1. Monthly Seminar May 30, 2014 Project Director: Dr. A. Hervani Faculty Mentors: Dr. P. Aka; Dr. E. Arnott-Hill Fellow: R. Spaulding

2.  Baby Boomers  Elderly  Early retirees  Singles/Head of households  Gender - Female  Mid-50s  Ethnic groups – African-Americans, Hispanics  Entrepreneurs

3. Socio-economic changes:  Availability of employer retirement benefits (changes from defined-benefit plans to defined-contribution plans to individual plans)  Forced early retirement  Poverty  Health  Social Security  Savings  Investments

4.  Financial knowledge (pension incentives, income tax credits)  Financial practices (saving, budgeting, personal decision-making)  Wealth vs Income  Wealth gap  Gender gap  Elder care; long-term care  Health; disabilities, chronic illness

5.  U.S. Social Security Administration/Modeling Income in the Near Term (MINT)/ Micro-simulation  Eurostat & U.S. Census Bureau/European Union Statistics on Income and Living Conditions (EU-SILC), U.S. Panel Study of Income Dynamics (US-PSID)/Comparative analysis  U.S. Census of Population and Housing/ 5% Public Use Microdata Sample (PUMS)/ Multivariate Models

6.  National Institute on Aging & Social Security Administration/University of Michigan Health and Retirement Study (HRS), Waves 1-4/multivariate models; simulations, structural retirement model, descriptive statistics, comparatives  Survey of Consumer Finances (SCF)/Urban Institute’s DYNASIM3/micro-simulation model  Statistics Canada’s Research Data Centre/2009 Canadian Financial Capability Survey (CFCS)/Multivariate, regression analyses  Bureau of Labor Statistics/National Longitudinal Survey of Mature Women (NLSMW)/Hierarchical linear model

7.  Government benefits (support, subsidies)  Fringe benefits (other compensation, i.e. education reimbursement)  Data collection (disaggregation by race, gender, ethnicity)  Opportunities (job training)  Incentives to save  Health insurance (adequate protection)  Financial education (schools, employers)

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9. Haas III, W. H., Bradley, D. E., Longino Jr., C. F., Stoller, E. P., & Serow, W. J. (2006). In retirement migration, who counts? A methodological question with economic policy implications. The Gerontologist, 46(6), 815-820. Holtz-Eakin, D., Joulfaian, D., & Rosen, H. S. (1994). Entrepreneurial decisions and liquidity constraints. Rand Journal of Economics, 25, 334-347. Hui, T. S., Vincent, C. & Woolley, F. (2011). Understanding gender differences in retirement saving decisions. Social Research and Demonstration Corporation. Ottawa, Ontario Iams, H. M., Reznik, G. L., & Tamborini, C. R. (2010). Earnings sharing in the U.S. Security system: A microsimulation analysis of future female retirees. The Gerontologist, 50(4), 495-508. Mermin, G. B. T., Zedlewski, S. R. & Toohey, D. J. (2008). Diversity in retirement wealth accumulation. Urban Institute. The Retirement Policy Program, Brief Series 24, 1-12. Peeters, H., Debels, A., & Verpoorten, R. (2013). Excluding institutionalized elderly from surveys: Consequences for income and poverty statistics. Social Indicators Research, 110, 751-769.

10. Smith, J. P. (1995). Racial and ethnic differences in wealth in the health and retirement study. The Journal of Human Resources, 30, 158-183. Snyder, A. R., McLaughlin, D. K., & Findeis, J. (2006). Household composition and poverty among female-headed households with children: Differences by race and residence. Rural Sociology, 71(4), 597-624. Wakabayashi, C. and Donato, K. M. (2006). Does caregiving increase poverty among women in later life? Evidence from the Health and Retirement Survey. Journal of Health and Social Behavior, 47(3), 258-274. Whitaker, E. A., Bokemeier, J. L., & Loveridge, S. (2011). Retirement plan participation in an era of change: The case of a rural region. Rural Sociology, 76(3), 319-346. Willson, A. E. (2003). Race and women’s income trajectories: Employment, marriage, and income security over the life course. Social Problems, 50(1), 87-110. Wright, R. (2011). Paying for retirement: Sex differences in inclusion in employer-provided retirement plans. The Gerontologist, 52(2), 231-244.