NBER Retirement Research Center Papers

NB13-Q1 Kevin Milligan
David A. Wise

How Do Public Pensions Affect Retirement Incomes and Expenditures? Evidence over Five Decades from Canada

December 2013
NB13-02 James Poterba
Steven Venti
David Wise

The Financial Crisis and Saving in Personal Retirement Accounts

November 2013
NB13-01 Raj Chetty
John Friedman
Soren Leth-Petersen
Torben Heien Nielsen
Tore Olsen

Active vs. Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark

November 2013
NB13-05 Suzanne B. Shu
John W. Payne

Life Expectation Judgments, Fairness, and Loss Aversion in the Psychology of Social Security Claiming Decisions

November 2013
NB13-07 Alexander M. Gelber
Damon Jones
Daniel W. Sacks

Earnings Adjustment Frictions: Evidence from the Social Security Earnings Test

November 2013
NB13-03 Martin Ljunge
Lee Lockwood
Day Manoli

The Drawdown of Assets during Retirement: Evidence from Sweden

November 2013
NB13-04 John B. Shoven
Sita Nataraj Slavov

Recent Changes in the Gains from Delaying Social Security

November 2013
NB12-05 Jeffrey R. Brown
Anne M. Farrell
Scott J. Weisbenner

The Downside of Defaults

December 2012
NB12-14 Kathleen McGarry
Jonathan Skinner

The Importance of Private and Government Safety Nets: A Comparison of Approved and Denied SSDI Applicants

September 2012
NB12-19 Courtney C. Coile
Phillip B. Levine
Robin McKnight

Recessions, Older Workers, and Longevity: How Long Are Recessions Good For Your Health?

September 2012
NB12-10 Felix Reichling
Kent Smetters

The Demand for Annuities with Stochastic Mortality Probabilities

September 2012
NB12-15 Aviva Aron-Dine
Liran Einav
Amy Finkelstein
Mark Cullen

Moral hazard in health insurance: How important is forward looking behavior?

September 2012
NB12-06 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

The Impact of a Roth Option on Outcomes in Employer-Sponsored Savings Plans

September 2012
NB12-11 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
Stephen P. Zeldes

What Makes Annuitization More Appealing?

September 2012
NB12-01 Samuel H. Preston
Protecting the Effect of Changes in Smoking and Obesity on Future Life Expectancy in the United States

September 2012
NB12-16 Andrew A. Samwick
Means-Testing Federal Health Entitlement Benefits

September 2012
NB12-07 James Choi
Justine Hastings
Unika Shrestha

The Impact of Risk and the Financial Crisis on Perceptions of Privatized Social Security and Retirement Planning

September 2012
NB12-12 David M. Cutler
Ellen Meara
Seth Richards-Shubik

Unemployment and Disability: Evidence from the Great Recession

September 2012
NB12-03 George J. Borjas
Health Difficulties in the Elderly Immigrant Population Health Difficulties in the Elderly Immigrant Population

September 2012
NB12-17 Lee Lockwood
Day Manoli

Intergenerational Risk Sharing and the Effects of Social Security Reforms

September 2012
NB12-08 James Poterba
Steven Venti
David A. Wise

The Nexus of Social Security Benefits, Health, and Wealth at Death

September 2012
NB12-13 Till von Wachter
Assessing Systematic Differences in Industry-Award Rates of Social Security Disability Insurance

September 2012
NB12-04 Raj Chetty
John N. Friedman
Søren Leth-Petersen
Torben Nielsen

Active vs Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark

September 2012
NB12-18 Chinhui Juhn
Kristin McCue

Workplace Characteristics and Employment of Older Workers

September 2012
NB12-09 John B. Shoven
Sita Nataraj Slavov

The Decision to Delay Social Security Benefits: Theory and Evidence

September 2012
NB10-11 David Cutler
Ellen Meara
Seth Richards-Shubik

Healthy Life Expectancy: Estimates and Implications for Retirement Age Policy

November 2011
NB11-09 Ellen Meara
Jonathan Skinner

The Dynamics of Disability: Evidence from a Cohort of Back Pain Patients

September 2011
NB11-14 Katherine Baicker
Jonathan Skinner

Health Care Spending Growth and the Future of U.S. Tax Rates

September 2011
NB11-05 Jeffrey R. Brown
Gopi Shah Goda
Kathleen McGarry

Why Don't Retirees Insure Against Long-Term Care Expenses? Evidence from Survey Responses

