RAND Labor and Population conducts research related to aging and retirement. Our research findings and recommendations help improve policies that aim to enhance physical conditions, cognitive functioning, medical care, and financial security of aging populations.
In 1997, Mexico transformed its pay-as-you-go social security system to a fully funded system with personal retirement accounts, including management fees. This article examines changes in retirement wealth resulting from this new system.
The retirement incentives of the Mexican social security system affect retirement behavior, and may be one of the main contributors to early retirement decisions, particularly for lower-income populations.
RAND Europe examined the evidence on fraud and error in social security systems in several countries, crafted a definition of fraud as distinct from error and corruption, and looked at the wider costs to society and the drivers of fraud and error.
Because people consume less in their golden years, the conventional wisdom that most Americans are financially unprepared for retirement doesn't hold up. Evidence suggests that about 71 percent of older Americans are adequately prepared for retirement.
By enabling access to affordable private health insurance and expanding access to subsidized public health insurance, the Affordable Care Act alters the calculus of disability claiming decisions. Research offers empirical evidence that, on net, disability applications are likely to decrease.
National health reform makes it easier for disabled workers to stop working and apply for disability insurance. This study finds that some disabled workers continue working to keep their health insurance but disability applications do not increase.
The economic cost of fraud and error to the social security system can be considerable. For certain benefit types in OECD countries, between 5-10 percent of social security expenditure can be wrongly allocated to claimants.
A binational effort at labor reform — including the establishment of a binational immigration agency and the passage of a bilateral social security agreement — would benefit both the United States and Mexico.
Most medical research focuses on fighting individual disease. But delayed aging could boost life expectancy by more than two years and yield more than $7 trillion over 50 years. Greater investment in research to delay aging could be a very efficient way to prevent disease, improve public health, and extend healthy life.
Mexican migrants who have spent at least a year in the United States before returning home are less likely to have public health insurance or social security benefits, and could be more vulnerable to poverty in old age.
The combined effects of having potentially employable individuals receive SSDI benefits, and the loss of skills among those who are denied benefits, are significant, write Nicole Maestas and Kathleen Mullen.
Because of disability compensation, the income of military service members who suffer serious or very serious injuries is on average about 36 percent higher four years following deployment than what would have been expected had they not been injured.