Curriculum Vitae
NADIA KARAMCHEVA
Principal Analyst/Economist Office: +1(202) 226 5667
Congressional Budget Office Email: nadia.karamcheva@cbo.gov
2nd and D St SW http://www.karamcheva.com
Washington DC, 20515
Current Employment
Congressional Budget Office, Labor, Income Security, and Long-Term Analysis Division
· Principal Analyst/Economist, 2015 to present
Johns Hopkins University
· Adjunct Faculty, Master of Science in Applied Economics Program, 2014 to present
Education
Ph.D. Economics, Boston College, Chestnut Hill, MA
Dissertation: Essays on Private Pensions and Workers’ Savings Behavior
Committee Members: Peter Gottschalk, Shannon Seitz, and Alicia Munnell
M.A. Economics, Boston College, Chestnut Hill, MA
B.A. Economics and Business Administration, Minor in Mathematics, Honors in Economics, Magna cum Laude, American University in Bulgaria, Blagoevgrad, Bulgaria,
Fields of Interest
Labor Economics, Applied Econometrics, Retirement and Aging
Affiliations
National Academy of Social Insurance, Member
Center for Retirement Research, Boston College, Research Affiliate
IZA - Institute for the Study of Labor, Bonn, Germany, Research Fellow
Other Professional Experience
Research
The Urban Institute, Income and Benefits Policy Center
· Research Associate I/Economist, 2010 to 2015
Center for Retirement Research, Boston College
· Graduate Research Assistant, 2005 - 2010
Department of Economics, Boston College
· Research Assistant, Prof. Shannon Seitz, Summer 2006
· Research Assistant, Prof. Christopher Baum, Fall 2004
Bulgarian National Bank
· Intern, Division of Economic Analysis, Summer 2004
Teaching
Johns Hopkins University, Masters of Applied Economics
· Instructor, “Microeconometrics”, Fall 2014 to present
Boston College, Department of Economics
· Instructor, “Principles of Microeconomics”, Fall 2007
· Teaching Assistant to Richard Tresch, “Principles of Macroeconomics”, Spring 2007 & 2008
· Instructor, “Math Review Session for new Economics PhD students”, August 2006, 2007
· Teaching Assistant, “Graduate Microeconomic Theory I”, Fall 2006
· Teaching Assistant, “Graduate Microeconomic Theory I and II”, 2005/2006
· Teaching Assistant to Christopher Baum, “Econometric Methods”, Spring 2005
American University in Bulgaria
· Teaching Assistant, “Business Statistics”, 2001-2004
Publications
Journal Articles and Book Chapters
Falk, Justin and Nadia S. Karamcheva. 2022. “The Impact of an Employer Match and Automatic Enrollment on the Savings Behavior of Public-Sector Workers,” Journal of Pension Economics and Finance, First View, 1-31, https://doi.org/10.1017/S1474747221000366.
Butrica, Barbara A. and Nadia S. Karamcheva. 2020. “Is Rising Household Debt Affecting Retirement Decisions?” In: Mitchell, O., and A. Lusardi (eds.), Remaking Retirement: Debt in An Aging Economy. Oxford, UK: Oxford University Press. Chapter 8.
Butrica, Barbara A. and Nadia S. Karamcheva. 2018. “Automatic Enrollment and Its Relation to the Incidence and Distribution of DC Plan Contributions: Evidence from a National Survey of Older Workers”, Journal of Consumer Affairs, First published online: 29 July 2018, (earlier version: Center for Retirement Research at Boston College, WP#2015-14)
Butrica, Barbara A. and Nadia S. Karamcheva. 2018. “In Debt and Approaching Retirement: Claim Social Security or Work Longer?” AEA Papers and Proceedings, 108:401-406.
Johnson, Richard and Nadia. S. Karamcheva. 2017. “What Explains the Educational Differences in the Propensity to Work Among Older Adults?” Journal of Organizational Psychology, 17(6): 91-119.
