NBER

Beth Ritter

North Carolina State University

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: North Carolina State University

NBER Working Papers and Publications

January 2020How Are Employers Responding to an Aging Workforce?
with Robert L. Clark: w26633
The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and organizations is how does workforce aging affect labor costs, productivity and the sustainability of the organization. This paper examines employer responses to workforce aging including changes retirement policies, modification in working conditions, the adoption of phased retirement plans, and reforming other employee benefits.
February 2019Employer Concerns and Responses to an Aging Workforce
with Robert L. Clark, Steven Nyce, John B. Shoven: w25572
Economist and public policy analysts have devoted considerable research to examining the work and retirement decisions of employees. Much less effort has been spent on understanding the concerns and challenges of employers if their workers delay retirement and remain on the job until older ages. In this study, we report findings from three employer surveys with the objective of learning how organizations are responding to the aging of their workforces. The surveys provide several important observations. First, employer concerns about workforce aging vary considerably across the economy. To some firms, these demographic changes are of immediate concern and are viewed as a significant risk to the organization while other firms remain more concerned about potential productivity and cost ...

Published: Robert L. Clark & Steven Nyce & Beth Ritter & John Shoven, 2019. "Employer Concerns and Responses to an Aging Workforce," The Journal of Retirement, vol 6(4), pages 82-99.

December 2018Annuity Pricing in Public Pension Plans: Importance of Interest Rates
with Nino Abashidze, Robert L. Clark, David Vanderweide: w25343
There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees, teachers, and local government employees. An important component of the analysis is the construction of a data set presenting the annuity options offered by each of these plans and how the monthly benefits for these distribution options are priced. The analysis shows that interest rates used to price annuities vary considerably across the plans. As a result, retirees with the same monthly benefit if a single life benefit is chosen will have substantially different monthly benefits if they select...

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