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expectations of workers in the Health and Retirement Study, aged 51 to 61 in 1992. For men, they find that those whose marginal … workers form expectations in a way consistent with forward-looking behavior, they misperceive the complicated rules of the …
Persistent link: https://www.econbiz.de/10005729499
conditions. For example, one typically needs panel data on consumption, assumptions on expectations, and a parameterization of … and expectations. The results suggest that individually measured welfare functions and expectations have predictive power …
Persistent link: https://www.econbiz.de/10005526944
their career jobs, retire, then return to the labor force after a period of recovery. Using data on expectations and … than expected. If anything, expectations err on the side of excessive pessimism about retirement rather than unwarranted …
Persistent link: https://www.econbiz.de/10005545472
Little is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the U.S. population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, the authors present...
Persistent link: https://www.econbiz.de/10008676981
Many economic applications have found quantile models useful when the explanatory variables may have varying impacts throughout the distribution of the outcome variable. Traditional quantile estimators provide conditional quantile treatment effects. Typically, we are interested in unconditional...
Persistent link: https://www.econbiz.de/10008828511