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The Great Recession, Decline and Rebound in Household Wealth for the Near Retirement Population

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2014

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

The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2013

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

Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement S...

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2012

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

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

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

How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

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

Imperfect Knowledge of Pension Plan Type

Gustman, Alan L.; Steinmeier, Thomas; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2007

This paper investigates the reasons for discrepancies between the pension plan type reported by respondents to the Health and Retirement Study (HRS) and pension plan type obtained from documents produced by their employers, called Summary Plan Descriptions (SPDs). The analysis suggests the...

Persistent link: https://www.econbiz.de/10005575361

What the Stock Market Decline Means for the Financial Security and Retirement Choices of the Near-Retirement Population

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2009

This paper investigates the effect of the current recession on the near-retirement age population. Data from the Health and Retirement Study suggest that those approaching retirement age (early boomers ages 53 to 58 in 2006) have only 15.2 percent of their wealth in stocks, held directly or in...

Persistent link: https://www.econbiz.de/10008610981

Financial Knowledge and Financial Literacy at the Household Level

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2010

of findings. First, the more valuable the pension, the more knowledgeable are covered workers about their pensions. We … forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement …, other things the same. Fourth, there is no evidence that wealth held outside of pensions is influenced by knowledge of …

Persistent link: https://www.econbiz.de/10008685012

The Growth in Social Security Benefits Among the Retirement Age Population from Increases in the Cap on Covered Earnings

Gustman, Alan L.; Steinmeier, Thomas; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2010

This paper investigates how increases in the level of maximum earnings subject to the Social Security payroll tax have affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different the present value of own benefits and taxes would...

Persistent link: https://www.econbiz.de/10008685016

The Great Recession, Retirement and Related Outcomes

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2015

This paper uses data from the Health and Retirement Study to examine retirement and related labor market outcomes for the Early Boomer cohort, those in their mid-fifties at the onset of the Great Recession. Outcomes are then compared with older cohorts at the same age. The Great Recession...

Persistent link: https://www.econbiz.de/10011185004