…

UM17-03: Understanding Earnings, Labor Supply and Retirement Decisions

We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the retirement…

UM17-04: Shocks and Transitions from Career Jobs to Bridge Jobs and Retirement: A New Approach

What drives the decision to retire versus work longer? This project studies how shocks affect older Americans’ decision-making among continuing to work in a career job, seeking a bridge job, or retiring. It will use a new survey instrument that…

UM17-05: The Reintroduction of the Social Security Statement and its Effect on Social Security Expectations, Retirement Savings, and Labor Supply Across the Age Distribution

In the 1990s, SSA began automatic mailings of a statement with personalized benefit estimates. Previous research has examined the statement’s impacts on claiming, labor supply, and savings among older Americans in the 1990s. However, little is known about the effect…