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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
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
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
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
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
of the pensions in each cross-section, those who are covered by the same plan in both years experience smaller changes … the means and medians of plan features and plan values. Using the data from Watson Wyatt on the pensions offered by thirty … cross-sections of pensions will exaggerate the changes in continuing plans. Nevertheless, substantial errors will be …
Persistent link: https://www.econbiz.de/10005718438
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 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
This paper estimates a structural model of family retirement using U.S. data from the Health and Retirement Study (HRS) and from the National Longitudinal Survey of Mature Women. Estimates using the HRS benefit from having, for each spouse, earnings histories provided by the respondent and the...
Persistent link: https://www.econbiz.de/10005828438
This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement behavior. The model includes individual variation both...
Persistent link: https://www.econbiz.de/10005828933