The approaching retirement of the baby boom generation has attracted both research and public policy attention. Many changes occurred during the second half of the twentieth century, changes likely to affect the retirement economic security of recent cohorts. Using data from the Health and...

Using data from several sources, we show that households nearing retirement have lower rates of housing distress than younger households, as measured by arrears and foreclosure rates. However, almost all of the housing wealth gains observed for cohorts aged 51-56 between 1992 and 2004 were...

We calculate the risk faced by defined benefit plan providers arising from uncertain aggregate mortality — the risk that the average participant will live longer than expected. First, comparing the widely cited Lee-Carter model to industry benchmarks, we show that plan providers appear to...