2011
Do Stronger Age Discrimination Laws Make Social Security Reforms More Effective?
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The Effects of Changes in Women’s Labor Market Attachment on Redistribution under the Social Security Benefit Formula
Studies conducted in the early 1990s analyzed whether the progressive Social Security benefit formula succeeds in redistributing benefits from high to low earners. These studies suggested that while the benefit formula fostered significant redistribution from individuals with high earnings to…
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2010
Reconciling Findings on the Employment Effect of Disability Insurance
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 and relative terms. While the timing…
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The Labor Supply Effects of Disability Insurance Work Disincentives: Evidence from the Automatic Conversion to Retirement Benefits at Full Retirement Age
The Social Security Disability Insurance (DI) program imposes strong work restrictions on beneficiaries; however, the causal effect of the work disincentives on labor supply has been difficult to estimate. We take a new look at this question by exploiting the…
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Recessions, Wealth Destruction and the Timing of Retirement
In this study, we evaluate the retirement decision using two different analytical approaches to assessing the impact of economic conditions on retirement. The first uses aggregate statistics to measure the response of older workers to variations in labor market conditions…
Investor Decisions and the Financial Crisis in Mexico’s Privatized Social Security Market
In addition, that even among the educated and financially literate, experienced and educated investors engage in return chasing, overconfidence, and myopic loss aversion, resulting in lower returns for their personally managed investments relative to diversified, passively managed ones (Benartzi and…
Cognition, Financial Wealth, and the Effects of the Financial Crisis on the Well-Being of Older Americans
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Healthy Life Expectancy: Estimates and Implications for Retirement Age Policy
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Age Differences in Job Loss, Job Search, and Reemployment
This study uses recent data to examine how the incidence and consequences of job loss varies by age. Models measure the likelihood that workers lose their jobs and the likelihood that displaced workers become reemployed. We also compare earnings and…