Jun 26, 2015
This project established a research network for the harmonization of cross-national studies of aging with the Health and Retirement Study (HRS).
Throughout the world, people are living well beyond traditional retirement ages. Some will suffer from health problems while others will remain in good health and continue to participate in the labor force. RAND Labor and Population research findings and recommendations help improve policies that aim to enhance physical conditions, cognitive functioning, medical care, and financial security of aging populations.
Improving the physical and economic well-being of Americans in the years before and after retirement is a key theme of our work, and is one of the focuses of our Center for the Study of Aging and our Center for Chinese Aging Studies, which have been conducting interdisciplinary cutting-edge research for more than two decades. Work in this area is examining, for example, the lifetime risk of needing long-term care, providing model-based estimates of the viability of long-term care insurance, developing long-term care options for dementia, and examining international differences in health and longevity.
The ability to make sound financial decisions is something that affects individuals over the life course, but it particularly affects the elderly as they move toward retirement. This theme is the focus of work in another of our centers, the Center for Financial and Economic Decision Making, which looks at how people collect information, how they think about risks and rewards, and how well they match their financial decisions to their preferences and interests.
Uses the Health and Retirement Study to determine how job insecurity and unemployment insurance can affect the relationship between job insecurity and job search.
Examines causes of steeper declines in nondurable expenditures in the UK compared to the US in spite of income paths at older ages exhibiting similar declines.
In this study, the authors analyze the labor-market dynamics of middle-aged and older men in Mexico.
Examines if and how financial advisors are influenced by their compensation schemes and how this influence impacts retail investors' financial well-being.
The U.S. Department of Labor, Employee Benefits Security Administration's proposed new rule, 29 CFR Part 2510, "Definition of the Term "Fiduciary," for the purpose of protecting retirement investors from self-dealing (i.e., investment advisors acting in their own interests to the detriment of their clients) in professional advice to retirement investors. The paper analyzes potential effects of the rule on IRA markets and investors.