Boston College

Displaying 1-38 of 38 results

  • White Papers // Jun 2011

    Social Security Reform And Male Labor Force Participation Around The World

    In this paper, the authors analyze the effect of Social Security regime changes on labor force participation of 50-80-year-old men across and within 13 countries: Argentina, Austria, Brazil, Chile, France, Greece, Malaysia, Mexico, Panama, Portugal, South Africa, Spain, and the United States. Labor force participation of men ages 50-80 has...

    Provided By Boston College

  • White Papers // Jun 2011

    Does Medicare Part D Protect The Elderly From Financial Risk?

    The Medicare Modernization Act of 2003 added the Part D prescription drug benefit to the Medicare program. This addition, which became effective in 2006, increased Medicare program costs by more than 10 percent in order to provide, for the first time, prescription drug coverage to enrollees. Part D has since...

    Provided By Boston College

  • White Papers // May 2011

    Immigrant Diversity And Social Security: Recent Patterns And Future Prospects

    Immigration is transforming the U.S. labor force with important consequences for Social Security's adequacy and finances. Using longitudinal data from the Survey of Income and Program Participation matched to rich administrative data on lifetime earnings and benefit receipt, the authors measure the extent to which non-natives' lifetime earning patterns, payroll...

    Provided By Boston College

  • White Papers // Apr 2011

    Do Social Security Statements Affect Knowledge And Behavior?

    Deciding when to retire and claim Social Security benefits is one of the most important financial decisions that workers face. Therefore, ensuring that they have easy access to clear and timely information about their benefit options is a key goal for policymakers. In 1995, the Social Security Administration introduced the...

    Provided By Boston College

  • White Papers // Mar 2011

    How Can Customized Information Change Financial Plans?

    Many workers nearing retirement experienced a dramatic decrease in their retirement assets when the stock market crashed in 2008. In order to maintain their expected standard of living in retirement, workers needed to work longer, save more, or do both. To measure the response of older workers to this downturn,...

    Provided By Boston College

  • White Papers // Jan 2011

    The Earnings And Social Security Contributions Of Documented And Undocumented Mexican Immigrants

    Using information supplied by immigrants interviewed by the Mexican Migration Project (MMP), the authors analyze the Social Security coverage of jobs held by legal and other-than-legal Mexican immigrants who work in the United States. Their analysis suggests that about half the Mexican-born migrants residing in the United States who are...

    Provided By Boston College

  • White Papers // Nov 2010

    The Treatment Of Married Women By The Social Security Retirement Program

    It is generally accepted that the Social Security program pays women a higher average ratio of lifetime benefits to lifetime taxes than it does men. Social Security's progressive benefit structure and annuity payment combine with women's lower average earnings and longer average life spans to provide women with more favorable...

    Provided By Boston College

  • White Papers // Sep 2010

    Social Security's Financial Outlook: The 2010 Update In Perspective

    After being held up for four months while estimates were modified to reflect the expected effects of the Affordable Care Act (ACA), the 2010 Trustees Report for the Social Security system finally emerged in early August. The report contains no surprises, which may explain the relative lack of attention it...

    Provided By Boston College

  • White Papers // Aug 2010

    Social Bonds And Supplier Allocation Of Resources To Business Customers

    This paper addresses questions about the effect that social bonds between relationship partners have on the way in which a supplier allocates resources to its relationship with a buyer. Two key questions the paper addresses are the following. In business markets, does strength of social bonds that a supplier perceives...

    Provided By Boston College

  • White Papers // Aug 2010

    Adjusting Social Security For Increasing Life Expectancy: Effects On Progressivity

    Achieving long-run Social Security solvency requires addressing rising life expectancy. Increasing the Full Retirement Age (FRA), while holding the Early Entitlement Age (EEA) fixed could be effective but eventually will result in replacement rates that are viewed by many as too low. A possible policy to prop up replacement rates...

