In the past several decades, pension plans have become one of the most significant institutional influences on labor and financial markets in the U.S. In an effort to understand the economic effects of this growth, the National Bureau of Economic Research embarked on a major research project in...

In recent years a decline in the labor force participation of older workers has combined with rapid current and projected increases in the number of older Americans, producing major policy debates over looming "crises" in social security and, to a lesser extent, in the private pension system....

Since 1970 the United States government has spent over half a billion dollars on social experiments intended to assess the effect of potential tax policies, health insurance plans, housing subsidies, and other programs. Was it worth it? Was anything learned from these experiments that could not...

Intro -- Contents -- Preface -- Introduction / David A. Wise and Richard Woodbury -- 1. Trends in Pension Cash-Out at Job Change and the Effects on Long-Term Outcomes / Philip Armour, Michael D. Hurd, and Susann Rohwedder -- Comment: James M. Poterba -- 2. Liquidity in Retirement Savings...

Intro -- Contents -- Acknowledgments -- Introduction - Courtney Coile, Kevin Milligan, and David A. Wise -- 1. Disability Insurance Incentives and the Retirement Decision: Evidence from the United States - Courtney Coile -- 2. Effect of Pensions and Disability Benefits on Retirement in the...