CDHA CAAR

September 30, 2013

CAAR – Scottish Government/Riaghaltas na h-Alba Report – September 30, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:34 pm

Pensions in an Independent Scotland,” (September 2013, .pdf and HTML format, 109p.).

www.scotland.gov.uk/Publications/2013/09/3492

CAAR – Tables of Contents – September 30, 2013

Filed under: Journal Table of Contents — Tags: , — admin @ 4:24 pm

Medical Care Research and Review (Vol. 70, No. 5, October 2013).

mcr.sagepub.com/content/70/5.toc

Rotman International Journal of Pension Management (Vol. 42, No. 2, Fall 2013).

www.rijpm.com/journal/journal

September 26, 2013

CAAR – UK Parliamentary Library Notes – September 26, 2013

Filed under: Reports and Articles — Tags: — admin @ 2:45 pm

Carer’s Allowance and the Retirement Pension,” by Steven Kennedy (SN06349, September 2013, .pdf format, 7p.).

www.parliament.uk/briefing-papers/SN06349/carer-s-allowance-and-the-retirement-pension

CAAR – UK Office for National Statistics Statistical Bulletin – September 26, 2013

Filed under: Reports and Articles — Tags: — admin @ 2:44 pm

Occupational Pension Schemes Survey, 2012,” (September 2013, .pdf and HTML format, 18p.).

www.ons.gov.uk/ons/rel/fi/occupational-pension-schemes-survey/2012/stb-opss-2012.html

September 25, 2013

CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Papers – September 25, 2013

Filed under: Working Papers — Tags: , — admin @ 5:03 pm

Note: PRC requires free registration before providing working papers

A. “Evaluating Pension Insurance Pricing,” by avid F. Babbel (WP2013-17, September 2013, .pdf format, 33p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1144

B. “Joint Risk of DB Pension Underfunding and Sponsor Termination: Incorporating Options-Based Projections and Valuations into PIMS,” by Deborah Lucas (WP2013-16, September 2013, .pdf format, 28p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1143

C. “Measuring and Explaining Pension System Risk,” by Frank J. Fabozzi (WP2013-15, September 2013, .pdf format, 21p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1142

D. “Modeling Risk-based Pension Insurance Premiums,” by Martin G. Clarke (WP2013-14, September 2013, .pdf format, 32p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1141

E. “An Actuarial Perspective on Pension Plan Funding,” by Donald J. Segal (WP2013-13, September 2013, .pdf format, 14p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1140

F. “Actuarial Perspectives on Defined Benefit Pension Risk – Modeling Emerging Issues,” by Christopher M. Bone (WP2013-12, September 2013, .pdf format, 21p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1139

G. “Observations on Actuarial Assumptions and Models for Defined Benefit Pension Plans,” by Donald E. Fuerst (WP2013-11, September 2013, .pdf format, 14p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1138

H. “Integrated Risk Management for Defined Benefit Pensions: Models and Metrics,” by Raimond Maurer (WP2013-10, September 2013, .pdf format, 21p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1137

I. “Economic and Financial Approaches to Valuing Pension Liabilities,” by Robert Novy-Marx (WP2013-09, September 2013, .pdf format, 21p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1136

J. “Financial Market Assumptions & Models for Pension Plans: A Technical Comment on the PIMS Model Assumptions for Asset Markets,” by Christopher C. Geczy (WP2013-08, September 2013, .pdf format, 27p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1135

K. “Technical Review Panel for the PIMS Model: Final Report,” by Olivia S. Mitchell (WP2013-07, September 2013, .pdf format, 17p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1134

September 24, 2013

CAAR – US Census Bureau Data Update – September 24, 2013

Filed under: Data Files — Tags: , — admin @ 5:02 pm

Quarterly Survey of Public Pensions: State & Local Government – 2013 Second Quarter,” (September 2013, Excel and .pdf format).

www.census.gov/govs/qpr/

September 23, 2013

CAAR – National Bureau of Economic Research Working Papers – September 23, 2013

Filed under: Working Papers — Tags: , , — admin @ 4:53 pm

A. “Spousal Health Effects – the Role of Selection,” by James Banks, Elaine Kelly, and James P. Smith (w19438, September 2013, .pdf format, 37p.).

