Michael D. Hurd

Photo of Michael Hurd
Director, RAND Center for the Study of Aging; Senior Principal Researcher
Santa Monica Office


Ph.D. in economics, M.S. in statistics, University of California, Berkeley; B.S. in electrical engineering, University of Utah

Media Resources

This researcher is available for interviews.

To arrange an interview, contact the RAND Office of Media Relations at (310) 451-6913, or email media@rand.org.

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Michael Hurd is a senior principal researcher at the RAND Corporation, where he directs the RAND Center for the Study of Aging. Hurd's research focuses on the economics of retirement, social security and social welfare systems, inheritance and bequests, and other topics related to aging and the elderly. Hurd has an M.S. in statistics and a Ph.D. in economics from the University of California, Berkeley.

Recent Projects

  • Changes in Consumption and Activities at Retirement
  • Intergenerational Financial Transfers
  • Consumption and Well-Being at Older Ages
  • Probabilistic Thinking and Economic Behavior, (Co-PI)
  • Financial Security in Retirement

Selected Publications

Hill, Patrick L.; Turiano, Nicholas A.; Hurd, Michael D.; Mroczek, Daniel K.; Roberts, Brent W., "Conscientiousness and Longevity: An Examination of Possible Mediators," Health Psychology, 2011

Hurd, Michael; van Rooij, Maarten; Winter, Joachim, "Stock Market Expectations of Dutch Households," Journal of Applied Econometrics, 26(3):416-436, 2011

Hurd, Michael; Rohwedder, Susann, "Trends in Labor Force Participation: How Much is Due to Changes in Pensions," Journal of Population Ageing, 4(1-2):81-96, 2011

Hurd, Michael, "Inter-vivos Giving by Older People in the United States: Who Received Financial Gifts from the Childless," Ageing and Society, 29:1207-1225, 2009

Hurd, Michael; Rohwedder, Susann, "Methodological Innovations in Collecting Spending Data: The HRS Consumption and Activities Mail Survey," Fiscal Studies, 30(3/4):435-459, 2009

Hurd, Michael, "Subjective Probabilities in Household Surveys," Annual Review of Economics, 1:543-562, 2009

Haider, Steven; Hurd, Michael; Rohwedder, Susann, "Increases in Wealth among the Elderly in the Early 1990s: How Much is Due to Survey Design?" Review of Income and Wealth, 52(4):509-524, 2006

Hurd, Michael; Panis, Constantijn, "The Choice to Cash Out Pension Rights at Job Change or Retirement," Journal of Public Economics, 90:2213-2227, 2006

Honors & Awards

  • Fulvio Guerrini Lecture, University of Turin
  • The Johann Heinrich Jung-Stilling Lecture, NAR Colloquium, University of Heidelberg


  • Couple reviewing finances with an advisor

    The Cost of Dementia: Who Will Pay?

    It is time for the government in partnership with industry to return to the drawing board to craft a plan that will provide protection for the more than 9 million people who will need care for dementia by 2040, writes Michael D. Hurd.

    May 1, 2013 | The Health Care Blog