    Provided By Boston College

  • White Papers // Apr 2010

    The Effect Of Sports Franchises On Property Values: The Role Of Owners Versus Renters

    This paper estimates the public benefits to homeowners in cities with NFL franchises by examining housing prices rather than housing rents. In contrast to Carlino and Coulson (2004) the authors find that the presence of an NFL franchise has no effect on housing prices in a city. Furthermore, the authors...

    Provided By Boston College

  • White Papers // Mar 2010

    Does The Tenure Of Private Equity Investment Improve the Performance Of European Firms?

    The paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms in the US and UK markets. This paper analyzes such influences in both listed...

    Provided By Boston College

  • White Papers // Jan 2010

    International Trade And Macroeconomic Dynamics With Labor Market Frictions

    Do country-specific labor market frictions - hiring and firing restrictions and protection of unemployed workers - affect the consequences of trade integration? The author addresses this question in a two-country model of trade and macroeconomic dynamics with heterogeneous firms, endogenous producer entry, and search and matching frictions in the labor...

    Provided By Boston College

  • White Papers // Dec 2009

    Pension Coverage And Retirement Security

    Much attention has focused on the shift in the private sector from defined benefit to defined contribution plans, primarily 401(k)s. Often forgotten, however, is that, at any given moment in time, only about half of private sector workers are covered by any sort of employer-sponsored plan. This lack of coverage...

    Provided By Boston College

  • White Papers // Dec 2009

    The Economic Benefits of the Sarbanes-Oxley Act?: Evidence From a Natural Experiment

    Section 404 of the Sarbanes-Oxley Act (SOX) requires firms with a public float over $75 million during 2002-2004 to file management reports beginning in 2004, but firms with a smaller float in each of the three years do not need to comply until the end of 2007. Relative to firms...

    Provided By Boston College

  • White Papers // Nov 2009

    Credit Ratings And The Evolution Of The Mortgage-Backed Securities Market

    The authors examine whether rating agencies (Moody's and S&P) reward large issuers of mortgage-backed securities, who bring substantial business, by granting them unduly favorable ratings. They also study whether and when the market begins to realize this incentive. For both AAA and non-AAA rated tranches sold by large issuers, their...

    Provided By Boston College

  • White Papers // Oct 2009

    Corporate Liquidity Management And Future Investment Expenditures

    The paper explores factors that lead to accumulation or decumulation of firms' cash reserves. In particular, the authors empirically examine whether additional future fixed capital and R&D investment expenditures induce firms to change their liquidity ratio while considering the role of market imperfections. Implementing a dynamic framework on a panel...

    Provided By Boston College

  • White Papers // Oct 2009

    On The Investment Sensitivity Of Debt Under Uncertainty

    The authors investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavior as the underlying firm-specific and market-level uncertainty changes. Their estimates show that the influence of leverage on capital investment may be stimulating or mitigating depending on the effects of uncertainty. Researchers have expended...

    Provided By Boston College

  • White Papers // Oct 2009

    Social Security And The Joint Trends In Labor Supply And Benefits Receipt Among Older Men

    Using data from the Current Population Surveys, the authors find an increase in the fraction of older American men who worked without receiving Social Security retirement benefits and a decline in the fraction of men who claimed benefits without working during the period 1980-2006. Using bivariate probit regressions, they find...

    Provided By Boston College

  • White Papers // Oct 2009

    Talent Management Study: The Pressures Of Talent Management

    Two dramatic changes - economic and demographic - are currently delivering shock waves to many organizations. Simply put, cracks have appeared in the foundations of the economy and the workforce is getting older. In 2008 - 2009, the news was dominated by stories of the global economic crisis and how...

    Provided By Boston College

  • White Papers // Sep 2009

    Older Americans On The Go: Financial And Psychological Effects Of Moving

    Moving is an important decision for any homeowner, requiring one to weigh the familiar comforts of a home and neighborhood against the uncertain potential of a new location. A move decision may be even more challenging for an older person. On the one hand, older people often have a decades-long...

    Provided By Boston College

  • White Papers // Aug 2009

    The Case For Investing In Bonds During Retirement

    For households seeking retirement income security, short-term deposits (such as money market accounts, certificates of deposit, and Treasury bills) seem an ideal and appropriate investment choice - particularly given the recent extraordinary turbulence in the financial markets. Over the past year, an investment in short-term deposits would have actually outperformed...

