2006 Symposium: Transitioning to Retirement: How Will Boomers Fare?

April 24-25, 2006

About the Conference

Presenters at this conference drew on new microeconomic panel datasets including the Health and Retirement Study to evaluate how well Baby Boomers compare with prior cohorts, in terms of their preparedness for retirement. Papers examined financial, health, and social capital of Boomers on the verge of retirement, with similar measures of wellbeing or shortfalls for previous cohorts.

This conference was a Wharton Impact Conference sponsored by the Wharton School’s Pension Research Council and Boettner Center for Pensions and Retirement Research.

Co-organized by Beth Soldo, Brigitte Madrian, and Olivia S. Mitchell.

Conference Agenda

Session I: Projecting Financial Wellbeing Across Cohorts

  • “Baby Boomers and Their Parents: How Will Their Economic Well-Being Compare in Retirement?”
    Joyce Manchester, SSA; John Sabelhaus, CBO
  • “Cohort Wealth Near and Following Retirement”
    Michael Hurd and Susann Rohwedder, Rand Corporation
  • “The Sufficiency of Retirement Savings: A Comparison of Two Cohorts of Retired Workers at the Time of Retirement and Ten Years Later”
    Barbara Wolfe, Robert Haveman, and Karen Holden, University of Wisconsin-Madison
  • “It’s All Relative: Understanding the Retirement Prospects of Baby Boomers”
    Howard M. Iams, SSA; Barbara A. Butrica and Karen E. Smith, Urban Institute

Session II: Other Resources for Retirement

  • “Cross-Cohort Differences in Retirement Expectations and Realizations”
    Nicole Maestas, Rand Corporation
  • “Health Insurance Coverage of the Baby Boomers Approaching Retirement”
    Helen Levy, University of Michigan
  • “Cross-Cohort Differences in Retirement Preparedness: A Multi-level Analysis of Aggregate and Individual Influences”
    Olivia Mitchell and Beth Soldo, University of Pennsylvania
  • “Inflation Rates for the Elderly”
    John Piggott and Emiliano A. Valdez, University of New South Wales

Session III: The Role of Institutions for Saving and Dissaving

  • “Explaining Saving Behavior Between Cohorts: The Role of Planning and Financial Literacy”
    Anna Maria Lusardi, Dartmouth College
  • “Defined Contribution Pension Plans and the Measurement of Retirement Wealth: Implications for Studies of Pension Knowledge, Saving, and the Timing of Retirement”
    Gary V. Englehardt, Syracuse University; Anil Kumar, Federal Reserve Bank of Dallas
  • “Pensions, Portfolio Choices, and Wealth at Retirement”
    Leora Friedberg, University of Virginia; Anthony Webb, International Longevity Center
  • “Does the Introduction of Individual Retirement Accounts Induce Biases and Crowd out Direct Stock Market Investment?”
    Massimo Massa, INSEAD; Andrei Simonov, Stockholm School of Economics

For More Information

For more information, including how to register, please contact:

Pension Research Council
The Wharton School, University of Pennsylvania
3000 Steinberg Hall – Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620
Fax: 215.573-3418
Email: prc@wharton.upenn.edu