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Trends in Retirement and Retirement Income Choices by TIAA Participants : 2000-2018

Brown, Jeffrey R.; Poterba, James M.; Richardson, David P. - National Bureau of Economic Research - 2022

This paper documents trends over the last two decades in retirement behavior and retirement income choices by participants in TIAA, a large and mature defined contribution plan with a wide range of withdrawal options. Between 2000 and 2018, the average retirement age rose by approximately 1.3...

Persistent link: https://www.econbiz.de/10013191041

Inflation, Income Taxes, and Owner-Occupied Housing

Poterba, James M. - 1980

provisions. Inflation's importance in determining the implicit subsidy to owner-occupied housing has received less attention … also receive essentially untaxed capital gains on their homes during periods of high inflation. The after-tax capital gains … outweigh the higher after-tax interest payments, so inflation reduces the effective cost of homeownership. This paper develops …

Persistent link: https://www.econbiz.de/10012478582

Inflation And Taxation With Optimizing Governments

Poterba, James M. - 1988

This paper extends and evaluates previous work on the positive theory of inflation. We examine the behavior of … governments concerned solely with minimizing the deadweight loss from raising revenue through inflation and tax finance. We show … positive contemporaneous association between inflation and the level of tax burdens. We examine the empirical validity of this …

Persistent link: https://www.econbiz.de/10012476501

Money, Output and Prices : Evidence from A New Monetary Aggregate

Rotemberg, Julio J. - 1991

This paper develops a new utility-based monetary aggregate which we label the currency equivalent aggregate. This aggregate equals the stock of currency that would be required for households to obtain the same liquidity services that they get from their entire collection of monetary assets. We...

Persistent link: https://www.econbiz.de/10012475173

Forecasting Aggregate Period Specific Birth Rates : The Time Series Properties of a Microdynamic Neoclassical Model of Fertility

Heckman, James J. - 1989

This article demonstrates the value of microdata for understanding the effect of wages on life cycle fertility dynamics. Conventional estimates of neoclassical economic fertility models obtained from linear aggregate time series regressions are widely criticized for being nonrobust when adjusted...

Persistent link: https://www.econbiz.de/10012475910

Unemployment Insurance and Reservation Wages

Feldstein, Martin - 1982

The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they were paid on their last job. Approximately one-fourth of...

Persistent link: https://www.econbiz.de/10012478157

New Methods for Estimating Labor Supply Functions : A Survey

Heckman, James J. - 1982

This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables

Persistent link: https://www.econbiz.de/10012478253

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2009

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10012463186

The Determinants of Participation in a Social Program : Evidence from a Prototypical Job Training Program

Heckman, James J. - 2003

This paper decomposes the participation process of a prototypical program into eligibility, awareness, application, acceptance and enrollment. With this decomposition, we determine the sources of unequal participation for different groups, and demonstrate that variables often have very different...

Persistent link: https://www.econbiz.de/10012468880

Fifty Years of Mincer Earnings Regressions

Heckman, James J. - 2003

The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...

Persistent link: https://www.econbiz.de/10012468966