Butrica, Barbara A. and Nadia S. Karamcheva. 2015. “Automatic Enrollment, Employer Match Rates and Employee Compensation in 401(k) Plans”, Monthly Labor Review, May (2015).
Karamcheva, Nadia S. and Geoffrey Sanzenbacher. 2014. “Bridging the Gap in Pension Participation: How Much Can Universal Tax-Deferred Pension Coverage Hope to Achieve?”, Journal of Pension Economics and Finance, 13(4): 439-459
Karamcheva, Nadia S. 2014. “Economics Policies on Social Security and the Elderly” In: Payson, Steven (ed.). Public Economics in the United States: How the Federal Government Analyzes and Influences the Economy. ABC-Clio Publishing. Chapter 8: 189-211.
Wu, April Yanyan, Nadia Karamcheva, Alicia Munnell and Patrick Purcell. 2013. “How Do Trends in Women's Labor Force Activity and Marriage Patterns Affect Social Security Replacement Rates?” Social Security Bulletin, 73(4).
Munnell, Alicia H., Alex Golub-Sass and Nadia S. Karamcheva. 2013. “Unusual Social Security Claiming Strategies: Claim and Suspend, and Claim Now, Claim More Later”, Journal of Financial Planning, 26(8): 40-47.
Working Papers
Karamcheva, Nadia and Victoria Perez-Zetune. 2023. “Defined Benefit and Defined Contribution Plans and the Distribution of Family Wealth,” Congressional Budget Office Working Paper #2023-02.
Karamcheva, Nadia, Jeffrey Perry, and Constantine Yannelis. 2020. “Income-Driven Repayment Plans for Student Loans,” Congressional Budget Office Working Paper #2019-06.
Falk, Justin and Nadia S. Karamcheva. 2019. “The Effect of the Employer Match and Defaults on Federal Workers' Savings Behavior in the Thrift Savings Plan,” Congressional Budget Office Working Paper #2019-06
Butrica, Barbara and Nadia S. Karamcheva. 2019. “Is Rising Household Debt Affecting Retirement Decisions?” Pension Research Council Working Paper #2019-14
Falk, Justin and Nadia S. Karamcheva. 2018. “Comparing the Effects of Current Pay and Defined Benefit Pensions on Employee Retention”, Congressional Budget Office Working Paper #2018-06.
Johnson, Richard and Nadia. S. Karamcheva. 2016. “What Determines Gradual Retirement?: Differences in the Path to Retirement Between Low- and High- Educated Older Workers,” Working Paper (unpublished manuscript).
Karamcheva, Nadia S., Alicia Munnell and April Yanyuan Wu. 2015. “Does Social Security Continue to Favor Couples?”, Center for Retirement Research at Boston College WP#2015-11, (revise and resubmit for National Tax Journal)
Butrica, Barbara and Nadia S. Karamcheva. 2014. “The Impact of Informal Caregiving on Older Adults’ Labor Supply and Economic Resources”, Department Of Labor Policy Report.
Butrica, Barbara and Nadia S. Karamcheva. 2013. “Does Household Debt Influence the Labor Supply and Benefit Claiming Decisions of Older Americans?”, Center for Retirement Research at Boston College WP#2013-22.
Butrica, Barbara and Nadia S. Karamcheva. 2012. “The Changing Causes and Consequences of Not Working before Age 62”, Working Papers, Center for Retirement Research at Boston College, WP#2012-3
Karamcheva, Nadia S. 2010. “Private Pensions and Wealth Accumulation in a Dynamic Model of Job Search and Savings”. Boston College (Dissertation).