Abstract:

In this paper, we investigate the issue of partner selection in the health of individuals who are at least fifty years old in England and the United States. We find a strong and positive association in family background variables including education of partners and their parents. Adult health behaviors such as smoking, drinking, and exercise are more positively associated in England compared to the United States. Childhood health indicators are also positively associated across partners.

We also investigated pre and post partnership smoking behavior of couples. There exists strong positive assortative mating in smoking in that smokers are much more likely to partner with smokers and non-smokers with non-smokers. This relationship is far stronger in England compared to the United States. In the United States, we find evidence of asymmetric partner influence in smoking in that men’s pre marriage smoking behavior influences his female partner’s post marriage smoking behavior but there does not appear to be a parallel influence of women’s pre-marriage smoking on their male partner’s post-marital smoking. These relationships are much more parallel across genders in England.

www.nber.org/papers/w19438

B. “Wages, Pensions, and Public-Private Sector Compensation Differentials for Older Workers,” by Philipp Bewerunge and Harvey S. Rosen (w19454, September 2013, .pdf format, 41p.).

Abstract:

We use a sample of full-time workers over 50 years of age from the 2004 and 2006 waves of the Health and Retirement Study to investigate whether workers in federal, state, and local government receive more generous wage and pension compensation than private sector workers, ceteris paribus. With respect to hourly remuneration (wages plus employer contributions to defined contribution plans), federal workers earn a premium of about 28 log points, taking differences in employee characteristics into account. However, there are no statistically discernible differences between state and local workers and their private sector counterparts, ceteris paribus. These findings are about the same whether or not indicators of occupation are included in the model. On the other hand, pension wealth accumulation is greater for employees in all three government sectors than for private sector workers, even after taking worker characteristics into account. As a proportion of the hourly private-sector wage, the hourly equivalent public-private differentials are about 17.2 percent, 13.4 percent, and 12.6 percent for federal, state, and local workers, respectively. We find no evidence that highly-educated individuals are penalized by taking jobs in the public sector, either with respect to wages or pension wealth.

www.nber.org/papers/w19454

CAAR – UK Parliamentary Library Standard Note – September 23, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:50 pm

Teachers’ Pension Schemes- current reforms,” by Djuna Thurley (SN06731, September 2013, .pdf format, 33p.).

www.parliament.uk/briefing-papers/SN06731/teachers-pension-schemes-current-reforms

CAAR – Deloitte Actuaries and Consultants Report – September 23, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:49 pm

The Dynamics of the Australian Superannuation System: the next 20 years 2011 – 2030,” (September 2013, .pdf format, 32p.).

www.deloitte.com/view/en_AU/au/industries/financialservices/wealthmanagementinvestment/90a55f76b2c53310VgnVCM3000001c56f00aRCRD.htm

September 20, 2013

CAAR – University of Michigan Retirement Research Center Working Papers – September 20, 2013

Filed under: Working Papers — Tags: , , , — admin @ 12:17 pm

A. “The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study,” by Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai (WP 2013-288, September 2013, .pdf format, 63p.). Note: Links to the abstract and full-text can be found at:

www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=915

B. “Did Age Discrimination Protections Help Older Workers Weather the Great Recession?” by David Neumark and Patrick Button (WP 2013-287, September 2013, .pdf format, 46p.). Note: Links to the abstract and full-text can be found at:

www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=912

September 19, 2013

CAAR – Social Justice Ireland Report – September 19, 2013

Filed under: Reports and Articles — Tags: , — admin @ 3:07 pm

A Universal Pension for Ireland,” by Adam Larragy (September 2013, .pdf format, 52p.). The report is linked from a SJI news release: “Ireland could and should have a Universal Pension for all older people.”

www.socialjustice.ie/content/ireland-could-and-should-have-universal-pension-all-older-people

Click on “full study” for link to full text.

