Brigitte Madrian, Olivia S. Mitchell, and Beth J. Soldo (eds)
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199230778
- eISBN:
- 9780191710971
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199230778.001.0001
- Subject:
- Business and Management, Pensions and Pension Management
As the leading edge of the “Baby Boom” generation in the United States reaches sixty years of age, members of this unusually large cohort born between 1946 and 1966 are poised to redefine retirement ...
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As the leading edge of the “Baby Boom” generation in the United States reaches sixty years of age, members of this unusually large cohort born between 1946 and 1966 are poised to redefine retirement — just as they have restructured educational, housing, and labor markets previously. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. This book notes that “Boomers” will be better off than their predecessors in many ways, having benefited from the long run-up in housing prices, dramatic improvements in healthcare, and the expanding economy. On the other hand, the generation's sheer size will surely squeeze resources and require new approaches to retirement risk management. On average, the Boomers are in better financial and physical health than prior cohorts, and they can be anticipated to fare better than current retirees in absolute terms. Yet the distribution of retiree income and wealth will be less equal than in earlier years, and in relative terms, many Boomers will be less well off than their forebears. The chapters in this book use many invaluable models and datasets, including the incomparable Health and Retirement Study (HRS) which affords unique insights into the status of mature adults surveyed at the same age and hence same point in their life cycles, but at three different time periods. Chapter contributors offer new evidence about prospects for health and income during retirement, as well as pensions and housing equity, health, portfolio allocation, and financial literacy.Less
As the leading edge of the “Baby Boom” generation in the United States reaches sixty years of age, members of this unusually large cohort born between 1946 and 1966 are poised to redefine retirement — just as they have restructured educational, housing, and labor markets previously. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. This book notes that “Boomers” will be better off than their predecessors in many ways, having benefited from the long run-up in housing prices, dramatic improvements in healthcare, and the expanding economy. On the other hand, the generation's sheer size will surely squeeze resources and require new approaches to retirement risk management. On average, the Boomers are in better financial and physical health than prior cohorts, and they can be anticipated to fare better than current retirees in absolute terms. Yet the distribution of retiree income and wealth will be less equal than in earlier years, and in relative terms, many Boomers will be less well off than their forebears. The chapters in this book use many invaluable models and datasets, including the incomparable Health and Retirement Study (HRS) which affords unique insights into the status of mature adults surveyed at the same age and hence same point in their life cycles, but at three different time periods. Chapter contributors offer new evidence about prospects for health and income during retirement, as well as pensions and housing equity, health, portfolio allocation, and financial literacy.
David Blitzstein, Olivia S. Mitchell, and Stephen P. Utkus
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199204656
- eISBN:
- 9780191603822
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199204659.003.0001
- Subject:
- Economics and Finance, Financial Economics
An aging-population tsunami is sweeping the world, and capital markets have buffeted pension plans while retiree healthcare care costs rise without letup. This coincidence of shocks marks a crucial ...
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An aging-population tsunami is sweeping the world, and capital markets have buffeted pension plans while retiree healthcare care costs rise without letup. This coincidence of shocks marks a crucial moment for global retirement security, since public and private retirement systems everywhere have fared poorly just as the massive Baby Boom generation moves into retirement. Clearly, urgent efforts are needed to enhance risk management for public and private pension systems around the world. This book explores three aspects of the evolution of risk and reward-sharing in retirement to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk. This chapter previews the remarkable findings by contributors to this volume.Less
An aging-population tsunami is sweeping the world, and capital markets have buffeted pension plans while retiree healthcare care costs rise without letup. This coincidence of shocks marks a crucial moment for global retirement security, since public and private retirement systems everywhere have fared poorly just as the massive Baby Boom generation moves into retirement. Clearly, urgent efforts are needed to enhance risk management for public and private pension systems around the world. This book explores three aspects of the evolution of risk and reward-sharing in retirement to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk. This chapter previews the remarkable findings by contributors to this volume.
David Blitzstein, Olivia S. Mitchell, and Stephen P. Utkus (eds)
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199204656
- eISBN:
- 9780191603822
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199204659.001.0001
- Subject:
- Economics and Finance, Financial Economics
This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, ...
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This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in. The book addresses the question: ‘What are the new risks and rewards in pensions, and what paths can stakeholders chose to solve these problems?’ In doing so, it explores three aspects of the evolution of risk and reward-sharing in retirement in order to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk.Less
This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in. The book addresses the question: ‘What are the new risks and rewards in pensions, and what paths can stakeholders chose to solve these problems?’ In doing so, it explores three aspects of the evolution of risk and reward-sharing in retirement in order to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk.
