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Full-Text Articles in Public Policy
Hybrid Organizations And The Alignment Of Interests: The Case Of Fannie Mae And Freddie Mac, Jonathan G.S. Koppell
Hybrid Organizations And The Alignment Of Interests: The Case Of Fannie Mae And Freddie Mac, Jonathan G.S. Koppell
Publications from President Jonathan G.S. Koppell
This article explores the political influence of government-sponsored enterprises (GSEs). Using Congress's overhaul of the regulatory infrastructure for Fannie Mae and Freddie Mac as a case study, the article presents two principal findings: (1) The characteristics that distinguish government-sponsored enterprises from traditional government agencies and private companies endow Fannie Mae and Freddie Mac with unique political resources; and (2) the alignment of interest groups around Fannie Mae and Freddie Mac is subject to strategic manipulation by the GSEs. A triangular model of this alignment is proposed and employed to analyze the legislative outcome. The case has implications for students of …
Have 401(K)S Raised Household Savings? Evidence From The Health And Retirement Study, Gary V. Engelhart
Have 401(K)S Raised Household Savings? Evidence From The Health And Retirement Study, Gary V. Engelhart
Center for Policy Research
The most popular tax subsidy to household saving in the United States is the 401(k)-type pension arrangement, which subsidizes saving through income-tax deferral on wages and salary dedicated to retirement saving and through investment accrual at the pre-tax interest rate. Although enabled by legislation in 1978, 401(k) plans effectively were not adopted until the Internal Revenue Service issued clarifying rules in 1981. Since then, they have grown remarkably and become the primary vehicle for retirement saving. In 1996, 33 percent of all private pension assets, 33 percent of all pension plans, and 45 percent of all active pension participants were …
Pre-Retirement Lump-Sum Pension Distributions And Retirement Income Security: Evidence From The Health And Retirement Study, Gary V. Engelhart
Pre-Retirement Lump-Sum Pension Distributions And Retirement Income Security: Evidence From The Health And Retirement Study, Gary V. Engelhart
Center for Policy Research
This paper uses data from the 1992 and 1998 Waves of the Health and Retirement Study (HRS) to examine the extent of retirement wealth erosion from pre-retirement lump-sum distributions. There is little evidence that spent distributions have resulted in significant pension leakage. If spent distributions had been rolled over into a tax-qualified plan instead, they would have represented in present value between 5 and 11 percent of pension and Social Security wealth for the median household that spent a distribution. However, one-quarter of the households that spent distributions—which is 2.25 percent of all households age 51 to 61—could have increased …
The Role Of Microsimulation In Longitudinal Data Analysis, Douglas A. Wolf
The Role Of Microsimulation In Longitudinal Data Analysis, Douglas A. Wolf
Center for Policy Research
The term “microsimulation” has been linked to a range of tools and techniques that are finding growing use in empirical social science applications. This paper considers one such area, namely the potential for microsimulation to serve the needs of the data analyst, in contrast to the more common use of microsimulation by the model user. Furthermore, the focus is on longitudinal rather than cross-sectional data analysis. The paper identifies several types of longitudinal data modeling approaches in which microsimulation is particularly relevant, suggesting algorithms with which to conduct such microsimulations. Microsimulation can be used to extend the range of inferences …
Connecticut River Economic Adjustment Project, Umass Amherst Center Economic Development
Connecticut River Economic Adjustment Project, Umass Amherst Center Economic Development
Center for Economic Development Technical Reports
The purpose of this study was to inventory various environmental and economic criteria for the region. In the second phase the data was analyzed for implications for development potential. In phase three the Net Available Land Analysis methodology will be allied on the town level to two towns that meet one or more of the three Economic Development Administration criteria. The region chosen was Enfield, Connecticut and Holyoke, Massachusetts.
Comprehensive Economic Development Strategy For Berkshire County, Massachusetts, Umass Amherst Center Economic Development
Comprehensive Economic Development Strategy For Berkshire County, Massachusetts, Umass Amherst Center Economic Development
Center for Economic Development Technical Reports
The purpose of this report was to establish the goals and objectives that would guide the Comprehensive Economic Development Strategy (CEDS) of Berkshire County, Massachusetts. These goals and objects were the result of deliberations of the countywide CEDs Coordinating Committee.