More information about SJI:

www.socialjustice.ie/content/about-us

September 17, 2013

CAAR – UK Department of Work and Pensions Report – September 17, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:27 pm

Framework for the analysis of future pension incomes,” (September 2013, .pdf format, 42p.).

www.gov.uk/government/publications/framework-for-the-analysis-of-future-pension-incomes

September 12, 2013

CAAR – US House Committee on Oversight and Government Reform, Subcommittee on Government Operations Hearing Testimony – September 12, 2013

Filed under: Legislation Information Updates — Tags: — admin @ 3:29 pm

Oversight of the SIGTARP Report on Treasury’s Role in the Delphi Pension Bailout,” a hearing held September 11, 2013 (witness statements available in .pdf format, video of the hearing is available at the site, running time 49 minutes 36 seconds).

oversight.house.gov/hearing/oversight-of-the-sigtarp-report-on-treasurys-role-in-the-delphi-pension-bailout/

September 11, 2013

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – September 11, 2013

Filed under: Working Papers — Tags: , — admin @ 4:02 pm

(Lack of) Pension Knowledge,” by Alan Barrett, Irene Mosca, and Brendan J. Whelan (Discussion Paper No. 7596, August 2013, .pdf format, 21p.). Note: Links to the abstract and full-text can be found at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=7596

September 9, 2013

CAAR – UK Parliamentary Library Research Notes – September 9, 2013

Filed under: Reports and Articles — Tags: — admin @ 3:43 pm

Pensions: possible statutory override for ‘protected persons regulations’,” by Djuna Thurley (SN06725, September 2013, .pdf format, 9p.).

www.parliament.uk/briefing-papers/SN06725/pensions-possible-statutory-override-for-protected-persons-regulations

August 29, 2013

CAAR – C.D. Howe Institute [Toronto, Ontario, Canada] Commentary – August 29, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:29 pm

Ontario Pension Policy 2013: Key Challenges Ahead,” by Barry Gros (Commentary No. 386, August 2013, .pdf format, 10p.).

www.cdhowe.org/ontario-pension-policy-2013-key-challenges-ahead/22573

CAAR – Tables of Contents – August 29, 2013

Filed under: Journal Table of Contents — Tags: , , — admin @ 4:24 pm

Clinical Gerontologist (Vol. 36, No. 5, 2013).

www.tandfonline.com/toc/wcli20/36/5

Educational Gerontology (Vol. 39, No. 11, November 2013).

www.ingentaconnect.com/content/routledg/uedg/2013/00000039/00000011

International Journal of Aging and Human Development (Vol. 77, No. 2, 2013).

baywood.metapress.com/openurl.asp?genre=issue&eissn=1541-3535&volume=77&issue=2

Journal of Pension Economics and Finance (Vol. 12, No. 4, October 2013).

journals.cambridge.org/action/displayIssue?decade=2010&jid=PEF&volumeId=12&issueId=04&iid=8990876

August 28, 2013

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – August 28, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:56 pm

The Intergenerational Welfare State,” by Torben M. Andersen and Joydeep Bhattacharya (Working Paper No. 4359, August 2013, .pdf format, 47p.). Note: Links to the abstract and full-text can be found at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19096134

August 22, 2013

CAAR – US Census Bureau Report – August 22, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:17 pm

2011 Annual Survey of Public Pensions: State- and Locally-Administered Defined Benefit Data,” By Erika Becker-Medina (G11-ASPP-SL, August 2013, .pdf format, 46p.).

www2.census.gov/govs/retire/2011summaryreport.pdf

August 20, 2013

CAAR – UK Parliamentary Library Standard Note – August 20, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:23 pm

Firefighters pension schemes – current reforms,” by Djuna Thurley (SN06585, August 2013, .pdf format, 32p.).

www.parliament.uk/briefing-papers/SN06585/firefighters-pension-schemes-current-reforms

August 8, 2013

CAAR – UK Department of Work and Pensions Report – August 8, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:02 pm

Automatic enrolment opt out rates: findings from research with large employers,” (August 2013, .pdf format, 8p.).

www.gov.uk/government/publications/automatic-enrolment-opt-out-rates-findings-from-research-with-large-employers

August 1, 2013

CAAR – US Census Bureau Data Release – August 1, 2013

Filed under: Data Files — Tags: — admin @ 4:33 pm

2012 Census of Governments: Finance – Survey of Public Pensions: State-Administered Defined Benefit Data,” (July 2013, ASCII text (data) and .pdf (documentation) format). Note: A ‘Summary Report’ will be available soon.

www.census.gov/govs/retire/state_retire.html

July 30, 2013

CAAR – Center for Retirement Research at Boston College Issue Briefs – July 30, 2013

Filed under: Reports and Articles — Tags: , — admin @ 4:14 pm

A. “New Brunswick’s New Shared Risk Pension Plan,” by Alicia H. Munnell and Steven A. Sass (SLP No. 33, July 2013, .pdf format, 8p.).