    Provided By Boston College

  • White Papers // Aug 2009

    The Implications Of Declining Retiree Health Insurance

    A large number of retirees have employer-sponsored Retiree Health Insurance (RHI). While RHI is a common source of supplemental coverage for Medicare beneficiaries, it is also the only affordable source of health insurance for many retirees under age 65 who have no access to Medicare. However, employers are scaling back...

    Provided By Boston College

  • White Papers // Aug 2009

    Should Social Security Rely Solely On The Payroll Tax?

    It's no secret that Social Security is facing a long-term financing shortfall. This problem can be solved only by putting more money into the system and/or by cutting benefits. There is no silver bullet. So the following discussion is not to suggest that there is an easy way out, but...

    Provided By Boston College

  • White Papers // Aug 2009

    Unusual Social Security Claiming Strategies: Costs And Distributional Effects

    When to claim Social Security is one of the most important decisions Americans face when approaching retirement. Recently, several unconventional claiming strategies have come to light - "Free Loan," "Claim and Suspend," and "Claim Now, Claim More Later" - that have the potential to pay higher lifetime benefits to some...

    Provided By Boston College

  • White Papers // May 2009

    Strange But True: Claim And Suspend Social Security

    With the current financial crisis wreaking havoc on retirement savings, many older people have had to reassess their retirement plans - they may decide to work longer or, if already retired, to re-enter the workforce. For those currently in the labor force, working longer increases monthly Social Security benefits. Social...

    Provided By Boston College

  • White Papers // Apr 2009

    Strange But True: Claim Social Security Now, Claim More Later

    Under Social Security, married individuals are entitled to a retired worker benefit based on their own earnings and/or to a spousal benefit equal to one half of their spouse's benefit claimed at the Full Retirement Age (currently 66). If a married individual claims before the Full Retirement Age, the Social...

    Provided By Boston College

  • White Papers // Mar 2009

    How Much Do Households Really Lose By Claiming Social Security At Age 62?

    Individuals can claim Social Security at any age from 62 to 70 although most claim at 62 or soon thereafter. Those who delay claiming receive increases that are approximately actuarially fair. The authors show that expected present value calculations substantially understate both the optimal claim age and the losses resulting...

    Provided By Boston College

  • White Papers // Mar 2009

    Rising Tides And Retirement: The Aggregate And Distributional Effects Of Differential Wage Growth On Social Security

    Recent growth in wage inequality has important implications for Social Security solvency and the distribution of benefits. Because only earnings below the taxable maximum are subject to Social Security payroll taxes, wage growth that is concentrated among very high earners will generate lower tax receipts than wage growth that is...

    Provided By Boston College

  • White Papers // Mar 2009

    Labor Supply Elasticity And Social Security Reform

    Previous literature on social security reform has used a variety of period utility functions and calibrated values for the Intertemporal Elasticity of Substitution (IES) in labor. In this paper, the authors extensively study various preferences and values for IES in a general equilibrium model with overlapping generations. They calibrate the...

    Provided By Boston College

  • White Papers // Mar 2009

    Strange But True: Free Loan From Social Security

    When to claim Social Security is one of the most important decisions Americans make when approaching retirement. Currently, retirees can choose between claiming at the Full Retirement Age and receiving full benefits, claiming as early as age 62 but receiving reduced benefits, or delaying retirement to as late as age...

    Provided By Boston College

  • White Papers // Mar 2009

    Berkshire Wireless Learning Initiative: Final Evaluation Report

    The current paper is the final report in a series of twelve quarterly and annual reports provided to the Massachusetts Technology Collaborative (MTC) by Boston College's Technology and Assessment Study Collaborative (inTASC) evaluation team. MTC provides oversight, on behalf of the Commonwealth, for state funding allocated to the Berkshire Wireless...

