State and Local Pensions Conference
Organized by Robert L. Clark and Joshua Rauh
Supported by the Smith Richardson Foundation
August 17-18, 2012
Jackson Hole, Wyoming

Friday, August 17

1

Why Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan

Jeffrey Brown, University of Illinois Urbana-Champaign and NBER
Scott Weisbenner, University of Illinois Urbana-Champaign

2

Linking Benefits to Investment Performance in US Public Pension Systems

Robert Novy-Marx, University of Rochester and NBER
Joshua Rauh, Stanford University and NBER

3

Pension Costs and Retirement Decisions in Plans that Combine DB and DC Elements: Evidence from Oregon

John Chalmers, University of Oregon
Woodrow T. Johnson, U.S. Securities and Exchange Commission
Jonathan Reuter, Boston College and NBER

4

The Reverse Annuity Puzzle: The Choice of Lump Sum Distributions among Separating Public Sector Workers

Robert L. Clark, North Carolina State University and NBER
Melinda S. Morrill, North Carolina State University and NBER

5

Worker Exits from State and Local Government Jobs: The Role of Pensions in Explaining Life Cycle Patterns

Leora Friedberg, University of Virginia

6

Reform of Ill-health Retirement Benefits for Police in England and Wales: The roles of National policy and local finance

Richard Disney, University College London
Rowena Crawford, Frontier Economics

7

Financial Education and Choice in State Public Pension Systems

Julie Agnew, College of William and Mary
Joshua Hurwitz, American Road & Transportation Builders Association (ARTBA)

8

Department of Defense Retirement

Jeffrey Smith, United States Air Force Academy
James West, Baylor University and NBER

9

Public Plans and Short-Term Employees

Alicia Munnell, Boston College
Jean-Pierre Aubry, Boston College
Josh Hurwitz, American Road & Transportation Builders Association (ARTBA)
Laura Quinby, Boston College

10

Investment Behavior in Public DB and DC Pension Plans

James Farrell, Florida Southern College
Daniel W. Shoag, Case Western Reserve University