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Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?
Dolls, Mathias - 2016
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …
Persistent link: https://www.econbiz.de/10012455996
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Old Europe ages : Reforms and Reform Backlashes
Boersch-Supan, Axel H. - 2010
This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …
Persistent link: https://www.econbiz.de/10012462881
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Studies in the economics of aging
Wise, David A. (ed.) - 1994
Persistent link: https://www.econbiz.de/10013481071
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Work Incentives in the Social Security Disability Benefit Formula
Goda, Gopi Shah - 2015
We examine the connection between taxes paid and benefits accrued under the Social Security Disability Insurance (SSDI) program on both the intensive and extensive margins. We perform these calculations for stylized workers given the existing benefit structure and disability hazard rates. On the...
Persistent link: https://www.econbiz.de/10012456962
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Demographics and Monetary Policy Shocks
Berg, Kimberly A. - 2019
We decompose the response of aggregate consumption to monetary policy shocks into contributions by households at different stages of the life cycle. This decomposition finds that older households have a higher consumption response than younger households. Amongst older households, the...
Persistent link: https://www.econbiz.de/10012479919
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Saving, Growth, and Aging in Taiwan
Deaton, Angus - 1993
This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure...
Persistent link: https://www.econbiz.de/10012474629
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The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Abel, Andrew B. - 2000
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
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Aggregate Savings in the Presence of Private and Social Insurance
Abel, Andrew B. - 1986
In the presence of uncertain lifetimes, social security has the characteristics of an annuity: a consumer pays a tax when young in exchange for receiving a social security benefit if he survives to be old. If consumers have identical ex ante mortality probabilities, then a fully funded social...
Persistent link: https://www.econbiz.de/10012477203
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An Examination of Empirical Tests of Social Security and Savings
Auerbach, Alan J. - 1981
The effect of social security and other forms of government debt on national savings is one of the most widely debated … policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty … percent. This paper examines recent cross-section and time series empirical tests of the social security-savings question and …
Persistent link: https://www.econbiz.de/10012478385
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Social Security, Bequests, and the Life Cycle Theory of Saving : Cross-Sectional Tests
Blinder, Alan S. - 1981
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension...
Persistent link: https://www.econbiz.de/10012478504