Working Papers from 2003
Implications of Pension Plan Features, Information, and Social Interactions for Retirement Saving Decisions, Esther Duflo and Emmanuel Saez
Promoting Work at Older Ages: The Role of Hybrid Pension Plans in an Aging Population, Richard W. Johnson and Eugene Steuerle
Understanding Individual Account Guarantees, Marie-Eve Lachance and Olivia S. Mitchell
Saving and the Effectiveness of Financial Education, Annamaria Lusardi
“Money Attitudes” and Retirement Plan Design: One Size Does Not Fit All, Donna M. MacFarland, Carolyn D. Marconi, and Stephen P. Utkus
Possible Implications of Mandating Choice in Corporate Defined Benefit Plans, Olivia S. Mitchell and Janemarie Mulvey
Retirement Wealth and Lifetime Earnings Variability, Olivia S. Mitchell, John W.R. Phillips, Andrew Au, and David McCarthy
Unlocking Housing Equity in Japan, Olivia S. Mitchell and John Piggott
Lessons from Behavioral Finance for Retirement Plan Design, Olivia S. Mitchell and Stephen P. Utkus
Annuities and Retirement Well-Being, Constantijn W.A. Panis
Adult Learning Principles and Pension Participant Behavior, Victor Saliterman and Barry G. Sheckley
A Symposium on Cash Balance Pensions: Background and Introduction, Sylvester J. Scheiber
The Shift to Hybrid Pensions by U.S. Employers: An Empirical Analysis of Actual Plan Conversions, Sylvester J. Scheiber
Retirement Security in a DC World: Using Behavioral Finance to Bridge the Expertise Gap, Jason Scott and Gregory Stein
Motivating Retirement Planning: Problems and Solutions, Gary W. Selnow
How Much Choice is Too Much?: Contributions to 401(k) Retirement Plans, Sheena Sethi-Iyengar, Gur Huberman, and Wei Jiang
Crime and Early Retirement Among Older Americans, Dan Silverman and Olivia S. Mitchell
Behavioral Portfolios: Hope for Riches and Protection from Poverty, Meir Statman
Who’s Afraid of a Poor Old Age?: Risk Perception in Risk Management Decisions, Elke U. Weber
Defined Benefit Pension Plan Liabilities and International Asset Allocation, Tongxuan (Stella) Yang
Working Papers from 2002
An Analysis of Investment Advice to Retirement Plan Participants, Zvi Bodie
Defined Contribution Pensions: Plan Rules, Participant Choices, and the Path of Least Resistance, James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick
Securitized Risk Instruments as Alternative Pension Fund Investments, J. David Cummins and Christopher M. Lewis
Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans, Suzanne Doyle and John Piggott
Credit Implications of the Payout Annuity Market, Arthur Fliegelman, Moshe Arye Milevsky, and Scott A. Robinson
Hedging Segregated Fund Guarantees, Peter A. Forsyth, Kenneth R. Vetzal, and Heath A. Windcliff
Risk Transfer in Public Pension Plans, Jeremy Gold
Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform, Raimond Maurer and Christian Schlag
International Adverse Selection in Life Insurance and Annuities, David McCarthy and Olivia S. Mitchell
Asset Rich and Cash Poor: Retirement Provision and Housing Policy in Singapore, David McCarthy, Olivia S. Mitchell, and John Piggott
Personal Retirement Accounts and Social Security Reform, Olivia S. Mitchell
Redesigning Public Sector Pensions in Developing Countries, Olivia S. Mitchell
Developments in Risk Management for Retirement Security, Olivia S. Mitchell and Kent Smetters
The Role of Company Stock in Defined Contribution Plans, Olivia S. Mitchell and Stephen P. Utkus
Securing Public Pension Promises through Funding, Robert Palacios
Company Stock and Pension Plan Diversification, Krishna Ramaswamy
Retirement Guarantees in Voluntary Defined Contribution Plans, John A. Turner and David M. Rajnes
Retirement Guarantees in Mandatory Defined Contribution Systems, Jan Walliser
Working Papers from 2001
Retirement Investing: A New Approach, Zvi Bodie
Benefits for the Free Agent Workforce, Carl T. Camden
Annuity Values in Defined Contribution Retirement Systems: The Case of Singapore and Australia, Suzanne Doyle, Olivia S. Mitchell, and John Piggott
Benefits and Productivity, William E. Even and David A. Macpherson
Delinking Benefits from a Single Employer: Alternative Multiemployer Models, Teresa Ghilarducci
How Demographic Change Will Drive Benefits Design, Marjorie Honig and Irena Dushi
The Benefits Implication of Recent Trends in Flexible Staffing Arrangements, Susan N. Houseman
Are Career Jobs Headed for Extinction? / Career Jobs are Dead / Reply: Premature Reports of Demise, Sanford M. Jacoby and Peter Cappelli
Designing Total Reward Programs for Tight Labor Markets, Eric Lofgren, Steven A. Nyce, and Sylvester J. Schieber
Assessing the Impact of Mortality Assumptions on Annuity Valuation: Cross-Country Evidence, David McCarthy and Olivia S. Mitchell
Benefits for the Workplace of the Future, Olivia S. Mitchell
New Trends in Pension Benefit and Retirement Provisions, Olivia S. Mitchell and Erika L. Dykes