- Published in print:
- 2006
- Published Online:
- October 2013
- ISBN:
- 9780300108569
- eISBN:
- 9780300133189
- Item type:
- chapter
- Publisher:
- Yale University Press
- DOI:
- 10.12987/yale/9780300108569.003.0016
- Subject:
- History, Social History
To make a centrist agenda in American politics possible, the country's political leaders need to soften their partisan stance and cooperate to come up with a more pragmatic middle course. At present ...
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To make a centrist agenda in American politics possible, the country's political leaders need to soften their partisan stance and cooperate to come up with a more pragmatic middle course. At present neither the Republican nor the Democratic Party can lay undisputed claim to the vital center. However, there are important trends at work that offer hope: the aging of the population and foreign affairs. The Baby Boom's retirement represents a seismic demographic shift that necessitates an adjustment from the public, rather than vice versa. Neither Democrats nor Republicans currently have a formula capable of coping with a change of this magnitude. In addition, the two parties are sharply divided in the area of foreign policy. While Republicans put a greater emphasis on the use of force, Democrats emphasize diplomacy. But in order for foreign policy to be effective, a right balance between the two is required. Moreover, the United States must closely cooperate with other nations if it wants to eliminate the global threat of terrorism and nuclear weapons proliferation while fostering global economic development.Less
To make a centrist agenda in American politics possible, the country's political leaders need to soften their partisan stance and cooperate to come up with a more pragmatic middle course. At present neither the Republican nor the Democratic Party can lay undisputed claim to the vital center. However, there are important trends at work that offer hope: the aging of the population and foreign affairs. The Baby Boom's retirement represents a seismic demographic shift that necessitates an adjustment from the public, rather than vice versa. Neither Democrats nor Republicans currently have a formula capable of coping with a change of this magnitude. In addition, the two parties are sharply divided in the area of foreign policy. While Republicans put a greater emphasis on the use of force, Democrats emphasize diplomacy. But in order for foreign policy to be effective, a right balance between the two is required. Moreover, the United States must closely cooperate with other nations if it wants to eliminate the global threat of terrorism and nuclear weapons proliferation while fostering global economic development.
Mark Duggan and Scott A. Imberman (eds)
- Published in print:
- 2009
- Published Online:
- February 2013
- ISBN:
- 9780226132310
- eISBN:
- 9780226132327
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226132327.003.0012
- Subject:
- Economics and Finance, Public and Welfare
This chapter, which addresses three categories of explanation—the characteristics of individuals insured by the Disability Insurance (DI) program, the state of the economy, and the generosity of ...
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This chapter, which addresses three categories of explanation—the characteristics of individuals insured by the Disability Insurance (DI) program, the state of the economy, and the generosity of program benefits—argues that the growth in DI rolls is likely to continue and perhaps accelerate going forward. The data indicate that the recessions of 1991 and 2001 can explain 24 percent of the growth in DI receipt among men and 12 percent of the growth among women. Changes in health during the past two decades have slowed rather than added to the growth of the DI rolls. DI awards for certain conditions were much more affected by the liberalized medical eligibility criteria than others. The aging of the Baby Boom population will result in significant increases in DI receipt during the next fifteen years. The incentive to apply for DI will increase with the rising value of health insurance through Medicare.Less
This chapter, which addresses three categories of explanation—the characteristics of individuals insured by the Disability Insurance (DI) program, the state of the economy, and the generosity of program benefits—argues that the growth in DI rolls is likely to continue and perhaps accelerate going forward. The data indicate that the recessions of 1991 and 2001 can explain 24 percent of the growth in DI receipt among men and 12 percent of the growth among women. Changes in health during the past two decades have slowed rather than added to the growth of the DI rolls. DI awards for certain conditions were much more affected by the liberalized medical eligibility criteria than others. The aging of the Baby Boom population will result in significant increases in DI receipt during the next fifteen years. The incentive to apply for DI will increase with the rising value of health insurance through Medicare.
Nancy Whittier
- Published in print:
- 2018
- Published Online:
- August 2018
- ISBN:
- 9780190886172
- eISBN:
- 9780190911843
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190886172.003.0011
- Subject:
- Political Science, American Politics
The anti-Trump Resistance involves activists from an unusually wide range of political and chronological generations: movement veterans from the 1960s and 1970s, Generation X activists politicized in ...
