Discussion und Working Papers

  1. Discussion and Working Paper // 2025

    Fee-ling Stuck? Provider Choice in a Mandatory Defined Contribution Pension System

    Fees play a critical role in shaping the pension benefits provided by defined contribution (DC) pension funds. Even small differences in fees, when compounded over a long contribution period, can lead to…

  2. Discussion and Working Paper // 2025

    To Release or Not to Release? Preferences for Home Equity Products in Retirement

    How do retirees choose among home equity release products? Despite housing wealth being households’ largest asset, little is known about preferences for different equity release products. We conduct a survey…

  3. Discussion and Working Paper // 2025

    Creative Financing and Public Moral Hazard: Evidence from Medicaid and the Nursing Home Industry

    This paper studies the misallocation of Medicaid funds, its consequences for reimbursement rates, the quantity, and the quality of care provided. Combining two decades of administrative, audit, and survey data…