CDHA CAAR

December 8, 2016

CAAR – UK House of Commons Library Briefing Paper – December 8, 2016

Filed under: Reports and Articles — Tags: — admin @ 3:00 pm

Pensions and pensioners’ incomes: Social Indicators page,” by Richard Keen (SN02657, December 2016, .pdf format, 1p.).

researchbriefings.parliament.uk/ResearchBriefing/Summary/SN02657

December 6, 2016

CAAR – US Social Security Administration, Research, Statistics, & Policy Analysis Periodicals – December 6, 2016

Filed under: Reports and Articles — Tags: , — admin @ 5:02 pm

A. International Update, November 2016, (November 2016, .pdf and HTML format, 4p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-09/index.html

B. SSI Monthly Statistics, October 2016, (November 2016, .pdf and HTML format).

www.ssa.gov/policy/docs/statcomps/ssi_monthly/2016-08/index.html

December 1, 2016

CAAR – UK Department of Work and Pensions Report – December 1, 2016

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

Workplace pension participation and saving trends: 2005 to 2015,” (December 2016, .pdf and Excel format, 16p.).

www.gov.uk/government/statistics/workplace-pension-participation-and-saving-trends-2005-to-2015

CAAR – University of Michigan Retirement Research Center Working Papers – December 1, 2016

A. “Occupational Transitions at Older Ages: What Moves are People Making?” by Amanda Sonnega, Brooke Helppie McFall and Robert J. Willis (WP 2016-352, September 2016, .pdf format, 37p.). Note: Links to the abstract and the full text of the paper available at:

www.mrrc.isr.umich.edu/Publication/Abstract/1132?ptid=1

B. “How Home Equity Extraction and Reverse Mortgages Affect the Credit Outcomes of Senior Households,” by Stephanie Moulton, Donald Haurin, Samuel Dodini and Maximilian D. Schmeiser (WP 2016-351, September 2016, .pdf format, 60p.). Note: Links to the abstract and the full text of the paper available at:

www.mrrc.isr.umich.edu/Publication/Abstract/1130?ptid=1

C. “Cohort Changes in Social Security Benefits and Pension Wealth,” by Chichun Fang, Charles Brown and David Weir (WP 2016-350, September 2016, .pdf format, 71p.). Note: Links to the abstract and the full text of the paper available at:

www.mrrc.isr.umich.edu/Publication/Abstract/1131?ptid=1

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – December 1, 2016

Filed under: Working Papers — Tags: , — admin @ 4:27 pm

Addressing Longevity Heterogeneity in Pension Scheme Design and Reform,” by Mercedes Ayuso, Jorge Miguel Bravo, and Robert Holzmann (Discussion Paper No. 10378, November 2016, .pdf format, 26p.). Note: Links to the abstract and the full text of the paper available at:

legacy.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10378

November 18, 2016

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – November 18, 2016

Filed under: Working Papers — Tags: , — admin @ 4:52 pm

How Does Pension Eligibility Affect Labor Supply in Couples?” by Rafael Lalive and Pierpaolo Parrotta (Discussion Paper No. 10361, November 2016, .pdf format, 42p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10361

November 17, 2016

CAAR – Institute for Fiscal Studies [London, UK] Working Paper- November 17, 2016

Filed under: Working Papers — Tags: — admin @ 4:16 pm

What happens when employers are obliged to nudge? Automatic enrolment and pension saving in the UK,” by Jonathan Cribb and Carl Emmerson (W16/19, November 2016, .pdf format, 46p.). Note: Links to the abstract and the full text of the paper available at:

www.ifs.org.uk/publications/8723

CAAR – Center for Retirement Research at Boston College Issue Brief – November 17, 2016

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

New Developments in Social Investing by Public Pensions,” by Alicia H. Munnell and Anqi Chen (SLP No. 53, November 2016, .pdf format, 12p.).

crr.bc.edu/briefs/new-developments-in-social-investing-by-public-pensions/

November 4, 2016

CAAR – UK National Audit Office Report – November 4, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:44 pm

Introduction of the new state pension,” (November 2016, .pdf format, 52p.).

www.nao.org.uk/report/introduction-of-the-new-state-pension/

November 3, 2016

CAAR – Center for Retirement Research at Boston College Issue Briefs – November 3, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:54 pm