crr.bc.edu/briefs/new-brunswicks-new-shared-risk-pension-plan/

B. “How Does Women Working Affect Social Security Replacement Rates?” by April Yanyuan Wu, Nadia S. Karamcheva, Alicia H. Munnell and Patrick Purcell (IB No. 13-10, July 2013, .pdf format, 7p.).

crr.bc.edu/briefs/how-does-women-working-affect-social-security-replacement-rates/

July 25, 2013

CAAR – Australia Institute Report – July 25, 2013

Filed under: Reports and Articles — Tags: , — admin @ 4:07 pm

What’s choice got to do with it?” by Prue Cameron (Policy Brief No. 55, July 2013, .pdf format, 21p.).

www.tai.org.au/index.php?q=node%2F19&pubid=1199&act=display

CAAR – GESIS-Leibniz Institute for the Social Sciences (Mannheim/Koln/Bonn Germany) Data Release – July 25, 2013

Filed under: Data Files — Tags: — admin @ 4:03 pm

GESIS has recently added the following dataset to its holdings:

- Old-Age Insurance in Germany 2007 (ASID ´07) (ZA5799)

info1.gesis.org/gesis-data-news/newsfeed-en.asp?id=886

July 23, 2013

CAAR – Institute for Fiscal Studies [London, UK] Report – July 23, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:19 pm

A single-tier pension: what does it really mean?” by Rowena Crawford, Soumaya Keynes and Gemma Tetlow (IFS Report R82, July 2013, .pdf format, 71p.).

www.ifs.org.uk/publications/6796

July 19, 2013

CAAR – US Social Security Administration, Office of the Chief Actuary Report – July 19, 2013

Filed under: Reports and Articles — Tags: — admin @ 3:45 pm

International Update, July 2013,” (July 2013, .pdf format, 4p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2013-07/index.html

CAAR – Organization for Economic Co-operation and Development Working Paper – July 19, 2013

Filed under: Working Papers — Tags: — admin @ 3:38 pm

Pension Fund Investment in Infrastructure: A Comparison between Australia and Canada,” by Georg Inderst and Raffaele Della Croce (OECD Working Papers on Finance, Insurance and Private Pensions, No. 32, July 2013, .pdf format, 54p.). Note: Links to the abstract and full-text can be found at:

www.oecd-ilibrary.org/content/workingpaper/5k43f5dv3mhf-en

July 18, 2013

CAAR – UK Parliamentary Library Standard Note – July 18, 2013

Filed under: Reports and Articles — Tags: — admin @ 3:47 pm

Pensioner benefits,” by Djuna Thurley, Steven Kennedy, and Richard Cracknell (SN06354, July 2013, .pdf format, 29p.).

www.parliament.uk/briefing-papers/SN06354/pensioner-benefits

July 17, 2013

CAAR – UK Office for National Statistics Report – July 17, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:24 pm

Pension Trends has added three new chapters: Chapter 6: Private Pensions; Chapter 7: Private Pension Scheme Membership; and Chapter 8: Pension Contributions (2013 Edition, July 2013, .pdf and HTML format).

www.ons.gov.uk/ons/about-ons/release-information/publications/pension-trends/index.html

July 12, 2013

CAAR – UK National Audit Office Report – July 12, 2013

Filed under: Reports and Articles — Tags: , — admin @ 4:22 pm

Government Interventions to Support Future Retirement Incomes,” (July 2013, .pdf format, 50p.).

www.nao.org.uk/report/government-interventions-to-support-future-retirement-incomes/

July 3, 2013

CAAR – Center for Retirement Research at Boston College Issue Briefs – July 3, 2013

Filed under: Reports and Articles — Tags: , — admin @ 2:24 pm

A. “The Funding of State and Local Pensions: 2012-2016,” by Alicia H. Munnell, Jean-Pierre Aubry, Josh Hurwitz and Madeline Medenica (SLP No. 32, July 2013, .pdf format, 15p.).

crr.bc.edu/briefs/the-funding-of-state-and-local-pensions-2012-2016/

B. “The Impact of Interest Rates on the National Retirement Risk Index,” by Alicia H. Munnell, Anthony Webb and Rebecca Cannon Fraenkel (IB No. 13-9, June 2013, .pdf format, 7p.).

crr.bc.edu/briefs/the-impact-of-interest-rates-on-the-national-retirement-risk-index/

CAAR – Organization for Economic Co-operation and Development Working Paper – July 3, 2013

Filed under: Working Papers — Tags: — admin @ 1:48 pm

Pension Fund Investment in Infrastructure: A Comparison between Australia and Canada,” by Georg Inderst and Raffaele Della Croce (OECD Working Papers On Finance, Insurance And Private Pensions No. 32, July 2013, .pdf format, 54p.).