Munnell, Alicia H., Steven A. Sass, Alex Golub-Sass and Nadia Karamcheva. 2009. “Unusual Social Security Claiming Strategies: Costs and Distributional Effects”, Working Papers, Center for Retirement Research, WP#2009-17
Policy Papers
Karamcheva, Nadia. 2022. “Trends in the Distribution of Family Wealth, 1989 to 2019”, Congressional Budget Office, https://www.cbo.gov/publication/57598
Karamcheva, Nadia, Jeffrey Perry, and Constantine Yannelis. 2020. “Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options”, Congressional Budget Office Report, https://www.cbo.gov/publication/55968
Berne, Jordan, David Burk, and Nadia Karamcheva. 2019. “Employment of People Ages 55 to 79”, Congressional Budget Office, https://www.cbo.gov/publication/55454
Falk, Justin and Nadia S. Karamcheva. 2017. “Options for Changing the Retirement System for Federal Civilian Workers”, Congressional Budget Office, https://www.cbo.gov/publication/53003
Karamcheva, Nadia. 2016. “Trends in Family Wealth, 1989 to 2013”, Congressional Budget Office, https://www.cbo.gov/publication/51846
Favreault, Melissa M. and Nadia S. Karamcheva. 2011. “How Would the President’s Fiscal Commission’s Social Security Proposals Affect Future Beneficiaries?” Washington, DC: The Urban Institute.
Research Briefs
Butrica, Barbara A. and Nadia S. Karamcheva. 2013. “How Does the 401(k) Auto-enrollment Relate to the Employer Match and Total Compensation?” Issues in Brief, Center for Retirement Research #13-14.
Wu, April Yanyuan, Nadia S. Karamcheva, Alicia H. Munnell and Patrick Purcell. 2013. "How Does Women Working Affect Social Security Replacement Rates?" Issues in Brief, Center for Retirement Research #13-10
Karamcheva, Nadia. 2013. “Is Household Debt Growing for Older Americans?” Program on Retirement Policy, Issue in Brief #33.
Karamcheva, Nadia and Geoffrey Sanzenbacher, 2010. “Pension Participation and Uncovered Workers” Issues in Brief, Center for Retirement Research, IB#10-13.
Karamcheva, Nadia and Geoffrey Sanzenbacher, 2010. “Is Pension Inequality Growing?” Issues in Brief, Center for Retirement Research, IB#10-1.
Munnell, Alicia H., Alex Golub-Sass and Nadia Karamcheva. 2009. “Strange But True: Claim and Suspend”, Issues in Brief, Center for Retirement Research, IB#9-11.
Munnell, Alicia H., Alex Golub-Sass and Nadia Karamcheva. 2009. “Strange But True: Claim Social Security Now, Claim More Later” Issues in Brief, Center for Retirement Research,IB#9-9.
Munnell, Alicia H., Alex Golub-Sass and Nadia Karamcheva. 2009. “Strange but True: Free Loan from Social Security”, Issues in Brief, Center for Retirement Research, IB#9-6.
Karamcheva, Nadia and Alicia H. Munnell, 2007. "Why Are Widows So Poor?” Issues in Brief, Center for Retirement Research, IB#7-9.
Awards, Honors, and Scholarships
The Robert Corrin Prize for Outstanding Research on Issues Related to Savings and Retirement Issues, Savings and Retirement Foundation 2022
H. Michael Mann Summer Fellowship Award, Boston College, 2008
Center for Retirement Research Dissertation Fellowship, Boston College, 2007-2008
Greeley Summer Dissertation Fellowship, Boston College, 2007
Tuition Remission Scholarship, Stipend and Fellowship, Boston College, 2004 - 2009
Global Supplementary Grant, Open Society Institute, 2004
Starr Foundation Grant, American University in Bulgaria, 2001-2004
Academic Excellence Scholarship, American University in Bulgaria, 2001-2004
Academic Excellence Scholarship, Sofia University, 2000
Conference Presentations
Savings and Retirement Foundation Lunch Forum, Washington, DC, January 2023
APPAM Fall Research Conference, Washington DC, November 2023
APPAM Fall Research Conference, Austin TX, March 2022
Savings and Retirement Foundation Lunch Forum, Washington, DC, June 2021
National Tax Association Annual Conference, Virtual, November 2020
Savings and Retirement Foundation Lunch Forum, Washington, DC, February 2020
American Economic Association Annual Meeting, San Diego, CA, January 2020
Pension Research Council Symposium, Philadelphia, PA, May 2019
National Tax Association Annual Conference, New Orleans, LA, November 2018
American Economic Association Annual Meeting, Philadelphia, PA, January 2018
National Tax Association Annual Conference, Philadelphia, PA, November 2017
Savings and Retirement Foundation Lunch Forum, Washington, DC, January 2017
Allied Social Sciences Association, SGE Session, Chicago, IL, January 2017
National Tax Association Annual Conference, Baltimore, MD, November 2016
Society of Government Economists Luncheon, Washington, DC, March 17, 2016
Allied Social Sciences Association, SGE Session, San Francisco, CA, January 2016
National Tax Association Annual Conference, Boston, MA, November 2015
APPAM Fall Research Conference, Miami, FL, November 2015
Allied Social Sciences Association, SGE Session, Boston, MA, January 2015
Southern Economic Association, Atlanta, Georgia, November 2014
16th Retirement Research Consortium Conference, Washington DC, August 2014
Netspar International Pension Workshop, Italy, Venice, June 2014.