A. “Cognitive Aging: A Primer,” by Anek Belbase and Geoffrey T. Sanzenbacher (IB No. 16-17, November 2016, .pdf format, 9p.).

crr.bc.edu/briefs/cognitive-aging-a-primer/

B. “Does Public Pension Funding Affect Where People Move?” by Jean-Pierre Aubry and Caroline V. Crawford (SLP No. 52, October 2016, .pdf format, 10p.).

crr.bc.edu/briefs/does-public-pension-funding-affect-where-people-move/

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – November 3, 2016

Filed under: Working Papers — Tags: , — admin @ 4:50 pm

Couples’ Retirement under Individual Pension Design: A Regression Discontinuity Study for France,” by Elena G. F. Stancanelli (Discussion Paper No. 10322, November 2016, .pdf format, 43p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10322

CAAR – UK Department of Work and Pensions Report – November 3, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:48 pm

Pensions portfolio: new State Pension communications tracking research, July 2014 to April 2016,” (November 2016, .pdf format, 5p.).

www.gov.uk/government/publications/pensions-portfolio-new-state-pension-communications-tracking-research-july-2014-to-april-2016

November 1, 2016

CAAR – Organization for Economic Co-operation and Development Report – November 1, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:44 pm

Pension Markets in Focus 2016,” (October 2016, .pdf format, 45p.).

www.oecd.org/pensions/pensionmarketsinfocus.htm

October 13, 2016

CAAR – UK Department of Work and Pensions Report – October 13, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:40 pm

Workplace pensions: update of analysis on automatic enrolment 2016,” (October 2016, .pdf and Excel format, 12p.).

www.gov.uk/government/statistics/workplace-pensions-update-of-analysis-on-automatic-enrolment

CAAR – Tables of Contents – October 13, 2016

Filed under: Journal Table of Contents — Tags: , — admin @ 4:35 pm

American Journal of Alzheimer’s Disease and Other Dementias (Vol. 31, No. 7, November 2016).

aja.sagepub.com/content/31/7.toc

Journal of Pensions Economics and Finance (Vol. 15, No. 4, October 2016).

www.cambridge.org/core/journals/journal-of-pension-economics-and-finance/issue/EE52E208D84A4B77E6B9DD5D4733A9EA

October 10, 2016

CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Papers – October 10, 2016

Filed under: Working Papers — Tags: , — admin @ 4:58 pm

Note: Free registration is required to access any content.

A. “Removing the Legal Impediments to Offering Lifetime Annuities in Pension Plans,” by Jonathan Barry Forman (WP2016-6, August 2016, .pdf format, 54p.). Note: Links to the abstract and the full text of the paper available at:

www.pensionresearchcouncil.org/publications/document.php?file=1347

B. “Research Report from the INPARR Conference on Research Challenges for Global Pensions: Trends and Heterogeneity,” by Julie Agnew, Olivia S. Mitchell, John Piggott, James Nazroo, Monika Butler, Theo Nijman, Jessica Mosher, Phyllis Borzi, Agar Brugiavini, Satoshi Shimizutani, and David McCarthy (WP2016-08, August 2016, .pdf format, 15p.). Note: Links to the abstract and the full text of the paper available at:

www.pensionresearchcouncil.org/publications/document.php?file=1348

October 6, 2016

CAAR – Center for Retirement Research at Boston College Issue Briefs – October 6, 2016

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

A. “Will Pensions and OPEBs Break State and Local Budgets?” by Alicia H. Munnell and Jean-Pierre Aubry (SLP No. 51, October 2016, .pdf format, 8p.).

crr.bc.edu/briefs/will-pensions-and-opebs-break-state-and-local-budgets/

B. “How Much Does Housing Affect Retirement Security? An NRRI Update,” by Alicia H. Munnell, Wenliang Hou and Geoffrey T. Sanzenbacher (IB No. 16-16, September 2016, .pdf format, 9p.).

crr.bc.edu/briefs/how-much-does-housing-affect-retirement-security-an-nrri-update/