    Provided By Boston College

  • White Papers // Mar 2009

    Health Care, Health Insurance, And The Relative Income Of The Elderly And Nonelderly

    Cash income offers an incomplete picture of the resources available to finance household consumption. Most American families are covered by an insurance plan that pays for some or all of the health care they consume. Only a comparatively small percentage of families pay for the full cost of this insurance...

    Provided By Boston College

  • White Papers // Mar 2009

    Financial Hardship Before And After Social Security's Early Eligibility Age

    Although poverty rates for Americans ages 65 and older have plunged over the past half century, many people continue to fall into poverty in their late fifties and early sixties. This paper examines financial hardship rates in the years before qualifying for Social Security retirement benefits at age 62 and...

    Provided By Boston College

  • White Papers // Feb 2009

    Management Quality And Anti-Takeover Provisions

    The authors present the first analysis in the literature of the relationship between the quality and reputation of a firm's management and the prevalence of anti-takeover provisions in the corporate charters of IPO firms, and the influence of this relationship on post-IPO performance. They test the implications of two theories...

    Provided By Boston College

  • White Papers // Jan 2009

    Retirement And Social Security: A Time Series Approach

    Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how much to work, consume, and save for old age. However, remaining life expectancy is arguably a better way of examining these issues. As mortality rates decline, people at a given age now...

    Provided By Boston College

  • White Papers // Nov 2008

    The Financial Crisis And State/Local Defined Benefit Plans

    Equity assets in retirement plans dropped in value by about $4 trillion between October 9, 2007 and October 9, 2008. The decline was divided equally between defined benefit and 401(k)/Individual Retirement Accounts (IRAs). The decline in the defined benefit arena was in turn divided equally between private sector plans and...

    Provided By Boston College

  • White Papers // Nov 2008

    The Financial Crisis And Private Defined Benefit Plans

    Between October 9, 2007 and October 9, 2008, the value of equities in retirement plans dropped by about $4 trillion, with the decline divided equally between defined benefit and 401(k)/Individual Retirement Accounts (IRAs). The decline in the defined benefit arena was in turn divided equally between private sector plans and...

    Provided By Boston College

  • White Papers // Apr 2009

    Strange But True: Claim Social Security Now, Claim More Later

    Under Social Security, married individuals are entitled to a retired worker benefit based on their own earnings and/or to a spousal benefit equal to one half of their spouse's benefit claimed at the Full Retirement Age (currently 66). If a married individual claims before the Full Retirement Age, the Social...

    Provided By Boston College

  • White Papers // Jun 2011

    Social Security Reform And Male Labor Force Participation Around The World

    In this paper, the authors analyze the effect of Social Security regime changes on labor force participation of 50-80-year-old men across and within 13 countries: Argentina, Austria, Brazil, Chile, France, Greece, Malaysia, Mexico, Panama, Portugal, South Africa, Spain, and the United States. Labor force participation of men ages 50-80 has...

    Provided By Boston College

  • White Papers // Mar 2009

    How Much Do Households Really Lose By Claiming Social Security At Age 62?

    Individuals can claim Social Security at any age from 62 to 70 although most claim at 62 or soon thereafter. Those who delay claiming receive increases that are approximately actuarially fair. The authors show that expected present value calculations substantially understate both the optimal claim age and the losses resulting...

    Provided By Boston College

  • White Papers // Oct 2009

    Social Security And The Joint Trends In Labor Supply And Benefits Receipt Among Older Men

    Using data from the Current Population Surveys, the authors find an increase in the fraction of older American men who worked without receiving Social Security retirement benefits and a decline in the fraction of men who claimed benefits without working during the period 1980-2006. Using bivariate probit regressions, they find...

    Provided By Boston College

  • White Papers // Nov 2010

    The Treatment Of Married Women By The Social Security Retirement Program

    It is generally accepted that the Social Security program pays women a higher average ratio of lifetime benefits to lifetime taxes than it does men. Social Security's progressive benefit structure and annuity payment combine with women's lower average earnings and longer average life spans to provide women with more favorable...