September 2011
NB10-14 Amy Finkelstein
Sarah Taubman
Bill Wright
Mira Bernstein
Jonathan Gruber
Joseph P. Newhouse
Heidi Allen
Katherine Baicker
And the Oregon Health Study Group

The Oregon Health Insurance Experiment: Evidence from the First Year

September 2011
NB11-10 Liran Einav
Amy Finkelstein
Stephen Ryan
Paul Schrimpf
Mark Cullen

Selection on moral hazard in health insurance

September 2011
NB11-01 Jeffrey R. Brown
Anne M. Farrell
Scott J. Weisbenner

The Downside of Defaults

September 2011
NB11-06 Kevin Milligan
How is hardship avoided for those retiring before Social Security entitlement ages? Evidence from Survey Responses

September 2011
NB11-11 Erzo F. P. Luttmer
Andrew A. Samwick

The Costs and Consequences of Perceived Political Uncertainty in Social Security

September 2011
NB11-02 Pierluigi Balduzzi
Jonathan Reuter

Heterogeneity in Target-Date Funds and the Pension Protection Act of 2006

September 2011
NB11-07 Chinhui Juhn
Kristin McCue

Marriage, Employment and Inequality of Women’s Lifetime Earned Income Evidence from Survey Responses

September 2011
NB11-12 Courtney C. Coile
Phillip B. Levine

Recessions, Social Security, and Living Arrangements of the Elderly

September 2011
NB11-03 James Poterba
Steven Venti
David A. Wise

The Role of Social Security Benefits in the Asset Cost of Poor Health

September 2011
NB11-08 David M. Cutler
Ellen Meara
Seth Richards-Shubik

Health Shocks and Disability Transitions Among Near-elderly Workers

September 2011
NB09-08 David Autor
Amitabh Chandra
Mark Duggan

Public Health Expenditures on the Working Age Disabled: Assessing Medicare and Medicaid Utilization of SSDI and SSI Recipients

September 2011
NB11-13 Edgar Vogel
Alexander Ludwig
Axel Boersch-Supan

Aging and Pension Reform in a Two-Region World: The Role of Human Capital

September 2011
NB11-04 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

Does Widowhood Explain Gender Differences in Out-of-Pocket Medical Spending Among the Elderly?

September 2011
NB10-16 Raj Chetty
John N. Friedman
Soren Leth-Petersen
Torben H. Nielsen

How Do Tax-Deferred Savings Accounts Affect Savings Behavior? Evidence from Denmark

May 2011
NB09-19 Alan Auerbach
Lorenz Kueng
Ronald Lee

Propagation and Risk Spreading in Alternative Social Security Systems

April 2011
NB10-05 John Chalmers
Jonathan Reuter

What is the Impact of Financial Advisors on Retirement Portfolio Choices & Outcomes?

December 2010
NB10-13 Till von Wachter
Applications to Social Security Disability Insurance

September 2010
NB10-04 John Campbell
Adi Sunderam
Luis Viceira

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

September 2010
NB10-18 Courtney Coile
Phillip Levine

Reconsidering Retirement: How Losses and Layoffs Affect Older Workers

September 2010
NB10-09 Kevin Milligan
Incomes in the Transition to Retirement: Evidence from Canada

September 2010
NB09-05 John Beshears
James Cho
David Laibson
Brigitte Madrian

The Impact of 401(k) Loans on Saving

September 2010
NB10-10 Chinhui Juhn
Kristin McCue

Selection and Specialization in the Evolution of Couples' Earnings

September 2010
NB09-01 Jeffrey Liebman
Erzo Luttmer

Would People Behave Differently If They Better Understood Social Security? Evidence from a Field Study

September 2010
NB10-01B Samuel Preston
Andrew Stokes

Is the High Level of Obesity in the United States Related to Its Low Life Expectancy?

