This paper first proposes a new way to use segregation curves to examine whether one distribution of people across groups (e.g., occupations or neighborhoods) is more segregated than another. It then uses Blackwell’s criterion to extend the argument to more than two types of people. The basic...

Under phased retirement, an older worker remains with his or her employer while gradually reducing work hours and effort. Although older workers often express an interest in phased retirement, actual occurrences are evidently rare. A possible explanation is that employers limit opportunities for...

This paper uses a telephone survey of 950 employers to examine employer-side restrictions on phased retirement. The survey not only collected information on establishment level policies, but it also asked questions about a specific worker's opportunity for phased retirement. The paper uses these...

Financial fraud is a major threat to older Americans, and this problem is expected to grow as the baby boom generation retires and more retirees manage their own retirement accounts. We use a unique dataset to examine the causes and consequences of financial fraud among older Americans. First,...

Long-term care is one of the major expenses faced by many older Americans. Yet, we have only limited information about the risk of needing long-term care and the expected duration of care. The expectations of needing to receive home health care, live in an assisted living facility or live in a...

The brief’s key findings are: *Today’s workers face a brewing retirement crisis due to: *a growing need for income driven by longer lifespans, rising health costs, and low interest rates; and *reduced support from Social Security and defined benefit pension plans. *Fortunately, the solutions...

Stories in the popular press suggest – particularly in the wake of the bankruptcy of Detroit – that pensions are the major expense of American cities and will lead to their widespread collapse.1 Thus, it is important to know the burden of pensions on cities. This burden can be measured in...

The brief’s key findings are: *Labor force activity among older Americans began rising in the mid-1980s due to: *changing Social Security incentives; the shift to 401(k) plans; and *improving health, longevity, and education. *Updated data, however, suggest that these factors may have played...

The brief’s key findings are: *With the shift from traditional pensions to 401(k) plans, the welfare of retirees depends increasingly on their ability to make sound financial decisions. *Using a dataset that follows a group of older individuals in the Chicago area, the analysis examines how...