RAND research on population and aging analyzes demographic and immigration trends and explores a range of concerns, from family planning to religion to discrimination. RAND also addresses vulnerable populations—such as the elderly and the poor—analyzing retirement and other aspects of financial decisionmaking, welfare, and end-of-life issues.
What effect has the financial crisis had on households and health? RAND researchers seek to quantify the effects of the crisis on older U.S. households, and the adjustments made in response. With this information, they aim to determine whether downturns in economic status are associated with declines in health.
To understand what influences life satisfaction in different countries, it is important to correct for cultural differences in how people answer subjective questions. The RAND Center for the Study of Aging is attempting to increase the comparability of response scales across national boundaries.
By using newly available data from more than 15 countries, researchers are analyzing how the interaction between individual behavior, social context, institutions, and policies shapes health and well-being in old age.
Health outcomes may be related to financial status, including home ownership. A comparative analysis of housing price risk during economic downturns in different countries can help researchers better understand this relationship.
Employment trajectories following the onset of disability are poorly understood. Employer-focused policy interventions may reduce uptake in public disability insurance and disability-induced early retirement.
As the Affordable Care Act expands health insurance coverage in the U.S., the "cost" of applying for SSDI will decline for many. Studying the effect of Massachusetts health care reform in 2006 may provide insights into the impact the ACA may have on SSDI applications and awards.
People with low levels of financial literacy are more easily influenced by the default settings of employee savings plans. The Financial Literacy Center is measuring differences in default effects for employees at companies with auto-enrollment retirement plans, focusing on differential behavior by income.
Alabama's anti-illegal immigration law is regarded as the strictest in the United States and raises several enforcement challenges for police, schools, and other public service providers such as hospitals. RAND research on the costs and benefits of immigration may prove instructive.
Immigrants are less likely than native-born individuals to use banking services or to participate in formal retirement savings programs. The Financial Literacy Center is identifying the main barriers to these services and developing and testing new products to help improve access.
Understanding how criminal gangs and other non-state actors compete with the state to provide public services, gain popular support, and jeopardize security can help policymakers counter these groups' activities.
Hispanic immigrants constitute a rapidly growing share of the U.S. population but are less likely to be financially literate than natives. RAND researchers are investigating barriers to Hispanic immigrants' use of financial services and evaluates financial education materials for them.
Households annuitize very little of their retirement savings. The Financial Literacy Center is studying the annuitization choices of retiring workers, designing and implementing new communication strategies that will raise acceptance of annuities, and examining the effectiveness of these strategies.
Previous research has shown that changes in income and health insurance are associated with changes in health and/or mortality. An examination of administrative data may show whether receipt of Social Security Disability Insurance and participation in related programs causally affect survival rates among applicants.
Currently, few Americans opt to annuitize their Social Security payments. A better understanding of individuals' preferences for annuitization, obtained via a stated-preference survey, can inform the debate on Social Security reform.
The Los Angeles Family and Neighborhood Survey (L.A.FANS) studies adults, teens, children, and neighborhoods in Los Angeles County. Survey data were collected in 2000-2001 and 2006-2008 and are available to researchers for public use.
Women continue to lag behind men, not only in income, but in overall financial capability and retirement preparedness. A financial "bootcamp" may hold promise as a financial education program for early to mid-career women.
The Center for Latin American Social Policy conducts research throughout Latin America and the Latin American population in the United States in the areas of aging, social determinants and consequences of health, saving for retirement, social security coverage, labor market dynamics, and migration.
Research suggests that many individuals claim Social Security retirement benefits at younger ages than may be optimal. The Financial Literacy Center is evaluating alternative ways to convey information about when to claim benefits and offering advice to enhance the Social Security Administration's online claiming website.
People have difficulty understanding how much money they must accumulate in their working years to create a sufficient stream of income once they retire. The Financial Literacy Center is exploring whether disclosing information about the monthly retirement income stream resulting from an individual's retirement account will change savings behavior.
Given the worldwide trend of aging populations, it is important to learn about the long- and short-term effects of non-contributory social security programs. With the State of Yucatan, CLASP designed such a program for towns with more than 20,000 inhabitants. The project team is now evaluating its impact on the welfare of residents ages 70 and older.
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