Abstract:

Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the experience of institutional investors in the two countries looking at factors such as infrastructure policies, the pension system, investment strategies and governance of pension funds. The ‘Canadian model’ and the ‘(new) Australian model’ of infrastructure pose a challenge to the ‘private equity model’, dominant in Europe and the USA. Important lessons can be learnt by both policy makers and investors.

www.oecd.org/daf/fin/private-pensions/WP32Pension%20FundInvestmentInfrastructureAustraliaVsCanada.pdf

June 28, 2013

CAAR – US Census Bureau News Release – June 28, 2013

Filed under: Data Files — Tags: — admin @ 4:55 pm

“Summary of the Quarterly Survey of Public Pensions for 2013: 1st Quarter” (Jun. 27, 2013).

www.census.gov/newsroom/releases/archives/governments/cb13-tps63.html

June 27, 2013

CAAR – US Census Bureau Data Update – June 27, 2013

Filed under: Data Files — Tags: — admin @ 4:33 pm

Quarterly Survey of Public Pensions: State & Local Government – 2013 First Quarter,” (Microsoft Excel and .pdf format).

www.census.gov/govs/qpr/

CAAR – UK Parliamentary Library Note – June 27, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:30 pm

Pension Credit: assessed income periods,” by Djuna Thurley (SN06677, June 2013, .pdf format, 11p.).

www.parliament.uk/briefing-papers/SN06677

June 25, 2013

CAAR – World Bank Working Paper – June 25, 2013

Filed under: Working Papers — Tags: , — admin @ 3:38 pm

Expanding social insurance coverage in urban China,” by John Giles, Dewen Wang, and Albert Park (WPS No. 6497, June 2013, .pdf and ASCII text format, 52p.). Note: Links to the abstract and full-text can be found at:

econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469382&menuPK=64166093&entityID=000158349_20130624115221

June 21, 2013

CAAR – National Bureau of Economic Research Working Papers – June 21, 2013

Filed under: Working Papers — Tags: , , , , — admin @ 4:11 pm

A. “Medicaid Insurance in Old Age,” by Mariacristina De Nardi, Eric French, and John Bailey Jones (w19151, June 2013, .pdf format, 50p.).

Abstract:

The old age provisions of the Medicaid program were designed to insure poor retirees against medical expenses. However, it is the rich who are most likely to live long and face expensive medical conditions when very old. We estimate a rich structural model of savings and endogenous medical spending with heterogeneous agents, and use it to compute the distribution of lifetime Medicaid transfers and Medicaid valuations across single retirees.

We find that retirees with high lifetime incomes can end up on Medicaid, and often value Medicaid’s insurance features the most, as they face a larger risk of catastrophic medical needs at old ages, and face the greatest consumption risk. Finally, our compensating differential calculations indicate that retirees value Medicaid insurance at more than its actuarial cost, but that most would value expansions of the current Medicaid program at less than cost.

www.nber.org/papers/w19151

B. “Donative Behavior at the End of Life,” by Jonathan Meer and Harvey S. Rosen (w19145, June 2013, .pdf format, 20p.).

Abstract:

A general finding in the empirical literature on charitable giving is that among older individuals, both the probability of giving and the conditional amount of donations decrease with age, ceteris paribus. In this paper, we use data on giving by alumni at an anonymous university to investigate end-of-life giving patterns. Our main finding is that taking into account the approach of death substantially changes the age-giving profile for the elderly-in one segment of the age distribution, the independent effect of an increase in age on giving actually changes from negative to positive.

