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determining retirement, spousal, and survivor benefits, along with benefit adjustments that vary with the age at which these are … consistent with empirical evidence. We also confirm predictions that wives will claim retirement benefits earlier than husbands …
Persistent link: https://www.econbiz.de/10010951303
the Current Population Survey and Health and Retirement Study, we employ a difference-in-differences strategy to compare …Measuring the overall impact of public health insurance receipt is important in an era of increased access to publicly …-provided and subsidized insurance. Although government expansion of health insurance to older workers leads to labor supply …
Persistent link: https://www.econbiz.de/10010951316
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
A central justification for social insurance and for other policies aimed at retirement savings is that individuals may … payroll taxes and other withholding to fund retirement savings as akin to an income tax, while largely ignoring the distant … future retirement benefits that they fund? If so, the distortion of labor supply may be many times higher than otherwise …
Persistent link: https://www.econbiz.de/10011271390
This paper presents new empirical evidence on the effects of retirement benefits on labor force participation decisions … changes in retirement benefits from the Austrian pension system. We present graphical evidence documenting labor supply …. These relatively low elasticities highlight that many retirement decisions are likely to be affected by factors beyond only …
Persistent link: https://www.econbiz.de/10009251517
Social Security benefits that accrue with additional earnings on three measures of labor supply: retirement, hours, and labor … discontinuities as uncertainty about the future is resolved. We find clear evidence that individuals approaching retirement (age 52 … estimate that a 10 percent increase in the net-of-tax share reduces the two-year retirement hazard by a statistically …
Persistent link: https://www.econbiz.de/10005830656
is estimated using data from the Health and Retirement Study. We compare results based on our model to results based on …In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources … used self reported health or disability status as a proxy for health status, we model health as a latent variable, using …
Persistent link: https://www.econbiz.de/10005778198
-side explanation for the frequently observed discrete drop from full-time work to complete retirement. …
Persistent link: https://www.econbiz.de/10005575401
Using longitudinal data for 1968-2009 for male household heads, we determine the prevalence of pre- retirement age …
Persistent link: https://www.econbiz.de/10010796715
the implications of raising the savings rate - whether through social security, retirement plans, or otherwise - for labor …
Persistent link: https://www.econbiz.de/10008619308