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 →
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 →
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 […]
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By age 64, more than half of all workers are retired despite the fact that Medicare doesn’t kick in for most of them until age 65. The decline of employer-sponsored health insurance for retirees means that many people who make... Continue Reading →
Health plays an important role in wealth. MRRC researchers look how they interact.
Here’s the second part of our discussion with MRRC researcher Olivia S. Mitchell on her 2015 project with Daniel Gottlieb, “Narrow Framing and Long-Term Care Insurance.” This has been edited for length and clarity. I think a lot of our readers are not... Continue Reading →
We talked to MRRC researcher Olivia S. Mitchell about her 2015 project with Daniel Gottlieb, “Narrow Framing and Long-Term Care Insurance.” This two-part interview has been edited for length and clarity. What led you to look at whether people buy long-term care insurance... Continue Reading →