We examine how the decline in giving as death approaches varies with the length of time that a given condition is likely to bring about death, and the individual’s age when he died. We find that for individuals who died from conditions that bring about death fairly quickly, there is little decline in giving as death approaches compared to those who died from other causes. Further, the decline in giving as death approaches is steeper for the elderly (for whom death is less likely to be a surprise) than for the relatively young. These findings suggest that our primary result, that failing to take into account the approach of death leads to biased inferences with respect to the age-giving profile, is not merely an artifact of some kind of nonlinearity in the relationship between age and giving.

www.nber.org/papers/w19145

C. “Informal Care and Caregiver’s Health,” by Young Kyung Do, Edward C. Norton, Sally Stearns, and Courtney H. Van Houtven (w19142, June 2013, .pdf format, 30p.).

Abstract:

This study aims to measure the causal effect of informal caregiving on the health and health care use of women who are caregivers, using instrumental variables. We use data from South Korea, where daughters and daughters-in-law are the prevalent source of caregivers for frail elderly parents and parents-in-law. A key insight of our instrumental variable approach is that having a parent-in-law with functional limitations increases the probability of providing informal care to that parent-in-law, but a parent-in-law’s functional limitation does not directly affect the daughter-in-law’s health. We compare results for the daughter-in-law and daughter samples to check the assumption of the excludability of the instruments for the daughter sample. Our results show that providing informal care has significant adverse effects along multiple dimensions of health for daughter-in-law and daughter caregivers in South Korea.

www.nber.org/papers/w19142

D. “Propagation and Smoothing of Shocks in Alternative Social Security Systems,” by Alan Auerbach, Lorenz Kueng, and Ronald Lee (w19137, June 2013, .pdf format, 41p.).

Abstract:

Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing and propagation of shocks of three pay-as-you-go public pension schemes, based on the actual U.S. and German systems, which vary in the extent to which they rely on tax adjustments versus benefit adjustments to provide annual cash-flow budget balance. Modifying the Auerbach-Kotlikoff (1987) dynamic general-equilibrium overlapping generations model to incorporate realistic patterns of fertility and mortality and shocks to productivity, fertility and mortality, we evaluate the effectiveness of the three public pension systems at spreading the effects of such shocks. We find that the systems, particularly those that rely to some extent on tax adjustments, are effective at spreading fertility and mortality shocks, but that this is not the case for productivity shocks, for which the pension systems actually tend to concentrate the economic impact. These results suggest that both system design and the source of shocks are important factors in determining the potential of public pension arrangements to spread the burden of shocks.

www.nber.org/papers/w19137

June 19, 2013

CAAR – National Center for Analysis of Longitudinal Data in Education Research [CALDER] Working Paper – June 19, 2013

Filed under: Working Papers — Tags: — admin @ 4:13 pm

Which Plan to Choose? The Determinants of Pension System Choice for Public School Teachers,” by Dan Goldhaber and Cyrus Grout (Working Paper 98, June 2013, .pdf format, 53p.). Note: Links to the abstract and full-text can be found at:

www.caldercenter.org/publications/calder-working-paper-98.cfm

June 18, 2013

CAAR – US Social Security Administration, Office of the Chief Actuary Reports – June 18, 2013

Filed under: Reports and Articles — Tags: , — admin @ 4:49 pm

A. “SSI Recipients by State and County, 2012,” (June 2013, .pdf and Excel format, 116p.).

www.ssa.gov/policy/docs/statcomps/ssi_sc/2012/index.html

B. “International Update, June 2013,” (June 2013, .pdf format, 5p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2013-06/index.html

CAAR – Rand Corporation Working Paper – June 18, 2013

Filed under: Working Papers — Tags: — admin @ 4:46 pm

Designing Better Pension Benefits Statements: Current Status, Best Practices and Insights from the Field of Judgment and Decisionmaking,” by Lauren A. Fleishman-Mayer, Angela A. Hung, Joanne K. Yoong, Jack Clift, and Caroline Tassot (WR-951, April 2013, .pdf format, 33p.). Note: Links to the abstract and full-text can be found at:

www.rand.org/pubs/working_papers/WR951.html

June 13, 2013

CAAR – Brookings Institution Report – June 13, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:51 pm

“Are Public Pensions Keeping Up with the Times?” by Richard W. Johnson, Matthew M. Chingos and Grover J. Whitehurst (June 2013, .pdf format, 58p.).

www.brookings.edu/research/reports/2013/06/12-public-pensions-johnson-chingos-whitehurst