September 2010
NB10-15 Jialun Li
Kent Smetters

Optimal Portfolio Choice over the Life Cycle with Epstein-Zin-Weil Preferences and G-and-H Distribution

September 2010
NB10-06 James Poterba
Steven Venti
David Wise

The Asset Cost of Poor Health

September 2010
NB10-02 John Beshears
James Choi
David Laibson
Brigitte Madrian

The Limitations of Defaults

September 2010
NB10-07 Jeffrey Brown
Zoran Ivković
Scott Weisbenner

Political Risk and Discount Rates: Evidence from the Croatian Pension System

September 2010
NB10-12 Liran Einav
Amy Finkelstein
Iuliana Pascu
Mark Cullen
MD

How General Are Risk Preference? Choices under Uncertainty in Different Domains

September 2010
NB10-03 Justine Hastings
Investor Decisions and the Financial Crisis in Mexico's Privatized Social Security Market

September 2010
NB10-17 Gopi Shah Goda
John Shoven
Sita N. Slavov

How do Long-Run Financial Planning Expectations and Decisions Respond to Short-Run Fluctuations in Financial Markets?

September 2010
NB10-08 Bruce Meyer
James Sullivan

Consumption and Income of the Poor Elderly Since 1960

September 2010
NB10-01 Samuel Preston
Andrew Stokes

September 2010
NB10-01A Jessica Y. Ho
Samuel H. Preson

US Mortality in an International Context: Age Variations

June 2010
NB07-13 George Borjas
Social Security Eligibility and the Labor Supply of Elderly Immigrants

February 2010
NB09-06 Till von Wachter
The Effect of Labor Market Trends on the Incentives and Incidence for Claiming Social Security Benefits

December 2009
NB09-04 Justine Hastings
Fettered Consumers and Information Mandates: Evidence from Mexico's Privatized Social Security Market

September 2009
NB09-18 David Cutler
Estimating Work Capacity among Near Elderly and Elderly Men

September 2009
NB09-09 Andrew Samwick
The Design of Retirement Saving Programs in the Presence of Competing Consumption Needs

September 2009
NB09-14 Gopi Shah Goda
John Shoven
Sita Nataraj

How Well Are Social Security Recipients Protected from Inflation?

September 2009
NB09-10 Axel Boersch-Supan
Alexander Ludwig

Aging, Asset Markets, and Asset Returns: A View from Europe to Asia

September 2009
NB09-15 John Chalmers
Jonathan Reuter

Is Retiree Demand for Life Annuities Rational? Evidence from Public Employees

September 2009
NB09-20 John Campbell
Luis Viceira

Understanding Inflation-Indexed Bond Markets

September 2009
NB09-11 Samuel Preston
Causes of Lagging Life Expectancy at Older Ages in the United States

September 2009
NB09-02 George Borjas
Economic Wellbeing of the Elderly Immigrant Population

September 2009
NB09-16 Kent Smetters
Optimal Portfolio Choice with Fat Tails

September 2009
NB09-07 Jonathan Skinner
Kathleen McGarry

The Long-Term Financial and Health Outcomes of Disability Insurance Applicants

September 2009
NB09-21 Chinhui Juhn
Kristin McCue
Simon Potter

Trends in Earnings Instability of Couples: How Important is Marital Sorting?

September 2009
NB09-12 Jeffrey Brown
Joshua Pollet
Scott Weisbenner

The Investment Behavior of State Pension Plans

September 2009
NB09-03 James Poterba
Steven Venti
David Wise

Family Status Transitions, Latent Health, and the Post-Retirement Evolution of Assets

September 2009
NB09-17 Kristine Brown
Ron Laschever

When They're Sixty-Four: Peer Effects and the Timing of Retirement

September 2009
NB09-13 Bruce Meyer
Wallace K.C. Mok

Disability, Earnings, Income and Consumption

September 2009
NB08-04 Thomas Bubolz
Jonathan Skinner

Regional Variation in Medicare Expenditures for the SSDI Population

December 2008
NB08-07 David H. Autor
Mark Duggan

The Effect of Transfer Income on Labor Force Participation and Enrollment in Federal Benefits Programs: Evidence from the Veterans Disability Compensation Program

