This study examines whether pension cuts affecting current public employees encourage mid-career teachers and civil servants to separate from their employers. The analysis takes advantage of a 2005 reform to the Employees' Retirement System of Rhode Island (ERSRI) that dramatically reduced the...

This study examines whether deferred benefit cuts affecting current public employees encourage mid-career teachers and civil servants to separate from their employers. The analysis takes advantage of a 2005 reform to the Employees' Retirement System of Rhode Island (ERSRI) that dramatically...

This paper examines the association between employer concentration and labor outcomes (labor force participation and employment). It uses restricted data from the U.S. Census Bureau’s Longitudinal Business Database to estimate, at the county level, to what extent more concentrated labor...

Retirement ages in the United States have been rising for decades but the continuation of this trend depends on employers in the future looking to fill jobs that older workers can do. This study considers whether the occupations that are projected by the Bureau of Labor Statistics to grow faster...

Disability-free life expectancy had been rising continuously in the United States until 2010, suggesting working longer as a solution for those financially unprepared for retirement. However, recent developments suggest improvements in working life expectancy have stalled, especially for...

In times of economic distress, both individuals and localities can benefit from stable sources of income. While a large literature documents the benefits that individuals enjoy from guaranteed income such as Social Security, less attention has been given to the stabilizing force of Social...

This study explores how workers respond to reports about Social Security’s finances, using an online experiment in which participants are shown identical articles with different headlines. The headline for the control group reports that Social Security has a “long-term financing...

Past generations drew down their wealth slowly in retirement, leaving much of their savings untouched. However, this pattern may not hold as the Baby Boomer generation retires, because they are less likely to have a defined benefit (DB) plan and will need to tap the assets in their defined...