How Do State Retirement Savings Policies Affect Labor Supply?
Tuesday, May 14, 2024
1:00–2:00 p.m. ET
A new May 2024 Georgetown Center for Retirement Initiatives (CRI) working paper examines the labor market impacts of state-facilitated automatic-enrollment IRA (Auto-IRA) programs and evaluates the effects of retirement savings policies on labor supply and wages. By examining the implementation of Auto-IRA programs in three states (California, Illinois, and Oregon), the study identifies that these programs significantly increased private sector employment between 1.8% and 2.3%. Results also indicate a potential increase of between 2.0% and 4.0% in wages after the introduction of these Auto-IRA programs.
Join the Georgetown CRI for a one-hour webinar to learn more about this new study from two of the paper’s authors and hear from the leaders of these trailblazing retirement savings programs about the ways their programs are being used by employers and savers in their states.
Moderator:
- Angela Antonelli, Research Professor and Executive Director, Center for Retirement Initiatives, Georgetown University’s McCourt School of Public Policy
Panelists:
- Adam Bloomfield, Ph.D., Non-Resident Scholar, Georgetown University Center for Retirement Initiatives
- Christine Cheng, Executive Director, Illinois Secure Choice Retirement Savings Program
- Manita Rao, Ph.D., Senior Strategic Policy Advisor, AARP Public Policy Institute
- David Teykaerts, Executive Director, CalSavers