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Michigan Retirement Research Center

Promoting research on retirement and Social Security Policy

Mike and Mary’s retirement planning adventure

Mary and Mike, known as “M&M” to their friends, turn 62 in 2018 — the earliest age they can retire and claim their Social Security benefits. Mike has worked full-time for 40 years, although he experienced a year of unemployment... Continue Reading →

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Better data on private pensions helps researchers paint a more detailed picture of retirement

One of the United States’ longest-running surveys on aging, the Health and Retirement Study (HRS), recently was able to add pension plan descriptions from public employers’ websites and private employers’ Form 5500 filings. While in the past HRS has had... Continue Reading →

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Of payroll taxes, bunching, and kink points

More than 65 percent of United States households pay more in payroll taxes than income taxes in a year. Yet, the vast majority of literature on the labor supply changes induced by taxation is derived from changes in income taxes,... Continue Reading →

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Welfare of U.S. vets has declined over time, researchers find

As the face of America’s veterans change, policy, too, will adapt. In this 2015 working paper, “Declining Wealth and Work among Male Veterans in the Health and Retirement Study,” by Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai Data:... Continue Reading →

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Health care reform hasn’t changed older workers’ labor supply—yet

Researchers have been curious about how the availability of nonemployer-tied medical insurance offered through health care reform would affect retirement. If new options, such as subsidized nongroup policies and expanded Medicaid coverage, led to shorter work lives, it could undermine... Continue Reading →

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Social Security announces seventh National Disability Forum

The forum, “Serving Individuals with Disabilities: Best Practices and the Modern Day Workforce,” will be held on Tuesday, August 1, 2017, 1-3 p.m. EDT. There will be two panels: “Best Practices from Other Disability Programs,” focusing on understanding best practices... Continue Reading →

Housing wealth differentiates English and U.S. retirement savings

Designing effective policy to influence household retirement-saving behavior requires a deeper understanding of household motivations for saving and retention of wealth, particularly at older ages. In their 2015 working paper, “Comparing Retirement Wealth Trajectories on Both Sides of the Pond,”... Continue Reading →

Study looks at how households adjust budgets to job loss

Common sense says that losing a job would have major effects on household budgets. Economic theory says that if a household is adequately insured, through unemployment benefits, savings, home equity, etc., it will be better able to adjust consumption and weather an economic shock. But what shape do those budget adjustments take? Do people cut […]

Upcoming research on cognition & long-term care insurance featured in latest newsletter

Our spring newsletter is now online with coverage of the annual MRRC Workshop. bit.ly/2pCciAd 

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