October 4, 2016

CAAR – Inter-American Development Bank Working Paper – October 4, 2016

Filed under: Working Papers — Tags: , — admin @ 4:58 pm

The Effect of Non-contributory Pensions on Saving in Mexico,” by Jorge Alonso, Catalina Amuedo-Dorantes and Laura Juarez (WP-630, October 2016, .pdf format, 42p.). Note: Links to the abstract and the full text of the paper available at:

publications.iadb.org/handle/11319/7861

CAAR – UK House of Commons Library Report, Brief – October 4, 2016

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

A. “Overview of the Pension Protection Fund,” by Djuna Thurley (SN03917, October 2016, .pdf format, 19p.).

researchbriefings.parliament.uk/ResearchBriefing/Summary/SN03917

B. “Lifetime ISA and pensions,” by Djuna Thurley (CBP-7724, October 2016, .pdf format, 18p.).

researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7724

October 3, 2016

CAAR – US Social Security Administration, Research, Statistics, & Policy Analysis Periodicals, Reports – October 3, 2016

A. International Update, September 2016, (September 2016, .pdf and HTML format, 3p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-09/index.html

B. SSI Monthly Statistics, August 2016, (September 2016, .pdf and HTML format).

www.ssa.gov/policy/docs/statcomps/ssi_monthly/2016-08/index.html

C. “Earnings and Employment Data for Workers Covered Under Social Security and Medicare, by State and County, 2013,” (September 2016, .pdf, HTML and Excel format, 455p.).

www.ssa.gov/policy/docs/statcomps/eedata_sc/2013/index.html

D. “Social Security Programs Throughout the World: Europe, 2016,” (September 2016, .pdf and HTML format, 340p.).

www.ssa.gov/policy/docs/progdesc/ssptw/2016-2017/europe/index.html

E. “OASDI Beneficiaries by State and ZIP Code, 2015,” (October 2016, .pdf and Excel format, 725p.).

www.ssa.gov/policy/docs/statcomps/oasdi_zip/2015/index.html

CAAR – US Census Bureau Data Release – October 3, 2016

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

Quarterly Survey of Public Pensions: State & Local Government – 2016 Second Quarter,” (October 2016, Excel format).

www.census.gov/govs/qpr/

CAAR – National Bureau of Economic Research Working Paper – October 3, 2016

Filed under: Working Papers — Tags: , , , , — admin @ 5:00 pm

Links to an abstract are available. For full text availability check your organization’s library.

A. “Teaching, Teachers Pensions and Retirement across Recent Cohorts of College Graduate Women,” by Maria D. Fitzpatrick (w22698, September 2016, .pdf format, 32p.).

www.nber.org/papers/w22698

B. “Economic Conditions and Mortality: Evidence from 200 Years of Data,” by David M. Cutler, Wei Huang, and Adriana Lleras-Muney (w22690, September 2016, .pdf format, 50p.).

www.nber.org/papers/w22690

C. “The Impact of Medical Marijuana Laws on the Labor Supply and Health of Older Adults: Evidence from the Health and Retirement Study,” by Lauren Hersch Nicholas and Johanna Catherine Maclean (w22688, September 2016, .pdf format, 39p.).

www.nber.org/papers/w22688

D. “The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States,” by Yoko Niimi and Charles Yuji Horioka (w22687, September 2016, .pdf format, 30p.).

www.nber.org/papers/w22687

E. “Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?” by Mathias Dolls, Philipp Doerrenberg, Andreas Peichl, and Holger Stichnoth (w22684, September 2016, .pdf format, 42p.).

www.nber.org/papers/w22684

CAAR – HelpAge International Report – October 3, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:58 pm

Realising income security in old age: A study into the feasibility of a universal old age pension in Malawi,” (October 2016, .pdf format, 31p.).

www.helpage.org/download/57f23cd36f1b6

September 22, 2016

CAAR – US House Committee on Education and the Workforce, Subcommittee on Health, Employment, Labor, and Pensions Hearing Testimony – September 22, 2016

Filed under: Legislation Information Updates — Tags: — admin @ 4:57 pm

Discussion Draft to Modernize Multiemployer Pensions,” a hearing held September 22, 2016 (witness statements available in .pdf format, video of the full hearing available at the site, running time 2 hours 1 minute). Note: Hearing begins at the 11:46 mark and ends at the 2:12:34 mark.

edworkforce.house.gov/calendar/eventsingle.aspx?EventID=401016

CAAR – UK Office for National Statistics Statistical Bulletin – September 22, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:54 pm

Occupational Pension Schemes Survey, UK: 2015,” (September 2016, .pdf and HTML format, 15p.).

www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/pensionssavingsandinvestments/bulletins/occupationalpensionschemessurvey/2015

September 19, 2016

CAAR – National Bureau of Economic Research Working Paper – September 19, 2016

Filed under: Working Papers — Tags: — admin @ 4:57 pm

Links to an abstract are available. For full text availability check your organization’s library.

