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A first step in dealing with growing retirement costs : a speech at the Spring 2005 Banking and Finance Lecture, Widener University, Chester, Pennsylvania, April 21, 2005
Gramlich, Edward M. - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10010725122
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Future of the Social Security program and economics of retirement: testimony before the Special Committee on Aging, U.S. Senate, March 15, 2005
Greenspan, Alan - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10010725532
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How Well Did Social Security Mitigate the Effects of the Great Recession?
Peterman, William B.; Sommer, Kamila - Federal Reserve Board (Board of Governors of the … - 2014
This paper quantifies the welfare implications of the U.S. Social Security program during the Great Recession. We find that the average welfare losses due to the Great Recession for agents alive at the time of the shock are notably smaller in an economy with Social Security relative to an...
Persistent link: https://www.econbiz.de/10010784157
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Nature or nurture: why do 401(k) participants save differently than other workers?
Pence, Karen M. - Federal Reserve Board (Board of Governors of the … - 2002
Participants in 401(k) plans are more likely than other workers to list "retirement" as their main reason for saving, to hold individual retirement accounts and to invest in the stock market. There are two possible reasons for these differences: (1) workers who like to save choose to participate...
Persistent link: https://www.econbiz.de/10005721032
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Social Security's delayed retirement credit and the labor supply of older men
Pingle, Jonathan F. - Federal Reserve Board (Board of Governors of the … - 2006
This paper presents estimates of the impact of Social Security's Delayed Retirement Credit on the employment rates of older men. The credit raises lifetime social security benefit payments for recipients who delay receiving benefits after age 65 and offers a rare and important test of whether...
Persistent link: https://www.econbiz.de/10005721130
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Do households have enough wealth for retirement?
Love, David A.; Smith, Paul A.; McNair, Lucy C. - Federal Reserve Board (Board of Governors of the … - 2007
annuitized value of comprehensive wealth and the ratio of comprehensive wealth to the actuarial present value of future poverty … poverty-line wealth of 3.56. About 12 percent of households, however, do not have sufficient wealth to finance consumption … equal to the poverty line over their expected lifetimes, even after including the value of Social Security and welfare …
Persistent link: https://www.econbiz.de/10005721144
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Future of the Social Security program and economics of retirement: testimony before the Special Committee on Aging, U.S. Senate, March 15, 2005
Greenspan, Alan - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10005390146
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Social security privatization: what it can and cannot accomplish
Mariger, Randall P. - Federal Reserve Board (Board of Governors of the … - 1997
This paper assesses the effect of social security privatization on the government budget, economic efficiency, national savings, and the distribution of resources across generations. It is shown that the benefits of privatization most often touted by privatization advocates can be achieved by...
Persistent link: https://www.econbiz.de/10005393727
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Pensions, social security, and the distribution of wealth
Kennickell, Arthur B.; Sunden, Annika E. - Federal Reserve Board (Board of Governors of the … - 1997
This paper uses the Survey of Consumer Finances (SCF) to examine pension coverage, estimate Social Security and pension wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected, the SCF data show that including pensions and...
Persistent link: https://www.econbiz.de/10005393964
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Generational aspects of Medicare
Cutler, David M.; Sheiner, Louise - Federal Reserve Board (Board of Governors of the … - 2000
This paper examines the generational aspect of the current Medicare system and some stylized reforms. We find that the rates of return on Medicare for today's workers are higher than those for Social Security and that the Medicare system is shifting a greater share of the burden on future...
Persistent link: https://www.econbiz.de/10005393984