Society of Government Economists Annual Meeting, Washington DC, November 2013
15th Retirement Research Consortium Conference, Washington DC, August 2013
Netspar International Pension Workshop, Frankfurt, Germany, June 2013
Netspar International Pension Workshop, Amsterdam, The Netherlands, January 2013
APPAM Fall Research Conference, Washington DC, November 2012
Society of Government Economists Annual Meeting, Washington DC, November 2012
Population Association of America, Annual Meeting, San Francisco, May 2012
APPAM Fall Research Conference, Washington DC, November 2011
13th Retirement Research Consortium Conference, Washington DC, August 2011
16th Annual Meeting of the Society of Labor Economists, Vancouver, Canada, April 2011
Econometric Society World Congress, Shanghai, China, August 2010
Netspar International Pension Workshop, Zurich, Switzerland, June 2010
Econometrics and Applied Microeconomics Seminar, Boston College, December 2009
Green Line Macroeconomics Meeting, Boston College and Boston University, October 2009
Institute on Computational Economics, University of Chicago, August 2009
11th IZA European Summer School in Labor Economics, May 2008
Dissertation Workshop, Boston College, Spring 2007, 2008, Fall 2007, 2008, 2009
Invited Discussant
Center for Financial Security, University of Wisconsin-Madison, Webinar, September 2019
National Tax Association Annual Conference, New Orleans, LA, November 2018
19th Retirement Research Consortium Conference, Washington, DC, August 2017
American Economic Association, SGE session, Chicago, January 2012
Southern Economic Association, SGE session, Washington DC, November 2011
Netspar International Pension Workshop, Amsterdam, The Netherlands, January 2011
Co-author Presentations of Co-authored Papers
National Tax Association Annual Conference, New Orleans, LA, November 2018
APPAM Fall Research Conference, Washington, DC, November 2018
14th Retirement Research Consortium Conference, Washington DC, August 2012
SGE Annual Meeting at the Southern Economic Association, Washington DC, November 2012
Refereeing Activity
Journal of Public Economics, Journal of Pension Economics and Finance; The B.E. Journal of Macroeconomics; LABOUR: Review of Labour Economics and Industrial Relations; Economic Papers; Journal of Population Ageing; Retirement Management Journal; Journal of Retirement; Journal of Behavioral Finance
Computer Skills
Software: Fortran 90, MPI – parallel programming, STATA, SAS, Matlab, Mathematica, LaTeX, SPSS, Eviews, HTML, MS Office, Python (beginner)
Datasets: HRS (including restricted data), PSID, CPS, SCF, IPUMPS, NCS, SIPP(including restricted data), OPM and TSP administrative earnings data, NSLDS administrative data
Professional Memberships
Member of American Economic Association (AEA), Population Association of America (PAA), Association for Public Policy Analysis and Management (APPAM), Society of Labor Economists (SOLE), Society of Government Economists (SGE).
Other Information
Languages: Bulgarian – native, English – fluent
Last updated: November, 2023