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NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC.
Conference on Retirement Benefits
for State and Local Employees: Designing Pension Plans for the Twenty-First
Century
Robert Clark and Joshua Rauh, Organizers
August 17-18, 2012
Jackson
Lake Lodge
Wrangler/Prospector/Homesteader
Room
Grand Teton National Park
Moran,
Wyoming
Program
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Thursday, August 16: |
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6:00
pm |
Reception and Dinner at Jackson Lake Lodge - Trappers Room |
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Friday, August 17:
Morning Session Moderated by Robert Clark |
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9:00
am |
Jeffrey Brown, University of Illinois and NBER Scott Weisbenner, University of Illinois and
NBER Why
Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan
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10:00
am |
Robert Novy-Marx, University of Rochester and NBER Joshua Rauh,
Stanford University and NBER Linking
Benefits to Investment Performance in US Public Pension Systems |
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11:00
am |
Break |
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11:15
am |
John Chalmers, University of Oregon Woodrow Johnson, U.S. Securities and Exchange Commission Jonathan Reuter, Boston College and NBER Pension Costs and Retirement Decisions in
Plans that Combine DB and DC Elements: Evidence from Oregon |
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Afternoon Session Moderated by James Poterba |
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1:00
pm |
John Beshears, Stanford University and NBER James Choi, Yale University and NBER David Laibson, Harvard University and NBER Brigitte Madrian, Harvard University and NBER Stephen Zeldes,
Columbia University and NBER What
Makes Annuitization More Appealing? |
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2:00
pm |
Robert Clark, North Carolina State University and NBER Melinda Morrill, North Carolina State University David Vanderweide, North Carolina General
Assembly The Reverse
Annuity Puzzle: The Choice of Lump Sum Distributions among Separating Public
Sector Workers |
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3:00
pm |
Break |
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3:15
pm |
Julie Agnew, College of William
and Mary Joshua Hurwitz, Boston College Financial Education and Choice in State Public
Pension Systems |
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4:15
pm |
Wrap up discussion of day one |
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5:15
pm |
Bus departs for dinner at Clark
Home |
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8:30
pm |
Bus returns to Jackson
Lake Lodge |
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Saturday, August 18: Morning Session
Moderated by Robert Clark |
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8:00
am |
Breakfast |
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8:30
am |
Leora Friedberg,
University of Virginia Worker
Exits from State and Local Government Jobs: The Role of Pensions in
Explaining Life Cycle Patterns |
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9:30
am |
Rowena Crawford, IFS Richard Disney, University College London Reform of Ill-Health Retirement
Benefits for Police in England and Wales:The |
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Discussants: Robert Clark, North Carolina State University and NBER David Vanderweide, North Carolina General
Assembly |
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10:30
am |
Break |
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10:45
am |
Jeffrey Smith, Virginia Military Institute James West, Baylor University Department
of Defense Retirement Discussant: Alan Gustman, Dartmouth College and NBER |
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11:45
am |
Lunch - Trappers Room |
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Afternoon Session Moderated by Joshua Rauh |
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12:30
pm |
Jean-Pierre Aubry, Boston College Joshua Hurwitz, Boston College Alicia Munnell,
Boston College Laura Quinby,
Harvard University Public Plans and
Short-Term Employees |
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1:30
pm |
James Farrell, Florida Southern College Daniel Shoag, Harvard University |
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Discussant: Luis Viceira,
Harvard University and NBER |
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2:30
pm |
Break |
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2:45
pm |
Edward Glaeser, Harvard University and NBER Giacomo Ponzetto, CREI, Universitat Pompeu Fabra Shrouded
Costs of Government: The Political
Economy of State and Local
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3:45
pm |
General Discussion |
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4:00
pm |
Conference Concludes |
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Format:
25
minutes for authors
15
minutes for discussants
20
minutes for general audience discussion