Retirement and the provision of pensions and retirement benefits impact individuals, the private sector, community services, and nationalized health systems like Medicare. RAND has made policy-relevant contributions in developing and developed nations in the area of retirement research, including modeling future retirement trends, analyzing the determinants and health impacts of retirement, and understanding retirement consumption behavior.
Financial decisions about investing and saving for retirement are increasingly complex, requiring financial knowledge and confidence in that knowledge.
Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings.
Previous empirical literature has found a sharp decline in consumption during the first years of retirement, implying that individuals do not save enough for their retirement. This phenomenon is called the retirement consumption puzzle.
An unprecedented upturn in the number of older Americans who delay retirement is likely to continue and even accelerate over the next two decades, a trend that should help ease the financial challenges facing both Social Security and Medicare.
This article uses matched survey and administrative data to estimate, as of 2006, the size of the population eligible for the Low-Income Subsidy (LIS), which was designed to provide "extra help" with premiums, deductibles, and copayments for Medicare Part D beneficiaries with low income and limited assets.
Provides an example of a study of the public health labor market and how wages and benefits affect workforce outcomes, including recruiting, retention, and retirement for the Department of Defense civil service workforce. The authors analyze the financial incentives to retire that are specifically embedded in the retirement system and how different workforce-shaping policies would affect these incentives. They find that buyouts, retention incentives, and other workforce-shaping tools have a sizable effect on predicted retirement behavior.
This article aims to contribute to the debate around how organizations could learn from the experience of others in designing performance indicators and management systems.
Looks at the effect of the 2000 repeal of the earnings test above the normal retirement age on the self-reported probabilities of working full-time after ages 65 and 62 of male workers in the U.S. Health and Retirement Study.
Analyzes the male labor supply effects of the Social Security earnings test using longitudinal administrative earnings data and commonly used survey data. Finds a consistent and substantial response to the earnings test, especially for younger men.
This report, which was commissioned by the National Audit Office (NAO), presents the results of a benchmarking exercise investigating the issue of fraud and error in the social security systems of eight European and non-European countries.
Sir John Bourn, head of the National Audit Office, reported on the complexity of the benefits system, which he considers is one of the most important issues affecting the performance of the Department for Work and Pensions.
The goal of this chapter is to provide comparable evidence, based on microeconomic data sources, regarding the lifetimes savings profiles of households in the UK.
Using three major U.K. pension reforms as natural experiments, the authors investigate the relationship between pension saving and discretionary private savings.
The authors examine the impact of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) of 1996.
Supplemental Security Income (SSI) benefits for a substance abuse disability were terminated by federal legislation as of January 1, 1997.
This paper describes the economic, health, and other effects of SSI reform among Los Angeles County SSI recipients.
Recipients of Social Security disability benefits with comorbid psychiatric problems lost benefits because they did not appeal or appeal was denied.
Considers how older workers' retirement behavior is affected by access to employment-based health insurance policy initiatives, including continuation and portability mandates and changes in the way firms must account for retiree health benefits in earnings statements.
The author invites the attention of American archivists and social work leaders to the nature of social welfare from a record-keeping standpoint.