Entries Tagged 'Recession' ↓

On Tuesday, May 11, 2010, the Savings and Retirement Forum will be held at the Heritage Foundation 214 Massachusetts Ave NE Washington DC 20002 [Directions to Heritage], at 8:30am. Vice President and Community Education Administrator Ammar Askari, Ph.D., with M&I Marshall & Ilsley Bank will present his paper “Banking the Underbanked: A Case Study.” If [...]

Summary and Introduction: The Social Security benefit formula has incorporated some measure of progressivity almost since the program’s inception. As early as 1939, amendments to the original Social Security Act stipulated that monthly benefits replace a higher proportion of preretirement earnings for people with lower earnings compared with those with higher earnings (Martin and Weaver [...]

The overlay of the dramatic decline in asset values of the last few months on the incipient tougher funding requirements of the Pension Protection Act of 2006 (PPA) has prompted widespread concern about the magnitude of the required contributions to single-employer defined benefit (DB) plans in 2009 and 2010. In this analysis, Watson Wyatt estimates [...]

Financial markets have experienced substantial stress for over a year. The turmoil emanated from the bursting of the housing bubble, which led to substantial losses on mortgage loans and mortgage-related securities. In part because the mortgage-related securities are complex and in part because future rates of defaults on the individual mortgages underlying those securities are [...]

Introduction to Paper: With the economy sliding ever deeper into recession, questions arise about how older workers are faring and how their fate relative to younger workers compares to the past.  The answer to these questions turns out to be a little complicated.  Two forces are at work.  On the one hand, labor force participation [...]