CDHA CAAR

November 18, 2013

CAAR – National Bureau of Economic Research Working Papers – November 18, 2013

Filed under: Working Papers — Tags: , — admin @ 4:22 pm

A. “Macroeconomic Determinants of Retirement Timing,” by Yuriy Gorodnichenko, Jae Song, and Dmitriy Stolyarov (w19638, November 2013, .pdf format, 45p.).

Abstract:

We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15 percent for 60-62 year olds), and that the duration of partial retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are partially retired show a differential response to a high unemployment rate: younger workers increase their partial retirement spell, while older workers accelerate their transition to full retirement. We also find that high inflation discourages full-time work and encourages partial and full retirement. Housing prices do not have a significant impact on retirement timing.

www.nber.org/papers/w19638

B. “Enrollment in Medicare Advantage Plans in Miami-Dade County: Evidence of Status Quo Bias?” by Anna D. Sinaiko, Christopher C. Afendulis, and Richard G. Frank (w19639, November 2013, .pdf format, 34p.).

Abstract:

Evidence from behavioral economics reveals that decision-making in health care settings can be affected by circumstances and choice architecture. This paper conducts an analysis of choice of private Medicare plans (Medicare Advantage plans) in Miami-Dade County. We provide a detailed description of the choice of MA plans available in Miami over much of the program’s history and the composition of Medicare beneficiaries in Miami over the 2000s. Our analysis suggests that first becoming eligible for Medicare is the key transition point for MA, and that there is significant status quo bias in the MA market. This consumer behavior has important implications for policy that regulates the MA market.

www.nber.org/papers/w19639

CAAR – Inter-University Consortium for Political and Social Research Data/National Archive of Computerized Data on Aging Data Release – November 18, 2013

Filed under: Data Files — Tags: , — admin @ 4:21 pm

ICPSR’s National Archive of Computerized Data on Aging announced the release of the following new dataset that may be of interest to researchers of aging on Nov. 17, 2013. Note: Some ICPSR studies are available only to ICPSR member institutions. To find out whether your organization is a member, and whether or not it supports ICPSR Direct downloading, see:

www.icpsr.umich.edu/icpsrweb/ICPSR/administration/institutions

Cornell Study of Occupational Retirement, 1952 (ICPSR 34918)

www.icpsr.umich.edu/icpsrweb/NACDA/studies/34918/version/1

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