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The anti-Trump Resistance involves activists from an unusually wide range of political and chronological generations: movement veterans from the 1960s and 1970s, Generation X activists politicized in the 1980s and 1990s, Millennials who entered activism in the 2000s, and newcomers of all ages. Political generations differ in worldview based on both age and time of entry into activism. Generational spillover—the mutual influence, difference, and conflict among political generations—includes explicit attempts to teach organizing, and indirect influences on frames, organizational structures, tactics, ideologies, and goals. This chapter discusses generational spillover in the Resistance, including transmission and conflict.Less
The anti-Trump Resistance involves activists from an unusually wide range of political and chronological generations: movement veterans from the 1960s and 1970s, Generation X activists politicized in the 1980s and 1990s, Millennials who entered activism in the 2000s, and newcomers of all ages. Political generations differ in worldview based on both age and time of entry into activism. Generational spillover—the mutual influence, difference, and conflict among political generations—includes explicit attempts to teach organizing, and indirect influences on frames, organizational structures, tactics, ideologies, and goals. This chapter discusses generational spillover in the Resistance, including transmission and conflict.
Stephen Bullivant
- Published in print:
- 2019
- Published Online:
- May 2019
- ISBN:
- 9780198837947
- eISBN:
- 9780191874598
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198837947.003.0004
- Subject:
- Religion, Religion and Society
The late 1940s and 1950s are rightly regarded as a period of social upheaval and restructuring on both sides of Atlantic. The post-war Baby Boom, the GI Bill, the Cold War, suburbanization, growing ...
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The late 1940s and 1950s are rightly regarded as a period of social upheaval and restructuring on both sides of Atlantic. The post-war Baby Boom, the GI Bill, the Cold War, suburbanization, growing prosperity, urban regeneration, social mobility, road building, and car and television ownership all form part of this story. These years are also often viewed in retrospect as a ‘boom time’ for mainstream religion: a time of growing devotion, church building, and—among Catholics particularly—growing self-confidence and social acceptance. Yet under the surface, cracks were beginning to form, with lapsation (or leakage) a source of growing anxiety. This chapter narrates the socio-religious history of this period, in light of three theoretical lenses: social network theory, plausibility structures, and Credibility Enhancing Displays (CREDs).Less
The late 1940s and 1950s are rightly regarded as a period of social upheaval and restructuring on both sides of Atlantic. The post-war Baby Boom, the GI Bill, the Cold War, suburbanization, growing prosperity, urban regeneration, social mobility, road building, and car and television ownership all form part of this story. These years are also often viewed in retrospect as a ‘boom time’ for mainstream religion: a time of growing devotion, church building, and—among Catholics particularly—growing self-confidence and social acceptance. Yet under the surface, cracks were beginning to form, with lapsation (or leakage) a source of growing anxiety. This chapter narrates the socio-religious history of this period, in light of three theoretical lenses: social network theory, plausibility structures, and Credibility Enhancing Displays (CREDs).
Stephen Bullivant
- Published in print:
- 2019
- Published Online:
- May 2019
- ISBN:
- 9780198837947
- eISBN:
- 9780191874598
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198837947.003.0002
- Subject:
- Religion, Religion and Society
This chapter shows what light the quantitative sociology of religion can shed on Catholic disaffiliation. Drawing on recent data from high-quality survey programmes—the British Social Attitudes (BSA) ...
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This chapter shows what light the quantitative sociology of religion can shed on Catholic disaffiliation. Drawing on recent data from high-quality survey programmes—the British Social Attitudes (BSA) and the General Social Survey (GSS)—it presents a detailed portrait of Catholic disaffiliates in Britain and America across a broad range of demographic indicators (region, age, sex, birth year, birth cohort, race, immigrant status). Illuminating comparisons are also drawn to the retention, disaffiliation, and conversion rates in other major British and American denominations (Lutheran, Anglican/Episcopalian, Baptist, Methodist, Presbyterian). Among other important findings, these analyses provide a great deal of evidence for regarding the post-war Baby Boomers as a watershed generation with regard to the following decades’ steady declines in Catholic practice and identity.Less
This chapter shows what light the quantitative sociology of religion can shed on Catholic disaffiliation. Drawing on recent data from high-quality survey programmes—the British Social Attitudes (BSA) and the General Social Survey (GSS)—it presents a detailed portrait of Catholic disaffiliates in Britain and America across a broad range of demographic indicators (region, age, sex, birth year, birth cohort, race, immigrant status). Illuminating comparisons are also drawn to the retention, disaffiliation, and conversion rates in other major British and American denominations (Lutheran, Anglican/Episcopalian, Baptist, Methodist, Presbyterian). Among other important findings, these analyses provide a great deal of evidence for regarding the post-war Baby Boomers as a watershed generation with regard to the following decades’ steady declines in Catholic practice and identity.
