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Policy effects in hyperbolic vs. exponential models of consumption and retirement

Gustman, Alan L.; Steinmeier, Thomas L. - In: Journal of Public Economics 96 (2012) 5, pp. 465-473

This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of several potential Social Security policy changes. Estimated effects of policies are compared using two models, one with hyperbolic preferences and one with standard exponential...

Persistent link: https://www.econbiz.de/10010574351

The Great Recession, Decline and Rebound in Household Wealth for the Near Retirement Population

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2014

from Social Security and defined benefit pensions. For the most part, these are stable sums that ensured a major fraction …

Persistent link: https://www.econbiz.de/10010951339

The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2013

of pensions earned on jobs not covered by Social Security, a key determinant of the size of WEP and GPO adjustments. Also …

Persistent link: https://www.econbiz.de/10010951402

Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement S...

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2012

pension benefits and DC balances for those approaching retirement, pensions account for more support in retirement than is … the contributions of pensions as measured in income and wealth data. A number of factors cause the contribution of … pensions to be understated in retirement income data, especially data from the CPS. One factor is a difference in methodology …

Persistent link: https://www.econbiz.de/10010951474

Privatizing Social Security: First Round Effects of a Generic, VoluntaryPrivatized U.S. Social Security System

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 1995

major changes in pensions are induced. …

Persistent link: https://www.econbiz.de/10005248757

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

Studies using data from the early 1990s suggested that while the progressive Social Security benefit formula succeeded in redistributing benefits from individuals with high earnings to individuals with low earnings, it was much less successful in redistributing benefits from households with high...

Persistent link: https://www.econbiz.de/10009323436

How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

This paper uses asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age at the beginning of the recession, a potentially...

Persistent link: https://www.econbiz.de/10009353493

Trends in Male Labor Force Participation And Retirement: Some Evidence On The Role Of Pensions And Social Security In The 1970's And 1980's

Gustman, Alan L.; Anderson, Patricia M.; Steinmeier, … - National Bureau of Economic Research (NBER) - 1997

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in the 1970's and 1980's. Work incentives associated with pension" coverage and plan characteristics are calculated primarily from the 1969-79 Retirement History" Study and the...

Persistent link: https://www.econbiz.de/10005710673

Retirement and Wealth

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 2001

of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also …

Persistent link: https://www.econbiz.de/10005718687

The New Social Security Commission Personal Accounts: Where Is the Investment Principal?

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 2002

The President's Commission to Strengthen Social Security suggests three plans for reforming Social Security. These plans divert various amounts of the payroll tax to a personal account if the worker chooses to participate in the account. In return, Social Security benefits are offset using...

Persistent link: https://www.econbiz.de/10005720062