@article {9832,
	title = {Parental Investments in College and Later Cash Transfers},
	journal = {Demography},
	volume = {55},
	year = {2018},
	month = {10/2018},
	pages = {1705-1725},
	abstract = {Parents often provide generous financial transfers to their adult children, perhaps assisting with college expenses, recognizing major life course events, or cushioning against negative financial shocks. Because resources are limited, a transfer made to one child likely affects transfers made to others in the family. Despite such possibilities, data limitations have led previous authors to focus almost exclusively on a single type of transfer made at a single point in time. Using data from the Health and Retirement Study, we examine the relationships among parental transfers for college and later cash transfers to all children within a family. We find that parents typically spend differentially on the postsecondary schooling of their children but find no evidence that this differential spending is offset by later cash transfers.},
	keywords = {College, Family transfers, Finances, Social Support},
	issn = {0070-3370},
	doi = {10.1007/s13524-018-0703-6},
	url = {http://link.springer.com/10.1007/s13524-018-0703-6http://link.springer.com/content/pdf/10.1007/s13524-018-0703-6.pdfhttp://link.springer.com/content/pdf/10.1007/s13524-018-0703-6.pdfhttp://link.springer.com/article/10.1007/s13524-018-0703-6/fulltext.html},
	author = {Steven Haider and Kathleen McGarry}
}
@article {9435,
	title = {Postsecondary Schooling and Parental Resources: Evidence from the PSID and HRS},
	journal = {Education Finance and Policy},
	volume = {13},
	year = {2018},
	pages = {72-96},
	abstract = {We examine the association between young adult postsecondary schooling and parental financial resources using two datasets that contain high-quality data on parental resources: the Panel Study of Income Dynamics (PSID) and the Health and Retirement Study (HRS). We find the association to be pervasiveit exists for income and wealth, it extends far up the income and wealth distributions, it remains even after we control for a host of other characteristics, and it continues beyond simply beginning postsecondary schooling to completing a four-year degree. Using the Transition to Adulthood supplement to the PSID, we also find that financial resources strongly affect postsecondary schooling for all levels of high school achievement, and particularly for those at the highest level.},
	keywords = {Education, Inequality, Parents, PSID},
	issn = {1557-3060},
	doi = {10.1162/edfp_a_00219},
	url = {http://www.mitpressjournals.org/doi/abs/10.1162/edfp_a_00219http://www.mitpressjournals.org/doi/pdf/10.1162/EDFP_a_00219},
	author = {Steven Haider and Kathleen McGarry}
}
@mastersthesis {6108,
	title = {Three essays in labor economics and the economics of education},
	volume = {3634483},
	year = {2014},
	note = {Copyright - Copyright ProQuest, UMI Dissertations Publishing 2014 Last updated - 2014-10-25 First page - n/a},
	month = {2014},
	pages = {103},
	school = {Michigan State University},
	type = {Ph.D.},
	address = {East Lansing, MI},
	abstract = {In the first chapter of my dissertation, I examine the robustness of typical teacher quality measures to alternate ranking systems factoring in the dispersion of value-added. The typical measure used by researchers and school administrators to evaluate teachers is based on how the students{\textquoteright} achievement increases after being exposed to the teacher, or based on the teacher{\textquoteright}s {\textquoteleft}{\textquoteleft}value-added{\textquoteright}{\textquoteright}. When teacher value-added is heterogeneous across her students, then the typically used measure reflects differences in the average value-added the teacher provides. However, researchers, administrators, and parents may care not just about the average value-added, but also its variance. Encouragingly, ranking systems factoring in the dispersion produce similar rankings as the ranking system based only on the mean. In the second chapter, I examine the effect of measurement error in the dependent variable on quantile regression, because unlike OLS regression, even classical measurement error can generate bias. I examine the pattern and size of the bias using both simulation and an empirical example. The simulations indicate that classical error can cause bias and that non-classical measurement error, particularly heteroskedastic measurement error, has the potential to produce substantial bias. Using restricted access Health and Retirement Study data containing matched IRS W-2 earnings records, I examine whether estimates of the returns to education statistically differ using a precisely measured and mismeasured earnings variable. I find that returns to education are over-stated by roughly 1 percentage point at the median and 75th percentile using earnings reported by survey respondents. In the third chapter, my coauthors and I investigate how the precision and stability of a teacher{\textquoteright}s value-added estimate relates to student characteristics. We find that the year-to-year stability of teacher value-added estimates can depend on the previous achievement level of a teacher{\textquoteright}s students. The stability level of the estimates are typically 25\% to more than 50\% larger for teachers serving initially higher performing students. We offer a policy simulation demonstrating that teachers who serve low-achieving students may be differentially likely to be the recipient of sanctions in a high stakes policy based on value-added estimates.},
