NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by David Vanderweide

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Working Papers and Chapters

October 2013The Effects of Retiree Health Insurance Plan Characteristics on Retirees’ Choice and Employers’ Costs
with Robert Clark, Melinda Morrill: w19566
To moderate the rate of growth of retiree health insurance costs, employers can modify plans and move retirees into less expensive plans. We examine policy modifications implemented by the North Carolina State Health Plan. We investigate whether incentives produce the desired plan elections and whether these changes, along with cost shifting, produce the expected reductions in cost growth. Using individual-level administrative data, along with aggregated data on expenditures for retirees, we estimate the effects of the introduction and subsequent repeal of a Comprehensive Wellness Initiative for non-Medicare eligible retirees, as well as increases in coinsurance and copayments and the introduction of a premium for all retirees. Over a third of non-Medicare retirees shifted into the lea...
October 2012Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees
with Robert L. Clark, Melinda S. Morrill: w18488
Studies examining pension distribution choices have found that the tendency of private-sector workers is to select lump sum distributions instead of life annuities. In the public sector, defined benefit pensions usually offer lump sum distributions equal to employee contributions, not the present value of the annuity. Using administrative data from the North Carolina state and local government retirement systems, we find that over two-thirds of public sector workers under age 50 separating prior to retirement from public plans in North Carolina left their accounts open and did not request a cash distribution from the pension system within one year of separation. Furthermore, the evidence suggests many separating workers, particularly those with short tenure, may be forgoing important be...
August 2012The Reverse Annuity Puzzle: The Choice of Lump Sum Distributions among Separating Public Sector Workers
with Robert Clark, Melinda Morrill
in Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century, Robert Clark and Joshua Rauh, organizers

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

 
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