2014 Retirement Research Consortium Meeting | Center for Retirement Research

2014 Retirement Research Consortium Meeting

The 2014 RRC Meeting was held on August 7-8, 2014 at the National Press Club in Washington, DC.

Thursday, August 7, 2014

Welcoming remarks: Katherine Thornton (Deputy Chief of Staff, SSA)

Panel 1: Social Security Provisions

The Social Security Earnings Test and Retirement: New Evidence from Behavior Near the Exempt Amount
Alexander Gelber, University of California, Berkeley, Damon Jones, University of Chicago and NBER, and Daniel W. Sacks, Indiana University
Summary     Slides

Discussant: April Yanyuan Wu, Mathematica Policy Research
Slides

How Progressive Are the Combined Net Benefits of Social Security and Tax Benefits for Retirement Saving?
Karen E. Smith and Eric Toder, Urban Institute
Summary     Paper     Slides

Discussant: J. Mark Iwry, U.S. Department of the Treasury

Does Social Security Continue to Favor Couples?
Nadia Karamcheva, Urban Institute, April Yanyuan Wu, Mathematica Policy Research, and Alicia H. Munnell, Boston College
Summary     Paper     Slides

Discussant: Jeffrey R. Brown, University of Illinois at Urbana-Champaign
Slides

Panel 2: Social Security and Vulnerable Populations

Sources of Increasing Differential Mortality among the Aged by Socioeconomic Status
Barry P. Bosworth, Gary Burtless, and Kan Zhang, The Brookings Institution
Summary     Paper     Slides

Discussant: Hilary Waldron, U.S. Social Security Administration
Slides

Understanding Participation in SSI
Kathleen McGarry, University of California, Los Angeles and NBER and Robert F. Schoeni, University of Michigan
Summary

Discussant: Barbara A. Butrica, Urban Institute
Slides

The Implications of Differential Trends in Mortality for Social Security Policy
John Bound and Arline Geronimus, University of Michigan, Timothy A. Waidmann, Urban Institute, and Javier Rodriquez, University of Michigan
Summary     Paper     Slides

Discussant: Stephen C. Goss, U.S. Social Security Administration
Slides

Luncheon Speaker: Frederick Miller, CFP and Founder, Sensible Financial Planning
Slides

Panel 3: Social Security Claiming

The Psychology of SSA Claiming Decisions: Toward the Understanding and Design of Interventions
Suzanne B. Shu, University of California, Los Angeles and John W. Payne and Namika Sagara, Duke University
Summary     Paper     Slides

Discussant: Sylvester Schieber, Consultant

The Insurance Role of Household Labor Supply for Older Workers: Preliminary Results
Victoria Prowse and Yanan Li, Cornell University
Summary     Paper     Slides

Discussant: Richard W. Johnson, Urban Institute
Slides

The Effect of Social Security Auxiliary Spouse and Survivor’s Benefits on the Household Retirement Decision
David M. K. Knapp, University of Michigan (Dissertation Fellow)
Summary     Paper     Slides

Discussant: Courtney C. Coile, Wellesley College
Slides

Panel 4: 401(k)s: Saving and Investing Decisions

How Automatic Enrollment Affects the Likelihood and Distribution of 401(k) Contributions: Evidence from a National Survey
Barbara A. Butrica and Nadia Karamcheva, Urban Institute
Summary     Paper     Slides

Discussant: Jack VanDerhei, Employee Benefit Research Institute
Slides

Procrastination, Present-Biased Preferences, and Financial Behaviors
Jeffrey R. Brown, University of Illinois at Urbana-Champaign and Alessandro Previtero, University of Western Ontario
Summary     Paper     Slides

Discussant: Arie Kapteyn, University of Southern California
Slides

Who Is Internationally Diversified? Evidence from 296 401(k) Plans
Geert Bekaert, Columbia Business School and NBER, Kenton Hoyem and Wei-Yin Hu, Financial Engines, Inc., and Enrichetta Ravina, Columbia Business School (Steven H. Sandell Scholar)
Summary     Paper     Slides

Discussant: Jonathan Reuter, Boston College
Slides

Friday, August 8, 2014

Panel 5: Retirement Saving: Adequacy and Risks

Are Retirees Falling Short? Reconciling the Conflicting Evidence
Alicia H. Munnell, Matthew S. Rutledge, and Anthony Webb, Boston College
Summary     Paper     Slides

Discussant: Sarah Holden, Investment Company Institute
Slides

Optimal Illiquidity in the Retirement Savings System
John Beshears, Harvard University, James J. Choi, Yale University, Christopher Clayton, Harvard University, Christopher Harris, University of Cambridge, and David Laibson and Brigitte C. Madrian, Harvard University
Summary     Slides

Discussant: John Sabelhaus, Board of Governors of the Federal Reserve System
Slides

The Causes and Consequences of Financial Fraud Among Older Americans
Keith Jacks Gamble, DePaul University (Steven H. Sandell Scholar) and Patricia Boyle, Lei Yu, and David A. Bennett, Rush University Medical Center
Summary     Paper     Slides

Discussant: Melissa Knoll, Consumer Financial Protection Bureau
Slides

Panel 6: Working Longer

Is Working Longer Good for You? A Simultaneous Equations Approach
Raquel Fonseca, Université du Québec à Montréal and Arie Kapteyn, Jinkook Lee, and Gema Zamarro, University of Southern California
Summary     Paper     Slides

Discussant: John W. R. Phillips, National Institute on Aging
Slides

How Do Subjective Longevity Expectations Influence Retirement Plans?
Mashfiqur R. Khan and Matthew S. Rutledge, Boston College, and April Yanyuan Wu, Mathematica Policy Research
Summary     Paper     Slides

Discussant: Debra Dwyer, Stony Brook University
Slides

Americans’ Willingness to Voluntarily Delay Retirement
Raimond H. Maurer, Goethe University, Olivia S. Mitchell, The Wharton School and MRRC, and Tatjana Schimetschek and Ralph Rogalla, Goethe University
Summary

Discussant: Anthony Webb, Boston College
Slides

Luncheon Speaker: Annika Sundén, Former Deputy Director-General of the Swedish Pensions Agency
Slides

Panel 7: Lessons from Other Nations

How Do Public Pensions Affect Retirement Incomes and Expenditures? Evidence over Five Decades from Canada
Kevin Milligan, University of British Columbia and David A. Wise, National Bureau of Economic Research
Summary     Paper     Slides

Discussant: Geoffrey T. Sanzenbacher, Boston College
Slides

How Does Raising Women’s Full Retirement Age Affect Labor Supply, Income, and Mortality? Evidence from Switzerland
Rafael Lalive, University of Lausanne and Stefan Staubli, University of Calgary
Summary     Paper     Slides

Discussant: R. Kent Weaver, Georgetown University
Slides

Behavioral Responses to Wealth Shocks: Evidence from Swedish Portfolios
László Sándor, Harvard University and IFN (Dissertation Fellow) and David Seim, University of Toronto and IFN
Summary

Discussant: Dalmer D. Hoskins, U.S. Social Security Administration