Mark J. Warshawsky

Towers Watson

Director of Retirement Research

Arlington, VA

United States

Mercatus Center at George Mason University

3434 Washington Blvd., 4th Floor

Arlington, VA 22201

United States

SCHOLARLY PAPERS

34

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72

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236

Scholarly Papers (34)

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1.

Comparing Strategies for Retirement Wealth Management: Mutual Funds and Annuities

Journal of Financial Planning,Vol. 22, No. 8, pp. 36-47, August 2009
Number of pages: 19 Posted: 27 Oct 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 1,164 (25,152)

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Mutual Fund, Annuity, Guaranteed Minimum Withdrawal Benefit (GMWB), Asset Allocation, Defined Contribution Plan

2.

The Retirement Decision: Current Influences on the Timing of Retirement among Older Workers

PENSION FUND RISK MANAGEMENT: FINANCIAL AND ACTUARIAL MODELING, Ch. 13, M. Micocci, G. Gregoriou, G. Masala, Chapman and Hall, January 2010
Number of pages: 34 Posted: 20 Dec 2007 Last Revised: 29 Sep 2009
Gaobo Pang, Mark J. Warshawsky and Ben Weitzer
affiliation not provided to SSRN, Towers Watson and Willis Towers Watson
Downloads 467 (84,909)

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Retirement, Social Security, Defined Benefit and Defined Contribution Plans, Health Insurance, Business Cycle

3.

Optimizing the Equity-Bond-Annuity Portfolio in Retirement: The Impact of Uncertain Health Expenses

Insurance: Mathematics and Economics, 2009
Number of pages: 38 Posted: 20 Dec 2007 Last Revised: 28 Sep 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 418 (96,622)
Citation 11

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annuity, asset allocation, health expense, precautionary savings, Social Security, pension, lifecycle

4.

Comparing Costs and Risks of Retirement Plans for Sponsors

Downloads 417 ( 96,874)

Comparing Costs and Risks of Retirement Plans for Sponsors

Number of pages: 24 Posted: 18 Jun 2010 Last Revised: 22 Sep 2012
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 416 (96,323)

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defined benefit, defined contribution, pension equity, cash balance

Comparing Costs and Risks of Retirement Plans for Sponsors

Risk Management and Insurance Review, Vol. 16, Issue 2, pp. 195-217, 2013
Number of pages: 23 Posted: 16 Nov 2013
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 1 (896,974)

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5.

Asset Allocations and Risk-Return Tradeoffs of Target-Date Funds

Number of pages: 17 Posted: 12 Jul 2009 Last Revised: 18 Oct 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 305 (136,870)
Citation 4

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target-date fund, asset allocation, retirement accounts

6.

Does Freezing a Defined-Benefit Pension Plan Increase Company Value? Empirical Evidence

Financial Analysts Journal, Vol. 65, No.4, pp. 47-59, July/August 2009
Number of pages: 19 Posted: 22 Jan 2009 Last Revised: 29 Sep 2009
Clifton B. McFarland, Gaobo Pang and Mark J. Warshawsky
Willis Towers Watson, affiliation not provided to SSRN and Towers Watson
Downloads 300 (139,285)
Citation 1

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Firm Value, Defined Benefit Pensions, Pension Freeze, Event Study

7.

Calculating Savings Rates in Working Years Needed to Maintain Living Standards in Retirement

Benefits Quarterly, Vol. 25, No. 3, pp. 31-42, 2009
Number of pages: 16 Posted: 18 Dec 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 297 (140,711)
Citation 1

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Defined Contribution (DC), Defined Benefit (DB), Savings and Replacement Rates, Living Standard

8.

Default Investment Options in Defined Contribution Plans: A Quantitative Comparison

Pensions: an International Journal, Vol. 13, No. 4, pp. 221-226, October 2008
Number of pages: 12 Posted: 14 Apr 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 231 (180,760)

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Balanced and Lifecycle Funds, Qualified Default Investment Alternatives (QDIAs), Defined Contribution Plans, Pension Protection Act

9.

Erisa after 25 Years: A Framework for Evaluation Pension Reform

Number of pages: 9 Posted: 18 Sep 2001
William G. Gale, John B. Shoven and Mark J. Warshawsky
Brookings Institution, Stanford University - Department of Economics and Towers Watson
Downloads 226 (184,504)

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10.

Retirement Savings Adequacy of U.S. Workers

Number of pages: 13 Posted: 11 May 2013
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 224 (185,995)
Citation 12

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11.

Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts

NBER Working Paper No. w7268
Number of pages: 47 Posted: 20 Mar 2000 Last Revised: 13 May 2022
Jeffrey R. Brown, Olivia S. Mitchell, James M. Poterba, James M. Poterba and Mark J. Warshawsky
University of Illinois at Urbana-Champaign - Department of Finance, University of Pennsylvania - The Wharton School, National Bureau of Economic Research (NBER)Massachusetts Institute of Technology (MIT) - Department of Economics and Towers Watson
Downloads 161 (249,272)

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12.

Good Strategies for Wealth Distribution in Retirement

Number of pages: 13 Posted: 10 Jun 2010
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 148 (267,091)
Citation 1

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Mutual Fund, Annuity, Asset Allocation, Defined Contribution Plan, Retirement Income

13.

New Evidence on the Money&Apos;S Worth of Individual Annuities

NBER Working Paper No. w6002
Number of pages: 47 Posted: 20 Jul 2000 Last Revised: 27 Nov 2021
Olivia S. Mitchell, James M. Poterba, James M. Poterba and Mark J. Warshawsky
University of Pennsylvania - The Wharton School, National Bureau of Economic Research (NBER)Massachusetts Institute of Technology (MIT) - Department of Economics and Towers Watson
Downloads 128 (298,729)
Citation 70

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14.

Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues

NBER Working Paper No. w8064
Number of pages: 57 Posted: 05 Jan 2001 Last Revised: 14 Jan 2022
Jeffrey R. Brown and Mark J. Warshawsky
University of Illinois at Urbana-Champaign - Department of Finance and Towers Watson
Downloads 117 (318,850)
Citation 1

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15.

Comparing the Economic and Conventional Approaches to Financial Planning

NBER Working Paper No. w7321
Number of pages: 72 Posted: 30 Mar 2000 Last Revised: 13 Oct 2010
Jagadeesh Gokhale, Laurence J. Kotlikoff and Mark J. Warshawsky
Cato Institute, Boston University - Department of Economics and Towers Watson
Downloads 102 (350,156)
Citation 1

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16.

Can the Rapid Growth in the Cost of Employer-Provided Health Benefits Explain the Observed Increase in Earnings Inequality?

Number of pages: 25 Posted: 24 Sep 2011 Last Revised: 10 Oct 2011
Mark J. Warshawsky
Towers Watson
Downloads 100 (354,761)
Citation 1

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Earnings inequality, health insurance, Social Security, employee benefits, compensation

17.

Regulating Single Employer Defined Benefit Pension Plans: A Modern Approach

Pension Research Council WP2005-12
Number of pages: 30 Posted: 02 Nov 2005
Mark J. Warshawsky
Towers Watson
Downloads 99 (357,051)

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18.

Retire on the House: The Possible Use of Reverse Mortgages to Enhance Retirement Security

Mercatus Working Paper, https://doi.org/10.3905/jor.2018.5.3.010
Number of pages: 64 Posted: 21 May 2019 Last Revised: 26 May 2020
Mark J. Warshawsky
Towers Watson
Downloads 94 (368,904)
Citation 4

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reverse mortgage, home equity conversion mortgage, HECM, retirement, mortgage, retirement funding gap, credit, housing, annuity income, savings

19.

Reform of the Tax on Reversions of Excess Pension Assets

Journal of Pension Economics and Finance, Vol. 8, No. 1, pp. 107-130, January 2009
Number of pages: 42 Posted: 27 Jun 2007 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 93 (371,496)

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excess asset reversion, excise tax, defined benefit pensions, Pension Protection Act

20.

The Cost of Annuities: Implications for Saving Behavior and Bequests

NBER Working Paper No. w1682
Number of pages: 35 Posted: 06 Jul 2004 Last Revised: 06 Feb 2022
Benjamin M. Friedman and Mark J. Warshawsky
Harvard University - Department of Economics and Towers Watson
Downloads 81 (403,673)
Citation 11

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21.

Implications of Some Deficit Reduction Proposals for Retirement Savings

Number of pages: 11 Posted: 11 Jul 2011 Last Revised: 26 Aug 2011
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 77 (415,612)

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defined contribution (DC), health reform, Social Security, Medicare, retirement

22.

The Costs of Annuitizing Retirement Payouts from Individual Accounts

NBER Working Paper No. w6918
Number of pages: 37 Posted: 12 Mar 1999 Last Revised: 28 Nov 2021
James M. Poterba, James M. Poterba and Mark J. Warshawsky
National Bureau of Economic Research (NBER)Massachusetts Institute of Technology (MIT) - Department of Economics and Towers Watson
Downloads 72 (431,212)

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23.