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment,” by Assaf Hamdani, Eugene Kandel, Yevgeny Mugerman, and Yishay Yafeh (w22634, September 2016, .pdf format, 44p.).

www.nber.org/papers/w22634

September 9, 2016

CAAR – Heritage Foundation Issue Brief – September 9, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:38 pm

Government Intervention in Coal Mining Seven Decades Ago No Justification for Pension Bailout Today,” by Rachel Greszler (Backgrounder No. 3151, September 2016, .pdf format, 8p.).

www.heritage.org/research/reports/2016/09/government-intervention-in-coal-mining-seven-decades-ago-no-justification-for-pension-bailout-today

August 30, 2016

CAAR – National Center for Analysis of Longitudinal Data in Education Research [CALDER] Working Paper – August 30, 2016

Filed under: Working Papers — Tags: — admin @ 4:48 pm

Pensions and Late Career Teacher Retention,” by Dongwoo Kim, Cory Koedel, Shawn Ni, Michael Podgursky, and Weiwei Wu (Working Paper No. 164, July 2016, .pdf format, 34p.). Note: Links to the abstract and the full text of the paper available at:

www.caldercenter.org/publications/pensions-and-late-career-teacher-retention

CAAR – Pew Charitable Trusts Issue Brief – August 30, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:44 pm

The State Pension Funding Gap: 2014,” (August 2016, .pdf format, 18p.).

www.pewtrusts.org/en/research-and-analysis/issue-briefs/2016/08/the-state-pension-funding-gap-2014

August 29, 2016

CAAR – US Social Security Administration, Research, Statistics, and Policy Analysis Brief, Report and Periodicals – August 29,

Filed under: Reports and Articles — Tags: , , , — admin @ 5:02 pm

A. “Distributional Effects of Applying Social Security Taxes to Employer-Sponsored Health Insurance Premiums,” by Kathleen Romig, Dave Shoffner, and Kevin Whitman (Policy Brief No. 2016-01, August 2016, .pdf and HTML format, 8p.).

www.ssa.gov/policy/docs/policybriefs/pb2016-01.html

B. “Fast Facts & Figures About Social Security, 2016,” (August 2016, .pdf and HTML format, 37p.).

www.ssa.gov/policy/docs/chartbooks/fast_facts/2016/index.html

C. SSI Monthly Statistics, July 2016 (August 2016, .pdf and HTML format).

www.ssa.gov/policy/docs/statcomps/ssi_monthly/2016-07/index.html

D. International Update, August 2016 (August 2016, .pdf and HTML format, 3p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-08/index.html

CAAR – US Bureau of Labor Statistics Working Paper – August 29, 2016

Filed under: Working Papers — Tags: — admin @ 5:00 pm

The Impact of Oregon’s Pension Legacy Costs on New Teacher Turnover and Quality,” by Kevin E. Cahill, Andrew Dyke, and Michael D. Giandrea (WP-491, August 2016, .pdf format, 33p.). Note: Links to the abstract and the full text of the paper available at:

www.bls.gov/osmr/abstract/ec/ec160060.htm

CAAR – Center for Retirement Research at Boston College Working Papers – August 29, 2016

Filed under: Working Papers — Tags: , , , , — admin @ 4:59 pm

A. “The Mortality Effects of Retirement: Evidence from Social Security Eligibility at Age 62,” by Maria D. Fitzpatrick and Timothy J. Moore (WP No. 16-7, August 2016, .pdf format, 53p.). Note: Links to the abstract and the full text of the paper available at:

crr.bc.edu/working-papers/the-mortality-effects-of-retirement-evidence-from-social-security-eligibility-at-age-62/

B. “How Would Investing in Equities Have Affected the Social Security Trust Fund?” by Gary Burtless, Anqi Chen, Wenliang Hou, Alicia H. Munnell and Anthony Webb (WP No. 16-6, July 2016, .pdf format, 30p.). Note: Links to the abstract and the full text of the paper available at:

crr.bc.edu/working-papers/how-would-investing-in-equities-have-affected-the-social-security-trust-fund/