Estimating International Adverse Selection in Annuities, Olivia S. Mitchell and David McCarthy
Eligibility for Social Security Disability Insurance, Olivia S. Mitchell and John W.R. Phillips
Implications of the Difficult Economy for Company-Sponsored Retirement Plans, Anna M. Rappaport
The Demographics of Tomorrow’s Workplace, Martha Farnsworth Riche
Developments in Global Benefits Administration, Manish Sabharwal
The Equivalence of the Social Security’s Trust Fund Portfolio Allocation and Capital Income Tax Policy, Kent Smetters
Working Papers from 2000
An Economic Approach to Setting Retirement Saving Goals, B. Douglas Bernheim, Lorenzo Forni, Jagadeesh Gokhale, and Laurence J. Kotlikoff
Survivor Bonds and Compulsory Annuitization: Reducing the Cost of Pension Provision, David Blake, William Burrows, and J Michael Orszag
Analyzing and Managing Retirement Risks, Zvi Bodie, P. Brett Hammond, and Olivia S. Mitchell
Mortality Risk, Inflation Risk, and Annuity Products, Jeffrey R. Brown, Olivia S. Mitchell, and James M. Poterba
Turning Assets into Cash: Problems and Prospects in the Reverse Mortgage Market, Andrew Caplin
Faculty Retirement at Three North Carolina Universities, Robert L. Clark, Linda S. Ghent, and Juanita Kreps
Changing Retirement Policies and Patterns in Higher Education, Robert L. Clark and P Brett Hammond
Taking the Subsidy Out of Early Retirement: Converting to Hybrid Pensions, Robert L. Clark and Sylvester J. Schieber
Income Shocks, Asset Returns, and Portfolio Choice, Steven J. Davis and Paul Willen
Cornell Confronts the End of Mandatory Retirement, Ronald G. Ehrenberg, Michael W. Matier, and David Fontanella
Accounting/Actuarial Bias Enables Equity Investment by Defined Benefit Pension Plans, Jeremy Gold
Assumed Rates of Discount for Valuations of Publicly Sponsored Defined Benefit Plans, Jeremy Gold
Shareholder-Optimal Design of Cash Balance Pension Plans, Jeremy Gold
Reflections on an Earlier Study of Mandatory Retirement: What Came True and What We Can Still Learn, Karen C. Holden and W Lee Hansen
Public Sector Pension Plans: Lessons and Challenges for the Twenty-First Century, Edwin C. Hustead and Olivia S. Mitchell
Intangible and Tangible Retirement Incentives, John Keefe
Survey of Early Retirement Practices in Higher Education, John Keefe
Retirement Planning and the Asset/Salary Ratio, Martin L. Leibowitz, J Benson Durham, P Brett Hammond, and Michael Heller
Retirement Responses to Early Social Security Benefit Reductions, Olivia S. Mitchell and John W.R. Phillips
Developments in Retirement Provision: Global Trends and Lessons from Australia and the US, Olivia S. Mitchell and John Piggott
Ending Mandatory Retirement in Two State Universities, Robert M. O'Neil
Age-Based Retirement Incentives for Tenured Faculty Members: Satisfying the Legal Requirements, David L. Raish
Outcomes-Based Investing with Efficient Monte Carlo Simulation, Jason Scott
Faculty Retirement: Reflections on Experience in an Uncapped Environment, Sharon P. Smith
Risk Management Through International Diversification: The Case of Latin American Pension Funds, P.S. Srinivas and Juan Yermo
The University of California Voluntary Early Retirement Incentive Programs, Ellen Switkes
Aging and Housing Equity, Steven F. Venti and David A. Wise
Integrating Life Annuities and Long-Term Care Insurance: Theory, Evidence, Practice, and Policy, Mark J. Warshawsky, Brenda Spillman, and Christopher Murtaugh
Working Papers from 1999
Pension Governance in the Pennsylvania State Employees’ Retirement System, John Brosius
The New Jersey Pension System, Tom Bryan
The Life and Times of a Public-Sector Pension Plan Before Social Security: The U.S. Navy Pension Plan in the Nineteenth Century, Robert L. Clark, Lee A. Craig, and Jack W. Wilson
Regulation and Taxation of Public Plans: A History of Increasing Federal Influence, Roderick B. Crane
Public Pension Design and Responses to a Changing Workforce, Cathie Eitelberg
Going Private in the Public Sector: The Transition from Defined Benefit to Defined Contribution Pension Plans, Douglas Fore
Determining the Cost of Public Pension Plans, Edwin C. Hustead
Public Pensions in Washington, D.C., Edwin C. Hustead
Federal Civilian and Military Retirement Systems, Edwin C. Hustead and Toni Hustead
Worklife Determinants of Retirement Income: Differences Across Men and Women, Philip B. Levine, Olivia S. Mitchell, and John W.R. Phillips
Evaluating Administrative Costs in Mexico’s AFORES Pension System, Olivia S. Mitchell
Developments in State and Local Pension Plans, Olivia S. Mitchell, David McCarthy, Stanley C. Wisniewski, and Paul Zorn
Investment Practices of State and Local Pension Funds: Implications for Social Security Reform, Alicia H. Munnell and Annika Sunden
Asset/Liability Management in the Public Sector, Michael W. Peskin
Canadian Public Sector Employee Pension Plans, Silvana Pozzebon
State Employee Pension Plans, Karen I. Steffen