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not even offer participants a life annuity option at retirement. Thus, individuals who wish to annuitize generally must do … retirement resources …
Persistent link: https://www.econbiz.de/10012470665
The ongoing analysis of the effects of pension plan provisions on retirement is pursued in this paper. A primary … company, here using data from a second large company. The evidence confirms that changes in the retirement rates by age … correspond closely to provisions of the firm pension plan. There is essentially no difference in the retirement behavior of men …
Persistent link: https://www.econbiz.de/10012474766
This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …
Persistent link: https://www.econbiz.de/10013537711
This paper provides an overview of the Swedish social security system and its impact on individual retirement behavior …. We find that the observed labor market behavior of older men is in accordance with the economic incentives generated by …
Persistent link: https://www.econbiz.de/10012472676
Labor force participation rates of college-educated women ages 60 to 64 increased by 20 percent (10 percentage points) between 2000 and 2010. One potential explanation for this change stems from the fact that fewer college-educated women in the more recent cohorts were ever teachers. This...
Persistent link: https://www.econbiz.de/10012455982
, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We …
Persistent link: https://www.econbiz.de/10014576660
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
respond to the strength of contract incentives. Accordingly, we consider the response of teacher hours to accountability and …
Persistent link: https://www.econbiz.de/10012466701
This study capitalizes on a natural experiment that occurred in California between 2000 and 2002. In those years, the state offered a competitively allocated $20,000 incentive called the Governor's Teaching Fellowship (GTF) aimed at attracting academically talented, novice teachers to...
Persistent link: https://www.econbiz.de/10012463867
We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do … so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the …
Persistent link: https://www.econbiz.de/10012471116