	keywords = {Demographics, Employment and Labor Force, Methodology, Public Policy, Social Security},
	url = {http://proxy.lib.umich.edu/login?url=http://search.proquest.com/docview/1612354970?accountid=14667http://mgetit.lib.umich.edu/?ctx_ver=Z39.88-2004\&ctx_enc=info:ofi/enc:UTF-8\&rfr_id=info:sid/Dissertations+\%26+Theses+\%40+CIC+Institutions\&rft_val_fmt=info:of},
	author = {Stacy, Brian}
}
@article {5923,
	title = {Parental Investments in College and Later Cash Transfers},
	year = {2012},
	note = {electronic resource},
	institution = {Cambridge, Mass., National Bureau of Economic Research},
	abstract = {The rising cost of college tuition and the accompanying investment parents often make have received considerable attention recently. While classic models in economics make important predictions about the magnitudes of these investments, their distribution across children, and their relationship with later cash transfers, there has been little empirical work examining these predictions, especially with regards to the differential treatment of siblings. Using unique data from a supplement to the Health and Retirement Study, we find that parents typically invest differentially in the schooling of siblings, but we find no evidence that these investments are offset by later cash transfers.},
	keywords = {Adult children, Consumption and Savings, Education, Public Policy},
	url = {http://www.nber.org/papers/w18485},
	author = {Steven Haider and Kathleen McGarry}
}
@article {7170,
	title = {Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations},
	journal = {Review of Economics and Statistics},
	volume = {89},
	year = {2007},
	pages = {247-264},
	publisher = {89},
	abstract = {Abstract Previous research finds a systematic decrease in consumption at retirement, a finding that is inconsistent with the life cycle/permanent income hypothesis if retirement is an expected event. In this paper, we use workers  subjective beliefs about their retirement dates as an instrument for retirement. After demonstrating that subjective retirement expectations are strong predictors of subsequent retirement decisions, we still find a consumption decline at retirement for workers who retire when expected. However, our estimates of this consumption fall are about a third less than those found when we instead rely on the instrumental variables strategy used in prior studies.},
	keywords = {Consumption and Savings, End of life decisions, Expectations},
	doi = {https://doi.org/10.1162/rest.89.2.247},
	author = {Steven Haider and Melvin Stephens Jr.}
}
@article {5673,
	title = {How Accurate are Expected Retirement Savings?},
	year = {2006},
	institution = {The University of Michigan, Michigan Retirement Research Center},
	abstract = {This paper examines the ability of workers nearing retirement to report their expected retirement savings, where retirement savings refers to funds held in savings, checking, and investment-type accounts.  Responding to such a question is likely to be difficult, even for those who are near retirement, because it requires respondents to assess when they will retire, their likely income stream between the survey date and retirement, and what portfolio choices will be made at retirement.  Based on two nationally representative surveys collected two decades apart, we find that most individuals provide some response to the question, particularly when they are allowed to provide a range.  Moreover, the responses that are given have substantial predictive power for actual retirement savings, even when compared to the savings in the initial wave.  Despite this predictive power, there is evidence that responses do not satisfy the more stringent requirements of the rational expectations hypothesis.},
	keywords = {Consumption and Savings, Expectations},
	url = {http://www.mrrc.isr.umich.edu/publications/papers},
	author = {Steven Haider and Melvin Stephens Jr.}
}
@article {7078,
	title = {Life-Cycle Variation in the Association between Current and Lifetime Earnings},
	journal = {American Economic Review},
	volume = {96},
	year = {2006},
	pages = {1308},
	publisher = {96},
	abstract = {Researchers in a variety of important economic literatures have assumed that current income variables as proxies for lifetime income variables follow the textbook errors-in-variables model. In our analysis of Social Security records containing nearly career-long earnings histories for the Health and Retirement Study sample, we find that the relationship between current and lifetime earnings departs substantially from the textbook model in ways that vary systematically over the life cycle. Our results can enable more appropriate analysis of, and correction for, errors-in-variables bias in any research that uses current earnings to proxy for lifetime earnings.},
	keywords = {Employment and Labor Force, Other},
	url = {http://www.nber.org/papers/w11943.pdf},
	author = {Steven Haider and Solon, Gary}
}
@article {5598,
	title = {Increases in Wealth Among the Elderly in the Early 1990s: How Much is Due to Survey Design?},
	number = {10862},
	year = {2004},
	institution = {The National Bureau of Economic Research},
	address = {Cambridge, MA},
