Retirement Security and Financial Decision Making 2020
Identifies key decisions prior to retirement that may be correlated with insecurity in later years and populations who may benefit most from targeted information.
Financial Security in Older Populations
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Disparities in Minority Retirement Savings Behavior: Survey and Experimental Evidence from A Nationally-Representative Sample of US Households 2019
Investigates the main barriers to the accumulation of retirement savings faced by minority groups in the United States.
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Financial Knowledge and Portfolio Complexity in Singapore 2019
This paper reports the first analysis of older Singaporeans' financial literacy using a unique new dataset, the Singapore Life Panel (SLP®).
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The Effect of Housing Wealth Losses on Spending in the Great Recession 2019
This article represents the first U.S. study employing exclusively household-level longitudinal data spanning the Great Recession to estimate the response of household spending to negative wealth shocks induced by the sharp declines in house prices.
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Does Home Production Replace Consumption Spending? Evidence from Shocks in Housing Wealth in the Great Recession 2019
This paper sheds new light on the importance of home production in welfare analyses by focusing on the elasticity of substitution estimated over the retired population, thus holding constant non-work time, but also on the share of spending that is potentially substitutable.
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Drawing Down Retirement Wealth: Interactions between Social Security Wealth and Private Retirement Savings 2017
Uses Health and Retirement Study survey data matched to Social Security administrative data to study how households integrate Social Security benefits into their general retirement income plans.
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Household Retirement Saving: The Location of Savings Between Spouses 2017
Investigates how households locate contributions across tax deferred savings accounts that are nominally held in one spouse's name and how these decisions may impact accumulated assets.
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Changes in Spending and Labor Supply in Response to a Social Security Benefit Cut: Evidence from Stated Choice Data 2017
The results of this study provide unique information on individuals' responses to a Social Security reform that would implement a 30 percent cut in benefits.
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Designing Cash Transfer Programs for an Older Population: The Mexican Case 2017
Simulation of means testing benefit schemes showing beneficial effects on poverty and income inequality. Validated with data from a field experiment in Yucatan, Mexico, the simulations provide a good forecast of observed effects in the experiment.
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Push or Pull: Changes in the Relative Risk and Growth of Entrepreneurship Among Older Households 2016
Entrepreneurship among older adults is on the rise, especially in households with greater access to income from interest, dividends, and capital gains.
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Costs of Extending the Noncontributory Pension Program for Elderly: The Mexican Case 2016
This article reviews a non-contributory pension program introduced in Mexico in 2007 that has since expanded greatly.
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How Do Management Fees Affect Retirement Wealth Under Mexico's Personal Retirement Accounts System? 2015
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.
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Heterogeneity in Spending Change at Retirement 2013
The simple one-good model of life-cycle consumption requires that consumption be continuous over retirement; yet prior research based on partial measures of consumption or on synthetic panels indicates that spending drops at retirement, a result that has been called the retirement-consumption puzzle.