We use the Health and Retirement Study to examine the effects of job loss on factors affecting retirement incentives, including earnings, assets and pensions. We then estimate models of the retirement decision, which take into account the incentive to retire and any additional effects of...

This paper explores the mobility and residential choices of older adults, with a focus on the influence of their children’s location on those decisions. Using the geocoded Health and Retirement Study, we undertake a descriptive analysis of households’ residential experiences as they age, and...

This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine administrative and self-reported pension data to measure the...

This paper investigates the responsiveness of individuals' retirement expectations to forward-looking measures of pension wealth accumulations. While most of the existing literature on retirement has used cross-sectional variation to identify the effects of pension and Social Security wealth on...

This paper uses data from the Health and Retirement Study to examine the employment and retirement behavior of men aged fifty and above who have experienced an involuntary job loss. Hazard models for returning to work and for exiting post-displacement employment are estimated and used to examine...

This paper documents how the decisions of young adults to return to live with their parents (‘boomerang') may contribute to low or declining levels of out-migration from weak labor markets. Using the Panel Study of Income Dynamics and a locational choice model, we find that the likelihood of a...

This paper documents a linkage between two empirical trends: the low levels of out-migration from weak labor markets, and the increasing rate at which young adults return to live with their parents (‘boomerang'). Using the American Community Survey, we show that boomerang moves are more likely...

The mortgage default decision is part of a complex household credit management problem. We examine how factors affecting mortgage default spill over to other credit markets. As home equity turns negative, homeowners default on mortgages and HELOCs at higher rates, whereas they prioritize...