	abstract = {The Asset and Health Dynamics Among the Oldest Old (AHEAD) study shows a large increase in reported total wealth between 1993 and 1995. Such an increase is not found in other US household surveys around that period. This paper examines one source of this difference. We find that in AHEAD 1993 ownership rates of stocks, CDs, bonds, and checking and saving accounts were underreported, resulting in under-measurement of wealth in 1993, and a substantial increase in wealth from 1993 to 1995. The explanation for the under-reporting is a combination of question sequence and wording in the AHEAD survey instrument.},
	keywords = {Methodology, Net Worth and Assets},
	doi = {10.3386/w10862},
	author = {Susann Rohwedder and Steven Haider and Michael D Hurd}
}
@article {5555,
	title = {Can Unexpected Retirement Explain the Retirement-Consumption Puzzle? Evidence from Subjective Retirement Expectations},
	number = {WP$\#$2003-15},
	year = {2003},
	institution = {Center for Retirement Research at Boston College},
	address = {Boston},
	abstract = {Previous research finds a systematic fall in consumption at retirement, even when these retirements are expected, which implies households do not behave as predicted by the lifecycle/ permanent income hypothesis. However, the worker s expected date of retirement is typically predicted using an instrument - age - that we show to be correlated with unexpected retirements and will therefore lead to biased estimates. In this paper, we use an alternative instrument for expected retirement: workers  own subjective beliefs of their expected retirement dates. We find that subjective retirement expectations provide strong predictive power for subsequent retirements above and beyond the impact of age on retirement probabilities. We still find, however, that consumption falls for workers who retire when expected although the estimated impact is 50 percent smaller when using retirement expectations as an instrument instead of age.},
	keywords = {Consumption and Savings, Expectations, Retirement Planning and Satisfaction},
	url = {https://crr.bc.edu/working-papers/can-unexpected-retirement-explain-the-retirement-consumption-puzzle-evidence-for-subjective-retirement-expectations/},
	author = {Melvin Stephens Jr. and Steven Haider}
}
@article {6854,
	title = {Food Stamps and the Elderly: Why is Participation So Low?},
	journal = {Journal of Human Resources},
	volume = {38},
	year = {2003},
	note = {National Institute on Aging},
	pages = {1080-1111},
	publisher = {38},
	abstract = {Estimates imply that only one-third of elderly persons who are eligible for food stamps actually participate in the program, which is half the rate that exists among younger people. This study investigates potential reasons for the relatively low take-up rate among the elderly. Analyzing new data, we conclude that the low take-up rate is not explained by measurement error and little is explained by various behavioral factors. Despite this much lower take-up rate, elderly who are eligible for assistance but not enrolled in the program do not appear to be especially needy.},
	keywords = {Households, pension eligibility, Public Assistance},
	doi = {10.2307/3558982},
	author = {Steven Haider and Robert F. Schoeni and Jacknowitz, Alison}
}
@article {10963,
	title = {Food Stamps and the Elderly: Why is Participation So Low? },
	number = {03-2},
	year = {2003},
	institution = {National Poverty Center, University of Michigan},
	address = {Ann Arbor, MI},
	abstract = {Estimates imply that only one-third of elderly persons who are eligible for food
stamps actually participate in the program, which is half the rate that exists among
younger people. This study investigates potential reasons for the relatively low take-up
rate among the elderly. Analyzing new data, we conclude that the low take-up rate is not
explained by measurement error and little is explained by various behavioral factors.
Despite this much lower take-up rate, elderly who are eligible for assistance but not
enrolled in the program do not appear to be especially needy. },
	keywords = {Households, pension eligibility, Public Assistance},
	url = {http://www.npc.umich.edu/publications/working_papers/paper2/03-02.pdf},
	author = {Steven Haider and Robert F. Schoeni and Jacknowitz, Alison}
}
@article {5504,
	title = {The Effects of Changing Social Security Administation{\textquoteright}s Early Entitlement Age and the Normal Retirement Age},
	year = {2002},
	note = {RDA 2000-010},
	institution = {Washington, DC, RAND Labor and Population Program; Prepared for the Social Security Administration},
	abstract = {The Old-Age and Survivors Insurance (OASI) program is projected to be unable to meet
its obligations by approximately the year 2041. Many proposals that aim to restore
solvency include provisions to accelerate the already legislated increase of the normal
retirement age (NRA) or to increase it beyond the current target of 67 years; some
proposals also suggest raising the early entitlement age (EEA) beyond 62 years.
This document sheds light on the implications of EEA and/or NRA increases on the
solvency of the OASI and DI programs. It does not discuss private accounts. The report
starts with a characterization of workers who claim benefits at age 62 and a discussion of
retirement planning. We then estimate formal models of retirement and DI application
and simulate the financial consequences of EEA and/or NRA increases and other policy
proposals. We conclude with an assessment of likely responses of employers to changes
in Social Security policy.
