2011 Retirement Research Consortium conference

Thursday, August 4, 2011

8:00-8:30    Registration and Coffee

8:30-8:45    Welcoming Remarks: David Rust (Deputy Commissioner for Retirement and Disability Policy, SSA)

Morning Session Chair: Alicia H. Munnell (Boston College)

Panel 1: Disability
8:45-10:15

“The Impact of Unemployment Benefits Extensions on Disability Insurance Application and Allowance Rates”
Matthew S. Rutledge
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Discussant: Robert R. Weathers II 
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“Do Disability Benefits Discourage Work?”
Nicole Maestas, Kathleen Mullen, and Alexander Strand
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Discussant: Richard V. Burkhauser
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“The Dynamics of Disability: Evidence from a Cohort of Back Pain Patients”
Ellen Meara and Jonathan Skinner
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Discussant: Fabian Lange
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10:15-10:30    Break

Panel 2: Health Costs
10:30-12:00

“Why Don’t Retirees Insure Against Long-Term Care Expenses? Evidence from Survey Responses”
Jeffrey R. Brown, Gopi Shah Goda, and Kathleen McGarry
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Discussant: James Poterba
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“Medicare Part D and Prescription Drug Utilization”
Gary V. Engelhardt
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Discussant: Paul N. Van de Water

“Evaluating Consumer Preferences for Medicare Part D Using Conjoint Analysis”
La’Marcus Wingate
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Discussant: Kosali Simon
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Luncheon Speaker
J. Mark Iwry (Senior Advisor to the Secretary and Deputy Assistant Secretary, Retirement and Health Policy, U.S. Department of the Treasury)

Afternoon Session Chair: John Laitner (University of Michigan)

Panel 3: Financial Crisis
1:15-2:45

“Social Security Claiming and the Business Cycle”
Owen Haaga and Richard W. Johnson
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Discussant: Joyce Manchester
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“Personality and Response to the Financial Crisis”
Angela Lee Duckworth and David R. Weir
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Discussant: April Yanyuan Wu
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“Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply”
Jingjing Chai, Raimond H. Maurer, Olivia S. Mitchell, and Ralph Rogalla
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Discussant: William Gale
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2:45-3:00    Break

Panel 4: Demographic Shifts and Retirement Income
3:00-4:30

“Interdependent Durations in Joint Retirement”
Bo Honoré and Áureo de Paula
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Discussant: Richard W. Johnson
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“Aging and Pension Reform in a Two-Region World: The Role of Human Capital”
Edgar Vogel, Alexander Ludwig, and Axel Börsch-Supan
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Discussant: Gary Koenig
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“Effects of Legal and Unauthorized Immigration on the U.S. Social Security System”
Hugo A. Benitez-Silva, Eva Carceles-Poveda, Selcuk Eren, and Yi Zhang
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Discussant: Gary Burtless

4:30-6:00    Reception

Friday, August 5, 2011

8:00-8:30    Registration and Coffee

Morning Session Chair: David A. Wise (NBER and Harvard University)

Panel 5: Older Workers
8:30-10:00

“The Changing Causes and Consequences of Not Working Before Age 62″
Barbara Butrica and Nadia Karamcheva
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Discussant: Ralph Smith
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“Do Stronger Age Discrimination Laws Make Social Security Reforms More Effective?”
David Neumark and Joanne Song
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Discussant: Joanna N. Lahey
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“Health Shocks and Disability Transitions among Near-Elderly Workers”
David Cutler, Ellen Meara, and Seth Richards-Shubik
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Discussant: David A. Weaver
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10:00-10:15    Break

Panel 6: Plan Design
10:15-11:45

“The Downside of Defaults”
Jeffrey R. Brown, Anne M. Farrell, and Scott J. Weisbenner
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Discussant: Joseph Piacentini
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“Heterogeneity in Target-Date Funds and the Pension Protection Act of 2006″
Pierluigi Balduzzi and Jonathan Reuter
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Discussant: Mark J. Warshawsky
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“Social Security on Auto-Pilot: International Experience With Automatic Stabilizer Mechanisms”
Barry Bosworth and Kent Weaver
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Discussant: Mauricio Soto
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Luncheon Speaker
Charles Blahous and Robert Reischauer (Public Trustees, Social Security and Medicare)
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View Robert Reischauer’s presentation

Afternoon Session Chair: Alicia H. Munnell (Boston College)

Panel 7: Distributional Issues – Social Security and Health Programs
1:00-2:30

“The Effects of Changes in Women’s Labor Market Attachment on Redistribution under the Social Security Benefit Formula”
Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai
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Discussant: Olivia S. Mitchell
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“How Does the Personal Income Tax Affect the Progressivity of OASI Benefits?”
Norma B. Coe, Zhenya Karamcheva, Richard W. Kopcke, and Alicia H. Munnell
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Discussant: Stephen C. Goss
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“Income Inequality and Health Care Expenditures over the Life Cycle”
Serdar Ozkan
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Discussant: Anthony Webb
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2:30        Closing Remarks: Alicia H. Munnell (Director, Center for Retirement Research)