We introduce a tractable model of post-retirement saving behavior in which households have a precautionary motive …

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … held by the near retirement age population from 2006 to 2012. For the Early Boomer cohort (ages 51 to 56 in 2004), real … part of the story. The assets held by members of the cohort nearing retirement at the onset of the recession would normally …

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 …

preferred asset for young households, with the optimal share of equities generally declining prior to retirement. However …, variable labor materially alters pre-retirement portfolio choice by significantly raising optimal equity holdings. Using this …

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 vulnerable segment of the working age population. The retirement wealth …

This paper advances the specification and estimation of models of retirement and saving in two earner families. The … complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of … simplifications to increase the feasibility of estimating family retirement models. Our model relaxes these restrictions. It includes …