Most analyses in this report are based on the Health and Retirement Study (HRS), a
survey of individuals in their 50s and 60s with very extensive information about work,
financial resources including Social security and private pensions, and health. },
	keywords = {Methodology, Retirement Planning and Satisfaction, Test},
	url = {https://www.ssa.gov/policy/docs/contractreports/agereport.pdf},
	author = {Panis, Constantijn and Michael D Hurd and Loughran, David and Julie M Zissimopoulos and Steven Haider and Patricia A St Clair}
}
@article {5450,
	title = {Elderly Labor Supply: Work or Play?},
	year = {2001},
	institution = {Boston College},
	abstract = {As the labor force has begun to retire at earlier ages and the population of the U.S. continues to age, people over the age of 65 that are still working have become a very important part of the economy.  This study creates many questions that will allow the researchers to find out why some people over the age of 65 continue to work.  Those elderly people that work past normal retirement age, somewhat surprisingly, are the ones that are most educated, wealthiest, and healthiest.  At the same time these elder workers receive less compensation than younger workers and less compensation then they had in the past.  Health was found to be the deciding factor in whether or not these elderly people stay in the workforce.},
	keywords = {Employment and Labor Force, Health Conditions and Status, Other, Retirement Planning and Satisfaction},
	author = {Steven Haider and Loughran, David}
}
@article {5428,
	title = {Impact of Displacement on Older Workers},
	year = {2001},
	institution = {Santa Monica, CA, RAND Corp},
	abstract = {We examine the impact of job displacement on older workers. Whereas previous studies focus on the earnings losses associated with displacement, we examine compensation losses more generally. Using the Health and Retirement Study, we measure the impact of a job loss on earnings, pension wealth, and health insurance. When pension and health insurance losses are incorporated to measure the overall impact of a displacement, the estimated total compensation loss increases by nearly 100 percent relative to the standard analysis that only examines earnings losses.},
	keywords = {Employment and Labor Force, Health Conditions and Status, Income, Insurance, Other, Retirement Planning and Satisfaction},
	author = {Steven Haider}
}
@article {5400,
	title = {Nonrandom Selection in the HRS Social Security Earnings Sample.},
	year = {2000},
	institution = {Santa Monica, CA, RAND Corp.},
	abstract = {The Health and Retirement Study (HRS), administered by the Institute for Social Research (ISR) at the University of Michigan, is a longitudinal survey of the population of U.S. households with at least one adult between the ages of 51 and 61 in 1992 (individuals born between 1931 and 1941). Wave 1 of the survey was carried out in 1992 with subsequent waves to be conducted every two years. In Wave 1, the HRS collected data on 12,652 respondents from 7,702 households. In accordance with an agreement with the Social Security Administration, HRS respondents were asked to grant ISR permission to obtain the respondents{\textquoteright} earnings histories as reported to the Social Security Administration. Such data are extremely valuable because they provide unusually accurate administrative earnings histories over an unusually long period, 1951- 1991, and these data can be used in conjunction with the wealth of survey information collected in the HRS itself. Because of the highly confidential nature of the data, the earnings histories are not part of the FIRS public release data sets; rather, the Social Security earnings data are provided only through special permission from the HRS.},
	keywords = {Methodology, Social Security},
	url = {https://www.rand.org/pubs/drafts/DRU2254.html},
	author = {Steven Haider and Solon, Gary}
}
@article {5427,
	title = {Patterns of Dissaving in Retirement},
	number = {2000-10},
	year = {2000},
	institution = { AARP Public Policy Institute},
	address = {Washington, D.C.},
	abstract = {Abstract:  Examined patterns of dissaving among households with at least one older adult. Data were obtained from the Social Security Administration{\textquoteright}s New Beneficiary Data System (NBDS) on older adults (mainly those aged 62-65) who received Social Security benefits for the first time in 1980-1981 and who were interviewed in 1982 and 1991. Data were also obtained from the 1993 and 1995 waves of the National Institute on Aging{\textquoteright}s Asset and Health Dynamics Among the Oldest Old (AHEAD) survey of adults aged 70 and older. Multivariate analyses indicated that changes in wealth were fairly flat in the 1980s (based on NBDS data), with mean wealth growing just under one percent per year for the 9 years of the sample period, while median wealth declined by about one-quarter of a percentage point per year. The AHEAD data from the 1990s suggest that most adults aged 70 and older enjoyed wealth increases, which in large part were due to the dramatic rise in stock prices over the 2 years of the survey period. Overall, there was increasing wealth inequality, with less well off households dissaving more rapidly than better off households. Households in which health declined between the waves studied were more likely to dissave. Savings patterns of households with and without children were fairly similar. Two appendixes provide information on the study methodology and additional data tables},
	keywords = {Consumption and Savings, Net Worth and Assets, Retirement Planning and Satisfaction},
	url = {https://assets.aarp.org/rgcenter/econ/2000_10_dissaving.pdf},
	author = {Steven Haider and Michael D Hurd and Reardon, Elaine and Williamson, Stephanie}
}