    Provided By Boston College

  • White Papers // Mar 2009

    Rising Tides And Retirement: The Aggregate And Distributional Effects Of Differential Wage Growth On Social Security

    Recent growth in wage inequality has important implications for Social Security solvency and the distribution of benefits. Because only earnings below the taxable maximum are subject to Social Security payroll taxes, wage growth that is concentrated among very high earners will generate lower tax receipts than wage growth that is...

    Provided By Boston College

  • White Papers // Mar 2009

    Labor Supply Elasticity And Social Security Reform

    Previous literature on social security reform has used a variety of period utility functions and calibrated values for the Intertemporal Elasticity of Substitution (IES) in labor. In this paper, the authors extensively study various preferences and values for IES in a general equilibrium model with overlapping generations. They calibrate the...

    Provided By Boston College

  • White Papers // Mar 2009

    Strange But True: Free Loan From Social Security

    When to claim Social Security is one of the most important decisions Americans make when approaching retirement. Currently, retirees can choose between claiming at the Full Retirement Age and receiving full benefits, claiming as early as age 62 but receiving reduced benefits, or delaying retirement to as late as age...

    Provided By Boston College

  • White Papers // Jan 2011

    The Earnings And Social Security Contributions Of Documented And Undocumented Mexican Immigrants

    Using information supplied by immigrants interviewed by the Mexican Migration Project (MMP), the authors analyze the Social Security coverage of jobs held by legal and other-than-legal Mexican immigrants who work in the United States. Their analysis suggests that about half the Mexican-born migrants residing in the United States who are...

    Provided By Boston College

  • White Papers // Jan 2009

    Retirement And Social Security: A Time Series Approach

    Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how much to work, consume, and save for old age. However, remaining life expectancy is arguably a better way of examining these issues. As mortality rates decline, people at a given age now...

    Provided By Boston College

  • White Papers // Dec 2009

    Pension Coverage And Retirement Security

    Much attention has focused on the shift in the private sector from defined benefit to defined contribution plans, primarily 401(k)s. Often forgotten, however, is that, at any given moment in time, only about half of private sector workers are covered by any sort of employer-sponsored plan. This lack of coverage...

    Provided By Boston College

  • White Papers // Oct 2009

    On The Investment Sensitivity Of Debt Under Uncertainty

    The authors investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavior as the underlying firm-specific and market-level uncertainty changes. Their estimates show that the influence of leverage on capital investment may be stimulating or mitigating depending on the effects of uncertainty. Researchers have expended...

    Provided By Boston College

  • White Papers // Oct 2009

    Corporate Liquidity Management And Future Investment Expenditures

    The paper explores factors that lead to accumulation or decumulation of firms' cash reserves. In particular, the authors empirically examine whether additional future fixed capital and R&D investment expenditures induce firms to change their liquidity ratio while considering the role of market imperfections. Implementing a dynamic framework on a panel...

    Provided By Boston College

  • White Papers // Mar 2011

    How Can Customized Information Change Financial Plans?

    Many workers nearing retirement experienced a dramatic decrease in their retirement assets when the stock market crashed in 2008. In order to maintain their expected standard of living in retirement, workers needed to work longer, save more, or do both. To measure the response of older workers to this downturn,...

    Provided By Boston College

  • White Papers // Jun 2011

    Does Medicare Part D Protect The Elderly From Financial Risk?

    The Medicare Modernization Act of 2003 added the Part D prescription drug benefit to the Medicare program. This addition, which became effective in 2006, increased Medicare program costs by more than 10 percent in order to provide, for the first time, prescription drug coverage to enrollees. Part D has since...

    Provided By Boston College

  • White Papers // Sep 2009

    Older Americans On The Go: Financial And Psychological Effects Of Moving

    Moving is an important decision for any homeowner, requiring one to weigh the familiar comforts of a home and neighborhood against the uncertain potential of a new location. A move decision may be even more challenging for an older person. On the one hand, older people often have a decades-long...