C. “Are Early Claimers Making a Mistake?” by Alicia H. Munnell, Geoffrey T. Sanzenbacher, Anthony Webb and Christopher M. Gillis (WP No. 16-5, July 2016, .pdf format, 28p.). Note: Links to the abstract and the full text of the paper available at:

crr.bc.edu/working-papers/are-early-claimers-making-a-mistake/

D. “Marital Histories, Gender, and Financial Security in Late Mid-Life: Evidence from Four Cohorts in the Health and Retirement Study,” by Amelia Karraker and Cassandra Dorius (WP No. 16-4, July 2016, .pdf format, 28p.). Note: Links to the abstract and the full text of the paper available at:

crr.bc.edu/working-papers/marital-histories-gender-and-financial-security-in-late-mid-life-evidence-from-four-cohorts-in-the-health-and-retirement-study-2/

E. “Pension Participation, Wealth, and Income: 1992-2010,” by Alicia H. Munnell, Wenliang Hou, Anthony Webb and Yinji Li (WP No. 16-3, July 2016, .pdf format, 21p.). Note: Links to the abstract and the full text of the paper available at:

crr.bc.edu/working-papers/pension-participation-wealth-and-income-1992-2010/

August 9, 2016

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – August 9, 2016

Filed under: Working Papers — Tags: , — admin @ 4:40 pm

Anyone for Social Security Reform?” by Partha Sen (Working Paper No. 6035, August 2016, .pdf format, 20p.). Note: Links to the abstract and the full text of the paper available at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19236547

CAAR – Magyar Nemzeti Bank Working Paper – August 9, 2016

Filed under: Working Papers — Tags: — admin @ 4:39 pm

A Long-Term Evaluation of Recent Hungarian Pension Reforms,” by Christoph Freudenberg, Tamas Berki and Adam Reiff (WP 2016/2, July 2016, .pdf format, 63p.). Note: Links to the abstract and the full text of the paper available at:

www.mnb.hu/en/publications/studies-publications-statistics/working-papers-1-1/wp-2016-2-christoph-freudenberg-tamas-berki-adam-reiff-a-long-term-evaluation-of-recent-hungarian-pension-reforms

August 8, 2016

CAAR – US Social Security Administration, Research, Statistics, and Policy Analysis Periodicals – August 8, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:35 pm

A. International Update, July 2016, (July 2016, .pdf and HTML format, 3p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-07/index.html

B. SSI Monthly Statistics, June 2016 (July 2016, .pdf and HTML format).

www.ssa.gov/policy/docs/statcomps/ssi_monthly/2016-06/index.html

August 5, 2016

CAAR – World Bank Policy Research Programme Working Paper – August 5, 2016

Filed under: Working Papers — Tags: — admin @ 4:49 pm

Building long-term portfolio benchmarks for pension funds in emerging economies,” by Heinz P. Rudolph and Jorge Sabat (WPS7784, August 2016, .pdf and ASCII text, 39p.). Note: Links to the abstract and the full text of the paper available at:

documents.worldbank.org/curated/en/145101470338207646/Building-long-term-portfolio-benchmarks-for-pension-funds-in-emerging-economies

August 4, 2016

CAAR – World Bank Policy Research Programme Working Paper- August 4, 2016

Filed under: Working Papers — Tags: — admin @ 4:52 pm

Building voluntary pension schemes in emerging economies,” by Heinz P. Rudolph (WPS7779, August 2016, .pdf and ASCII text format, 33p.). Note: Links to the abstract and the full text of the paper available at:

documents.worldbank.org/curated/en/784071470231398665/Building-voluntary-pension-schemes-in-emerging-economies

CAAR – International Longevity Centre [UK] Report – August 4, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:47 pm

Pension coverage and pension freedoms: Lessons from Hong Kong,” by Dr. Matt Flynn (August 2016, .pdf format, 6p.).

www.ilcuk.org.uk/index.php/publications/publication_details/pension_coverage_and_pension_freedoms_lessons_from_hong_kong

July 21, 2016

CAAR – UK House of Commons Library Briefing Paper – July 21, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:36 pm

Brexit – implications for pensions,” by Djuna Thurley (CBP-7629, July 2016, .pdf format, 5p.).

researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7629

July 19, 2016

CAAR – Brookings Institute Report – July 19, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:57 pm

Financing State and Local Pension Obligations: Issues and Options,” by William G. Gale and Aaron Krupkin (July 2016, .pdf format, 29p.).

www.brookings.edu/research/papers/2016/07/19-financing-state-and-local-pension-obligations-issues-and-options-gale

July 12, 2016

CAAR – UK House of Commons Library Briefing Paper – July 12, 2016

Filed under: Reports and Articles — Tags: , — admin @ 5:07 pm

Social security benefits for older people with mobility needs,” by Steven Kennedy (SN07160, July 2016, .pdf format, 19p.).

researchbriefings.parliament.uk/ResearchBriefing/Summary/SN07160

CAAR – Luxembourg Income Study Working Paper – July 12, 2016

Filed under: Working Papers — Tags: , — admin @ 4:58 pm

Social Insurance and Retirement: A Cross-Country Perspective,” by Tobias Laun and Johanna Wallenius (LIS working paper No. 673, June 2016, .pdf format, 50p.).

Abstract:

We study the role of old-age pensions, disability insurance and healthcare in accounting for the differing labor supply patterns of older individuals across countries. We develop a life cycle model of labor supply and health with heterogeneous agents. In our framework, people choose when to stop working and when/if to apply for disability and pension benefits. We find that the incentives faced by older workers differ hugely across countries. In fact, based solely on differences in social insurance programs, the model predicts even more cross-country variation in the employment rates of people aged 55-69 than we observe in the data.

www.lisdatacenter.org/wps/liswps/673.pdf

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Papers – July 12, 2016

Filed under: Working Papers — Tags: , , — admin @ 4:57 pm

A. “On the Heterogeneity in Longevity among Socioeconomic Groups: Scope, Trends, and Implications for Earnings-Related Pension Schemes,” by Mercedes Ayuso, Jorge Miguel Bravo, and Robert Holzmann (Discussion Paper No. 10060, July 2016, .pdf format, 31p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10060

B. “Commitment in the Household: Evidence from the Effect of Inheritances on the Labor Supply of Older Married Couples,” by David M. Blau and Ryan Goodstein (Discussion Paper No. 10059, July 2016, .pdf format, 45p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10059

C. “Does Money Relieve Depression? Evidence from Social Pension Eligibility,” by Xi Chen and Tianyu Wang (Discussion Paper No. 10037, July 2016, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10037

June 30, 2016

CAAR – US Census Bureau Data Release – June 30, 2016

Filed under: Data Files — Tags: , — admin @ 4:45 pm

Quarterly Survey of Public Pensions: State & Local Government – 2016 First Quarter,” (June 2016, Excel format).

www.census.gov/govs/qpr/

CAAR – Center for Retirement Research at Boston College Issue Briefs – June 30, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:41 pm

A. “Social Security’s Financial Outlook: The 2016 Update in Perspective,” by Alicia H. Munnell (IB No. 16-10, June 2016, .pdf format, 8p.).

crr.bc.edu/briefs/social-securitys-financial-outlook-the-2016-update-in-perspective/

B. “The Funding of State and Local Pensions: 2015-2020,” by Alicia H. Munnell and Jean-Pierre Aubry (SLP No. 50, June 2016, .pdf format, 14p.).

crr.bc.edu/briefs/the-funding-of-state-and-local-pensions-2015-2020/

CAAR – UK Department of Work and Pensions Report – June 30, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:36 pm

Pensioners’ incomes series: An analysis of trends in Pensioner Incomes: 1994/95-2014/15,” (June 2016, .pdf format, 10p.).

www.gov.uk/government/statistics/pensioners-incomes-series-financial-year-201415

June 28, 2016

CAAR – Federal Reserve Bank of Philadelphia (Pennsylvania) Working Paper – June 28, 2016

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

The Political Economy of Underfunded Municipal Pension Plans,” by Jeffrey C. Brinkman, Daniele Coen-Pirani, and Holger Sieg (Working Paper No. 16-16, June 2016, .pdf format, 62p.).

