the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with …

reforms: 1) a reduction in benefits and payroll taxes; 2) an increase in the earliest retirement age, to sixty-four from sixty …-two; and 3) an increase in the normal retirement age, to sixty-eight from sixty-six. We find that a 50 percent cut in the scope … older workers, and reduces the shortfall of the Social Security budget through a reduction in early claiming. Increasing the …

This paper examines how workers use 401(k) plans by examining their participation, contribution, and withdrawal … decisions. Sixty-five percent of eligible workers participate in 401(k) plans. Employee participation rises with income, age … not grow with the rate of matching. When pension plan assets are withdrawn in lump-sum distributions before retirement …

The growth of defined contribution plans has sparked debate concerning their effectiveness as a vehicle for retirement … whether DC plans have expanded overall pension coverage and whether their effects on retirement saving are the same across …

"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty … in the generosity and coverage of unemployment insurance. We find that changes in the composition of the labor force and … institutional changes can only partially account for the longer duration of unemployment. We construct a job search model and …

has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or …