2007

Winners and Losers: 401(k) Trading and Portfolio Performance

WP 2007-154 , UM07-11
Few previous studies have explored how individuals manage their defined contribution (DC) pension plan assets, even though such plans constitute an increasingly important component of retirement wealth. Using a unique new dataset on over one million active 401(k) plan participants…

Future Beneficiary Expectations of the Returns to Delayed Social Security Benefit Claiming and Choice Behavior.

UM07-01A0807C , UM07-01
We report on our preliminary findings from an innovative module of surveyquestions in the RAND American Life Panel designed to measure willingness to delay take-up of Social Security benefits. Among respondents who expect to stop working full time prior to…

Estimating the Health Effects of Retirement

UM07-08A0807C , UM07-08
We estimate the magnitude of any direct effect of retirement on health. Sinceretirement is endogenous to heath, it is not possible to estimate this effect by comparing the health of individuals before and after they retire. As an alternative we…

The Effect of Retirement Incentives on Retirement Behavior: Evidence from the Self-Employed in the United States and England

WP 2007-155 , UM07-18
In this paper, we examine how public and private pension and health insurance systems affect the retirement transitions. In many countries, public and private pension eligibility, as well as access to health insurance varies between self-employed and wage and salary…

A Longitudinal Analysis of Entries and Exits of the Low-Income Elderly to and from the Supplemental Security Income Program

WP 2007-156 , UM07-02
  This paper is the first to analyze eligibility and participation spells and estimate dynamic models of SSI participation by the aged. We first describe eligibility and participation spells and estimate  competing-risk models of the determinants of transitions. Next, we…
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