Public pension plans have been shifting toward more complex investments in the past two decades, moving a sizable share of assets out of traditional equities, bonds, and cash into alternative assets, and expanding their reliance on external managers.  This increased complexity, coupled with a shift toward active management, contrasts sharply with other investors,…

We examined descriptive patterns in the frequency of medical continuing disability reviews (CDRs) for child Supplemental Security Income (SSI) recipients.  These CDRs are designed to determine whether children continue to meet the disability criteria required to qualify for SSI.  Benefits cease for children who no longer meet the disability criteria…

A common refrain among retirement researchers is that longer careers are the best way to ensure an adequate retirement.  This refrain is often directed at the workers themselves – “you need to work longer!” And that message seems to have been getting…