The Employer’s Decision to Provide Health Insurance under the Health Reform Law

Number of pages: 15 Posted: 08 Jul 2011 Last Revised: 21 Sep 2012
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 57 (484,873)
Citation 1

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Defined Contribution (DC), Health Reform, Savings and Replacement Rates, Living Standard, Retirement

24.

Annuity Prices and Saving Behavior in the United States

NBER Working Paper No. w1683
Number of pages: 45 Posted: 15 Mar 2004 Last Revised: 07 Feb 2021
Benjamin M. Friedman and Mark J. Warshawsky
Harvard University - Department of Economics and Towers Watson
Downloads 48 (522,519)

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25.

Life-Cycle Saving, Limits on Contributions to Dc Pension Plans, and Lifetime Tax Benefits

NBER Working Paper No. w8170
Number of pages: 46 Posted: 16 Mar 2001 Last Revised: 30 Apr 2022
Jagadeesh Gokhale, Laurence J. Kotlikoff and Mark J. Warshawsky
Cato Institute, Boston University - Department of Economics and Towers Watson
Downloads 46 (531,523)

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26.

Life Insurance Savings and the After-Tax Life Insurance Rate of Return

NBER Working Paper No. w1040
Number of pages: 47 Posted: 09 Jun 2004 Last Revised: 07 May 2022
Mark J. Warshawsky
Towers Watson
Downloads 43 (545,746)

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27.

Implications of Proposed Tax Increases for Retirement Savings

Tax Notes, Vol. 125, No. 12, pp. 1349-1352, December 2009
Number of pages: 4 Posted: 09 Jan 2010 Last Revised: 24 Jan 2010
Gaobo Pang and Mark J. Warshawsky
affiliation not provided to SSRN and Towers Watson
Downloads 39 (565,701)

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tax, retirement savings, replacement rate, living standard

28.

Specification of the Joy of Giving: Insights from Altruism

NBER Working Paper No. w2154
Number of pages: 23 Posted: 21 Mar 2007 Last Revised: 23 May 2021
Andrew B. Abel and Mark J. Warshawsky
University of Pennsylvania - Finance Department and Towers Watson
Downloads 28 (628,544)

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29.

The Life Care Annuity: A New Empirical Examination of an Insurance Innovation that Addresses Problems in the Markets for Life Annuities and Long‐Term Care Insurance

Journal of Risk and Insurance, Vol. 80, Issue 3, pp. 677-704, 2013
Number of pages: 28 Posted: 30 Aug 2013
Jason Brown and Mark J. Warshawsky
Government of the United States of America - Department of the Treasury and Towers Watson
Downloads 0 (876,428)
Citation 10

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30.

Does Freezing a Defined-Benefit Pension Plan Increase Company Value? Empirical Evidence

Financial Analysts Journal, Vol. 65, No. 4, 2009
Posted: 23 Sep 2009
Brendan McFarland, Gaobo Pang and Mark J. Warshawsky
Willis Towers Watson, affiliation not provided to SSRN and Towers Watson

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Equity Investments, Research Sources, Corporate Finance, Long- and Short-Term Financing Decisions, Risk Measurement and Management, Firm/Enterprise Risk, Business Strategy, Long-Term Strategic Planning

31.

A Comparative Analysis of Limits on Qualified Retirement Plans

Tax Notes, Vol. 115, No. 3, April 16, 2007
Posted: 13 Apr 2007
Ben Weitzer and Mark J. Warshawsky
Willis Towers Watson and Towers Watson

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32.

The Market for Individual Life Annuities and the Reform of Social Security: An Update and Further Analysis

TIAA-CREF Working Paper
Posted: 28 Nov 2001
Mark J. Warshawsky
Towers Watson

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33.

Making Retirement Income Last a Lifetime

Downloads 0 (876,428)

Making Retirement Income Last a Lifetime

Journal of Financial Planning, December 2001
Posted: 03 Jan 2002
John Ameriks, Robert Veres and Mark J. Warshawsky
The Vanguard Group, Inc., Inside Information and Towers Watson

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Making Retirement Income Last a Lifetime

TIAA-CREF Working Paper
Posted: 28 Nov 2001
John Ameriks, Robert Veres and Mark J. Warshawsky
The Vanguard Group, Inc., Inside Information and Towers Watson

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34.

Further Reform of Minimum Distribution Requirements for Retirement Plans

Posted: 04 Apr 2001
Mark J. Warshawsky
Towers Watson

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