October 2008
NB08-10 George J. Borjas
Immigration and Labor Market Outcomes in the Native Elderly Population

September 2008
NB08-01 Jeffrey B. Liebman
Erzo F.P. Luttmer

The Perception of Social Security Incentives for Labor Supply and Retirement: The Median Voter Knows More Than You'd Think

September 2008
NB06-14 David M. Cutler
Health and the Factors Driving Medical Spending

September 2008
NB08-15 Kent Smetters
Walter Theseira

A Matter of Trust: Understanding Worldwide Public Pension Conversions

September 2008
NB08-06 James Poterba
Steven Venti
David A. Wise

Tapping Assets in Retirement: Which Assets, How and When?

September 2008
NB08-11 John Geanakoplos
Stephen P. Zeldes

The Market Value of Social Security

September 2008
NB08-02 Sarena Goodman
Jeffrey B. Liebman

The Taxation of Social Security Benefits as an Approach to Means Testing

September 2008
NB08-12 Bruce D. Meyer
Wallace K.C. Mok
James X. Sullivan

The Under-Reporting of Transfers in Household Surveys: Its Nature and Consequences

September 2008
NB08-03 Chinhui Juhn
Simon Potter

Interactions in the Labor Market Behavior of Couples over the Life Course

September 2008
NB08-08 Till von Wachter
Jae Song
Joyce Manchester

The Employment Effects of Social Security Disability Insurance in the Past 25 Years: A Study of Rejected Applicants Using Administrative Data

September 2008
NB08-13 John M.R. Chalmers
Woodrow T. Johnson
Jonathan Reuter

Who Determines When You Retire? Peer Effects and Retirement

September 2008
NB08-09 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

A Primer on 401(k) Loans

September 2008
NB08-05 Jeffrey R. Brown
Scott Weisbenner

The Distributional Effects of the Social Security Windfall Elimination Provision

September 2008
NB07-08 Ying Chen
Kent Smetters

Should the Poor Own Stocks? The Role of Social Security

August 2008
NB08-14 Axel Boersch-Supan
Alexander Ludwig

Aging, Asset Markets, and Asset Returns

August 2008
NB07-03 Kathleen McGarry
Jonathan Skinner

The Impact of Health and Health Care Expenditures on Future Retirement Financial Security

February 2008
NB07-05 Samuel Preston
Caroline Sten

The Future of American Fertility

December 2007
NB07-15 David Cutler
Jeffrey Liebman
Mark Shepard
Seamus Smyth

An Expanded Model of Health and Retirement

December 2007
NB07-06 James Poterba
Steven Venti
David Wise

Demographic Trends, Housing Equity, and the Financial Security of Future Retirees

December 2007
NB07-02 Jeffrey Brown
Olivia Mitchell

Who Values the Social Security Annuity? New evidence on the Annuity Puzzle

December 2007
NB07-07 Wolfgang Kuhle
Alexander Ludwig
Axel Boersch-Supan

Demographic Change, and the Equity Premium

December 2007
NB07-18 John Geanakoplos
Stephen Zeldes

The Market Value of Accrued Social Security Benefits

December 2007
NB07-04 Bruce Meyer
James X. Sullivan

Consumption and Income Poverty for Those 65 and Older

September 2007
NB07-01 Jeffrey Brown
Scott Weisbenner

Why Do Individuals Choose Define Contribution Plans?

September 2007
NB07-09 John Beshears
James Choi
David Laibson
Brigitte Madrian

The Impact of Employer Matching on Savings Plan Participation under Automatic Enrollment

August 2007
NB07-14 Chinhui Juhn
Simon Potter

Is There Still an Added Worker Effect?