    Provided By Boston College

  • White Papers // Aug 2009

    The Case For Investing In Bonds During Retirement

    For households seeking retirement income security, short-term deposits (such as money market accounts, certificates of deposit, and Treasury bills) seem an ideal and appropriate investment choice - particularly given the recent extraordinary turbulence in the financial markets. Over the past year, an investment in short-term deposits would have actually outperformed...

    Provided By Boston College

  • White Papers // Nov 2008

    The Financial Crisis And State/Local Defined Benefit Plans

    Equity assets in retirement plans dropped in value by about $4 trillion between October 9, 2007 and October 9, 2008. The decline was divided equally between defined benefit and 401(k)/Individual Retirement Accounts (IRAs). The decline in the defined benefit arena was in turn divided equally between private sector plans and...

    Provided By Boston College

  • White Papers // Nov 2008

    The Financial Crisis And Private Defined Benefit Plans

    Between October 9, 2007 and October 9, 2008, the value of equities in retirement plans dropped by about $4 trillion, with the decline divided equally between defined benefit and 401(k)/Individual Retirement Accounts (IRAs). The decline in the defined benefit arena was in turn divided equally between private sector plans and...

    Provided By Boston College

  • White Papers // Feb 2009

    Management Quality And Anti-Takeover Provisions

    The authors present the first analysis in the literature of the relationship between the quality and reputation of a firm's management and the prevalence of anti-takeover provisions in the corporate charters of IPO firms, and the influence of this relationship on post-IPO performance. They test the implications of two theories...

    Provided By Boston College

  • White Papers // Mar 2009

    Berkshire Wireless Learning Initiative: Final Evaluation Report

    The current paper is the final report in a series of twelve quarterly and annual reports provided to the Massachusetts Technology Collaborative (MTC) by Boston College's Technology and Assessment Study Collaborative (inTASC) evaluation team. MTC provides oversight, on behalf of the Commonwealth, for state funding allocated to the Berkshire Wireless...

    Provided By Boston College

  • White Papers // Dec 2009

    The Economic Benefits of the Sarbanes-Oxley Act?: Evidence From a Natural Experiment

    Section 404 of the Sarbanes-Oxley Act (SOX) requires firms with a public float over $75 million during 2002-2004 to file management reports beginning in 2004, but firms with a smaller float in each of the three years do not need to comply until the end of 2007. Relative to firms...

    Provided By Boston College

  • White Papers // Apr 2010

    The Effect Of Sports Franchises On Property Values: The Role Of Owners Versus Renters

    This paper estimates the public benefits to homeowners in cities with NFL franchises by examining housing prices rather than housing rents. In contrast to Carlino and Coulson (2004) the authors find that the presence of an NFL franchise has no effect on housing prices in a city. Furthermore, the authors...

    Provided By Boston College

  • White Papers // Mar 2010

    Does The Tenure Of Private Equity Investment Improve the Performance Of European Firms?

    The paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms in the US and UK markets. This paper analyzes such influences in both listed...

    Provided By Boston College

  • White Papers // Oct 2009

    Talent Management Study: The Pressures Of Talent Management

    Two dramatic changes - economic and demographic - are currently delivering shock waves to many organizations. Simply put, cracks have appeared in the foundations of the economy and the workforce is getting older. In 2008 - 2009, the news was dominated by stories of the global economic crisis and how...

    Provided By Boston College

  • White Papers // Nov 2009

    Credit Ratings And The Evolution Of The Mortgage-Backed Securities Market

    The authors examine whether rating agencies (Moody's and S&P) reward large issuers of mortgage-backed securities, who bring substantial business, by granting them unduly favorable ratings. They also study whether and when the market begins to realize this incentive. For both AAA and non-AAA rated tranches sold by large issuers, their...

    Provided By Boston College

  • White Papers // Aug 2010

    Social Bonds And Supplier Allocation Of Resources To Business Customers

    This paper addresses questions about the effect that social bonds between relationship partners have on the way in which a supplier allocates resources to its relationship with a buyer. Two key questions the paper addresses are the following. In business markets, does strength of social bonds that a supplier perceives...

