State and Local Pensions Conference

Robert L. Clark and Joshua Rauh, Organizers

August 17-18, 2012

Jackson Hole, Wyoming

Conference Code of Conduct

Friday, August 17
Jeffrey Brown, University of Illinois at Urbana-Champaign and NBER
Scott Weisbenner, University of Illinois at Urbana-Champaign

Why Do Individuals Choose Defined Contribution Plans? Evidence from Participants in a Large Public Plan
Robert Novy-Marx, University of Rochester and NBER
Joshua Rauh, Stanford University and NBER

Linking Benefits to Investment Performance in US Public Pension Systems
John Chalmers, University of Oregon
Woodrow T. 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
Robert L. Clark, North Carolina State University and NBER
Melinda S. Morrill, North Carolina State University and NBER

The Reverse Annuity Puzzle: The Choice of Lump Sum Distributions among Separating Public Sector Workers
Leora Friedberg, University of Virginia

Worker Exits from State and Local Government Jobs: The Role of Pensions in Explaining Life Cycle Patterns
Richard Disney, University College London
Rowena Crawford, Institute for Fiscal Studies

Reform of Ill-health Retirement Benefits for Police in England and Wales: The roles of National policy and local finance
Julie Agnew, College of William and Mary
Joshua Hurwitz, Boston College

Financial Education and Choice in State Public Pension Systems
Jeffrey Smith, United States Air Force Academy
James West, Baylor University and NBER

Department of Defense Retirement
Alicia Munnell, Boston College
Jean-Pierre Aubry, Boston College
Josh Hurwitz, Boston College
Laura Quinby, Boston College

Public Plans and Short-Term Employees
James Farrell, Florida Southern College
Daniel W. Shoag, Case Western Reserve University

Investment Behavior in Public DB and DC Pension Plans