June 12, 2013

CAAR – US House Committee on Education and the Workforce, Subcommittee on Health, Employment, Labor, and Pensions Hearing Testimony – June 12, 2013

Filed under: Legislation Information Updates — Tags: — admin @ 3:56 pm

Strengthening the Multiemployer Pension System: What Reforms Should Policymakers Consider?” a hearing held June 12, 2013 (witness statements available in .pdf format, full hearing can be viewed in Flash format, running time 1 hour 23 minutes).

edworkforce.house.gov/calendar/eventsingle.aspx?EventID=336686

June 10, 2013

CAAR – Center for Retirement Research at Boston College Working Papers – June 10, 2013

Filed under: Working Papers — Tags: , , — admin @ 4:38 pm

A. “Reforming the Railroad Retirement System,” by Steven A. Sass (WP No. 2013-13, June 2013, .pdf format, 26p.). Note: Links to the abstract and full-text can be found at:

crr.bc.edu/working-papers/reforming-the-railroad-retirement-system/

B. “How Do the Disabled Cope While Waiting for SSDI?” by Norma B. Coe, Stephan Lindner, Kendrew Wong and April Yanyuan Wu (WP No. 2013-12, June 2013, .pdf format, 38p.). Note: Links to the abstract and full-text can be found at:

crr.bc.edu/working-papers/how-do-the-disabled-cope-while-waiting-for-ssdi/

June 4, 2013

CAAR – National Bureau of Economic Research Working Paper – June 4, 2013

Filed under: Working Papers — Tags: — admin @ 4:28 pm

How Public Pension affects Elderly Labor Supply and Well-being: Evidence from India,” by Neeraj Kaushal (w19088, June 2013, .pdf format, 46p.).

Abstract:

We study the effect of a recent expansion in India’s National Old Age Pension Scheme on elderly well-being. Estimates suggest that public pension has a modestly negative effect on the employment of elderly/near elderly men with a primary or lower education but no effect of the employment of similar women. Pension raised family expenditures, lowering poverty, and the effect was smaller on families headed by illiterate persons suggesting lower pension coverage of this most disadvantaged group. Further, households spent most of the pension income on medical care and education. We find some weak evidence that pension raised longevity.

www.nber.org/papers/w19088

May 31, 2013

CAAR – University of Michigan Retirement Research Center Working Paper – May 31, 2013

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Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement Support,” by Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai (WP 2012-268, May 2013, .pdf format, 36p.). Note: Links to the abstract and full-text can be found at:

www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=856

 

May 30, 2013

CAAR – Tables of Contents – May 30, 2013

Filed under: Journal Table of Contents — Tags: , — admin @ 3:44 pm

Ageing and Society (Vol. 33, No. 5, July 2013).

journals.cambridge.org/action/displayIssue?decade=2010&jid=ASO&volumeId=33&issueId=05&iid=8925582

Journal of Pension Economics and Finance (Vol. 12, No. 3, July 2013).

journals.cambridge.org/action/displayIssue?decade=2010&jid=PEF&volumeId=12&issueId=03&iid=8928051

May 28, 2013

CAAR – Tables of Contents – May 28, 2013

Filed under: Journal Table of Contents — Tags: , , — admin @ 4:22 pm

Educational Gerontology (Vol. 39, No. 8, August 2013).

www.ingentaconnect.com/content/routledg/uedg/2013/00000039/00000008

Journal of Parkinson’s Disease (Vol. 3, No. 2, 2013).

iospress.metapress.com/content/q0202723np5m/

Rotman International Journal of Pension Management (Vol. 6, No. 1, Spring 2013).

www.rijpm.com/journal/journal_s/39

May 20, 2013

CAAR – US Social Security Administration, Office of the Chief Periodical – May 20, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:39 pm

International Update, May 2013 (May 2013, .pdf and HTML format).

www.ssa.gov/policy/docs/progdesc/intl_update/2013-05/index.html

May 16, 2013

CAAR – UK Parliamentary Library Research Notes – May 16, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:32 pm

A. “Pensions Bill 2013-14,” by Djuna Thurley (SN06634, May 2013, .pdf format, 12p.).

www.parliament.uk/briefing-papers/SN06634

B. “State pension: 25 pence age addition,” by Djuna Thurley (SN00321, May 2013, .pdf format, 6p.).

www.parliament.uk/briefing-papers/SN00321

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