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Distribution choices by individuals retiring from CalSTRS are examined for participants that retired between 2016 and 2023. Women are much more likely to select a member-only annuity while a larger proportion of men select a J&S annuity that provide survivor benefits. Being married is a dominant...
Persistent link: https://www.econbiz.de/10014576660
composition of teacher workforce, and that program benefits far exceeded its costs. We propose mechanisms for observed long …
Persistent link: https://www.econbiz.de/10014247978
Recordkeepers in DC pension plans are often paid indirectly in the form of revenue sharing from third-party funds on the menu. We show that these arrangements affect the investment menu of 401(k) plans. Revenue-sharing funds are more likely to be added to the menu and are less likely to be...
Persistent link: https://www.econbiz.de/10013477213
categorize the literature into seven tests: (1) costs of capital, (2) performance of portfolios, (3) ownership by types of …
Persistent link: https://www.econbiz.de/10013477263
This paper explores the relationship between different funding structures--including the source, instrument, currency …, and counterparty location of funding--and the extent of financial stress experienced in different countries and sectors …-sector-time panels to assess how different funding structures are related to financial stress. A higher share of funding from non …
Persistent link: https://www.econbiz.de/10014287355
We examine the effect of enforcing minimum quality standards (MQSs) on consumer health. In the late 1800s, the urban milk supply was regularly skimmed and diluted with water, but consumers could not easily determine its quality because dyes, caramel, and salt were added. To protect consumers,...
Persistent link: https://www.econbiz.de/10013210091
Policy makers periodically consider using student assignment policies to improve educational outcomes by altering the socio-economic and academic skill composition of schools. We exploit the quasi-random reassignment of students across schools in the Wake County Public School System to estimate...
Persistent link: https://www.econbiz.de/10013210113
We provide the first evidence on the disenrollment impacts of SNAP's General Work Requirements, which apply to 28% of SNAP households, including many with young children. We leverage a regression discontinuity design based on the age of the youngest child in the household relative to the date of...
Persistent link: https://www.econbiz.de/10014544720
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770
Evidence on cannabis legalization's effects on mental health remains scarce, despite both rapid increases in cannabis use and an ongoing mental health crisis in the United States. We use granular geographic data to estimate medical cannabis dispensary availability's effects on self-reported...
Persistent link: https://www.econbiz.de/10014544792