    Provided By Boston College

  • White Papers // Jan 2010

    International Trade And Macroeconomic Dynamics With Labor Market Frictions

    Do country-specific labor market frictions - hiring and firing restrictions and protection of unemployed workers - affect the consequences of trade integration? The author addresses this question in a two-country model of trade and macroeconomic dynamics with heterogeneous firms, endogenous producer entry, and search and matching frictions in the labor...

    Provided By Boston College

  • White Papers // Aug 2009

    The Implications Of Declining Retiree Health Insurance

    A large number of retirees have employer-sponsored Retiree Health Insurance (RHI). While RHI is a common source of supplemental coverage for Medicare beneficiaries, it is also the only affordable source of health insurance for many retirees under age 65 who have no access to Medicare. However, employers are scaling back...

    Provided By Boston College

  • White Papers // Mar 2009

    Health Care, Health Insurance, And The Relative Income Of The Elderly And Nonelderly

    Cash income offers an incomplete picture of the resources available to finance household consumption. Most American families are covered by an insurance plan that pays for some or all of the health care they consume. Only a comparatively small percentage of families pay for the full cost of this insurance...

    Provided By Boston College

  • White Papers // May 2009

    Strange But True: Claim And Suspend Social Security

    With the current financial crisis wreaking havoc on retirement savings, many older people have had to reassess their retirement plans - they may decide to work longer or, if already retired, to re-enter the workforce. For those currently in the labor force, working longer increases monthly Social Security benefits. Social...

    Provided By Boston College

  • White Papers // Apr 2011

    Do Social Security Statements Affect Knowledge And Behavior?

    Deciding when to retire and claim Social Security benefits is one of the most important financial decisions that workers face. Therefore, ensuring that they have easy access to clear and timely information about their benefit options is a key goal for policymakers. In 1995, the Social Security Administration introduced the...

    Provided By Boston College

  • White Papers // May 2011

    Immigrant Diversity And Social Security: Recent Patterns And Future Prospects

    Immigration is transforming the U.S. labor force with important consequences for Social Security's adequacy and finances. Using longitudinal data from the Survey of Income and Program Participation matched to rich administrative data on lifetime earnings and benefit receipt, the authors measure the extent to which non-natives' lifetime earning patterns, payroll...

    Provided By Boston College

  • White Papers // Aug 2009

    Should Social Security Rely Solely On The Payroll Tax?

    It's no secret that Social Security is facing a long-term financing shortfall. This problem can be solved only by putting more money into the system and/or by cutting benefits. There is no silver bullet. So the following discussion is not to suggest that there is an easy way out, but...

    Provided By Boston College

  • White Papers // Aug 2010

    Adjusting Social Security For Increasing Life Expectancy: Effects On Progressivity

    Achieving long-run Social Security solvency requires addressing rising life expectancy. Increasing the Full Retirement Age (FRA), while holding the Early Entitlement Age (EEA) fixed could be effective but eventually will result in replacement rates that are viewed by many as too low. A possible policy to prop up replacement rates...

    Provided By Boston College

  • White Papers // Sep 2010

    Social Security's Financial Outlook: The 2010 Update In Perspective

    After being held up for four months while estimates were modified to reflect the expected effects of the Affordable Care Act (ACA), the 2010 Trustees Report for the Social Security system finally emerged in early August. The report contains no surprises, which may explain the relative lack of attention it...

    Provided By Boston College

  • White Papers // Aug 2009

    Unusual Social Security Claiming Strategies: Costs And Distributional Effects

    When to claim Social Security is one of the most important decisions Americans face when approaching retirement. Recently, several unconventional claiming strategies have come to light - "Free Loan," "Claim and Suspend," and "Claim Now, Claim More Later" - that have the potential to pay higher lifetime benefits to some...

    Provided By Boston College

  • White Papers // Mar 2009

    Financial Hardship Before And After Social Security's Early Eligibility Age

    Although poverty rates for Americans ages 65 and older have plunged over the past half century, many people continue to fall into poverty in their late fifties and early sixties. This paper examines financial hardship rates in the years before qualifying for Social Security retirement benefits at age 62 and...

    Provided By Boston College