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especially on their earnings, public pension benefits, and health status. Using two-year panel data from the JSTAR and applying … significant correlation with the OV of work, and that correlation does not depend on the health status. Our counter …
Persistent link: https://www.econbiz.de/10011271464
returns are stochastic. Exogenous shocks such as layoffs are also included. Estimation is based on data from the Health and …
Persistent link: https://www.econbiz.de/10008628338
from states of lesser to greater work. The model includes stochastic returns on assets. Estimated with Health and …
Persistent link: https://www.econbiz.de/10010821712
accumulation paths or consumption paths around the period of retirement. The simulations also suggest that, despite the much higher …
Persistent link: https://www.econbiz.de/10008685015
Household decisions are profoundly shaped by a complex set of financial options due to Social Security rules determining retirement, spousal, and survivor benefits, along with benefit adjustments that vary with the age at which these are claimed. These rules influence optimal household asset...
Persistent link: https://www.econbiz.de/10010951303
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 … reductions for recipients, there may be spillover effects on the labor supply of uncovered spouses. While theory predicts a …
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
consumption taxation and income-based transfer programs. For example, might myopic individuals, as a first approximation, view …
Persistent link: https://www.econbiz.de/10011271390
This paper presents new empirical evidence on the effects of retirement benefits on labor force participation decisions. We use administrative data on the census of private sector employees in Austria and variation from mandated discontinuous changes in retirement benefits from the Austrian...
Persistent link: https://www.econbiz.de/10009251517
A key question for Social Security reform is whether workers currently perceive the link on the margin between the Social Security taxes they pay and the Social Security benefits they will receive. We estimate the effects of the marginal Social Security benefits that accrue with additional...
Persistent link: https://www.econbiz.de/10005830656