Abstract:

The authors analyze the determinants of underfunding of local government’s pension funds using a politico-economic overlapping generations model. They show that a binding downpayment constraint in the housing market dampens capitalization of future taxes into current land prices. Thus, a local government’s pension funding policy matters for land prices and the utility of young households. Underfunding arises in equilibrium if the pension funding policy is set by the old generation. Young households instead favor a policy of full funding. Empirical results based on cross-city comparisons in the magnitude of unfunded liabilities are consistent with the predictions of the model.

www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2016/wp16-16.pdf

June 27, 2016

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Papers – June 27, 2016

Filed under: Working Papers — Tags: , , , , , — admin @ 5:01 pm

A. “Pension Incentives and the Retirement Decisions of Couples,” by Kadir Atalay and Garry Barrett (Discussion Paper No. 10013, June 2016, .pdf format, 32p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10013

B. “Old-Age Pension and Extended Families: How is Adult Children’s Internal Migration Affected?” by Xi Chen (Discussion Paper No. 10016, June 2016, .pdf format, 23p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10016

C. “Ageing and Literacy Skills: Evidence from IALS, ALL and PIAAC,” by Garry Barrett and W. Craig Riddell (Discussion Paper No. 10017, June 2016, .pdf format, 53p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10017

D. “Is Childcare Bad for the Mental Health of Grandparents? Evidence from SHARE,” by Giorgio Brunello and Lorenzo Rocco (Discussion Paper No. 10022, June 2016, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10022

June 23, 2016

CAAR – US Social Security Administration, Research, Statistics, and Policy Analysis Reports, Periodical – June 23, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:21 pm

A. “Congressional Statistics, December 2015,” (June 2016, .pdf, Excel, and HTML format).

www.ssa.gov/policy/docs/factsheets/cong_stats/2015/index.html

B. “Summary: Actuarial Status of the Social Security Trust Funds, June 2016,” (June 2016, .pdf and HTML format, 2p.).

www.ssa.gov/policy/trust-funds-summary.html

C. International Update, June 2016, (June 2016, .pdf and HTML format, 3p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-06/index.html

CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Paper – June 23, 2016

Filed under: Working Papers — Tags: , , , — admin @ 4:14 pm

Note: Free registration is required to access any content.

A. “Workplace-Linked Pensions for an Aging Demographic,” by Olivia S. Mitchell and John Piggott (WP2016-3, January 2016, .pdf format, 62p.).

Abstract:

Pensions and population aging intersect in two ways. First, demographic change threatens the sustainability of traditional pay-as-you-go social security pensions, leaving workplace-linked pensions with a greater role in retirement provision. Second, as the Baby Boom generation enters retirement, new challenges arise around its retirement support. This chapter reviews some of the implications of population aging for workplace pensions in this new environment, outlines market considerations important for workplace-related pension design for the future, and discusses how governments can create an environment supportive of workplace-related pensions, should they wish to do so. We conclude that workplace-linked retirement saving systems will be asked to do even more than in the past, given the financial stress that pay-as-you-go government-run Social Security plans are confronting in the face of an aging demographic. This will require further product innovation and additional research.

www.pensionresearchcouncil.org/publications/document.php?file=1341

B. “Employee Financial Literacy and Retirement Plan Behavior: A Case Study,” by Robert Clark, Annamaria Lusardi, and Olivia S. Mitchell (WP2016-2, June 2016, .pdf format, 31p.).

Abstract:

This paper uses administrative data on all active employees of the Federal Reserve System to examine participation in and contributions to the Thrift Saving Plan, the System’s defined contribution (DC) plan. We link to administrative records a unique employee survey of economic/demographic factors including a set of financial literacy questions. Not surprisingly, Federal Reserve employees are substantially more financially literate than the population at large. Most importantly, financially savvy employees are also most likely to participate in their DC plan. Sophisticated workers contribute three percentage points more of their earnings to the DC plan than do the less knowledgeable, and they hold more equity in their pension accounts. We examine changes in employee plan behavior one year after employees completed a Learning Module about retirement planning, and we compare it to baseline patterns. We find that those employees who completed the Learning Module were more likely to start contributing and less likely to have stopped contributing to the DC plan post-survey. In sum, employer-provided learning programs are shown to significantly impact employee retirement saving decisions and consistent with a lot of other research, higher levels of financial literacy is found to have a beneficial impact on retirement saving patterns.

www.pensionresearchcouncil.org/publications/document.php?file=1339

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