August 2007
NB07-10 Gopi Shah Goda
John Shoven
Sita Nataraj Slavov

Social Security and the Timing of Divorce

August 2007
NB07-11 Gopi Shah Goda
John Shoven
Sita Nataraj Slavov

A Tax on Work for the Elderly: Medicare as a Secondary Payer

August 2007
NB07-12 John Campbell
Adi Sunderam
Luis Viceira

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

August 2007
NB06-04 James Poterba
Steven Venti
David A. Wise

The Rise of 401(k) Plans, Lifetime Earnings, and Wealth at Retirement

June 2007
NB07-16 Liran Einav
Amy Finkelstein
Paul Schrimpf

The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market

June 2007
NB06-13 David M. Cutler
Edward L. Glaeser
Allison B. Rosen

Is the US Population Behaving Healthier?

March 2007
NB06-09 Alan J. Auerbach
Ronald Lee

Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability

December 2006
NB06-10 Jeffrey R. Brown
Julia Lynn Coronado
Don Fullerton

The Progressivity of Social Security

December 2006
NB06-05 Andrew Biggs
Clark Burdick
Kent Smetters

Pricing Personal Account Benefit Guarantees: A Simplified Approach

December 2006
NB06-11 Alexander Ludwig
Dirk Kruger
Axel Boersch-Supan

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

December 2006
NB06-01 James Poterba
Steven Venti
David Wise

The Decline of Defined Benefit Retirement Plans and Asset Flows

December 2006
NB06-06 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

Removing the Disincentives in Social Security for Long Careers

December 2006
NB06-12 Jeffrey B. Liebman
Erzo F.P. Luttmer
David G. Seif

Labor Supply Responses to the Social Security Tax-Benefit Link

December 2006
NB06-02 Andrew Samwick
Changing Progressivity as a Means of Risk Protection in Investment-Based Social Security

December 2006
NB04-06 Jeffrey Liebman
Emmanuel Saez

Earning Responses to Increases in Payroll Taxes

September 2006
NB06-03 Jeffrey R. Brown
Scott J. Weisbenner

Who Chooses Defined Contribution Plans?

September 2006
NB06-07 James Poterba
Joshua Rauh
Steven Venti
David Wise

Reducing Social Security PRA Risk at the Individual Level - Lifecycle Funds and No-Loss Strategies

July 2006
NB04-05 David Cutler
Jeffrey Liebman
Seamus Smyth

How Fast Should the Social Security Retirement Age Rise?

July 2006
NB05-05 David Cutler
Edward Glaeser
Allison Rosen

Trends in Risk Factors in the United States, 1971-1975 v. 1999-2002

April 2006
NB05-07 John Geanakoplos
Stephen Zeldes

Reforming Social Security with Progressive Personal Accounts

December 2005
NB05-03 Jeffrey Brown
Scott Weisbenner

401(k) Investment Options, Portfolio Choic and Retirement Wealth

December 2005
NB05-01 James Poterba
Steven Venti
David Wise

Demographic Change, Retirement Saving, and Financial Market Returns: Part 1

December 2005
NB05-06 James Choi
Xavier Gabaix
David Laibson
Brigitte Madrian

Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds

December 2005
NB05-08 Alan Auerbach
Ronald Lee

Welfare and Generational Equity in Sustainable Unfunded Pension Systems

October 2005
NB05-04 Axel Boersch-Supan
Alexander Ludwig
Joachim Winter

Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model

October 2005
NB04-08 James Choi
David Laibson
Brigitte Madrian

$100 Bills on the Sidewalk: Suboptimal Saving in 401(k) Plans

July 2005
NB05-02 John Shoven
Sita Slavov

Political Risk vs Market Risk in Social Security

July 2005
NB04-03 Martin Feldstein
Reducing the Risk of Investment-Based Social Security Reform

December 2004
NB04-04 Jeffrey R. Brown
Scott Weisbenner

Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401(k) Plans

December 2004
NB04-01 Ronald Lee
Timothy Miller
Michael Anderson

Stochastic Infinite Horizon Forecasts for Social Security and Related Studies

November 2004
NB04-02 Sita Nataraj
John B. Shoven

Has the Unified Budget Undermined the Federal Government Trust Funds?

November 2004
NB04-07 Laurence J. Kotlikoff
Kent Smetters
Jan Walliser

Diminishing America's Demographic Dilemma Through Pre-Funding Social Security

September 2004