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Contingent Claims Analysis and Life-Cycle Finance
Bodie, Zvi; Ruffino, Doriana; Treussard, Jonathan - In: American Economic Review 98 (2008) 2, pp. 291-96
Persistent link: https://www.econbiz.de/10005241105
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Nonconvexities, Retirement, and the Elasticity of Labor Supply
Rogerson, Richard; Wallenius, Johanna - In: American Economic Review 103 (2013) 4, pp. 1445-62
We consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we … derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the …
Persistent link: https://www.econbiz.de/10010666613
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New Evidence on the Returns to Job Skills
Abraham, Katharine G.; Spletzer, James R. - In: American Economic Review 99 (2009) 2, pp. 52-57
Persistent link: https://www.econbiz.de/10004999830
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The Impact of Medicaid on Labor Market Activity and Program Participation: Evidence from the Oregon Health Insurance Experiment
Baicker, Katherine; Finkelstein, Amy; Song, Jae; … - In: American Economic Review 104 (2014) 5, pp. 322-28
In 2008, a group of uninsured low-income adults in Oregon was selected by lottery for the chance to apply for Medicaid. Using this randomized design and 2009 administrative data, we find no significant effect of Medicaid on employment or earnings. Our 95 percent confidence intervals allow us to...
Persistent link: https://www.econbiz.de/10010773973
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Retirement Security in an Aging Population
Poterba, James M. - In: American Economic Review 104 (2014) 5, pp. 1-30
shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able … to sustain their standard of living in retirement without higher pre-retirement saving. …
Persistent link: https://www.econbiz.de/10010815685
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Saver Behavior and 401(k) Retirement Wealth
Venti, Steven F.; Poterba, James M.; Wise, David A. - In: American Economic Review 90 (2000) 2, pp. 297-302
Persistent link: https://www.econbiz.de/10005757087
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The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach
Battistin, Erich; Brugiavini, Agar; Rettore, Enrico; … - In: American Economic Review 99 (2009) 5, pp. 2209-26
We investigate the size of the consumption drop at retirement in Italy by exploiting pension eligibility information to … correct for endogenous retirement. We take a regression discontinuity approach and assume that spending would be smooth around … pension eligibility if individuals did not retire. We estimate a 9.8 percent drop associated to retirement. This fall is not …
Persistent link: https://www.econbiz.de/10008596310
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The Personal Discount Rate: Evidence from Military Downsizing Programs
Pleeter, Saul; Warner, John T. - In: American Economic Review 91 (2001) 1, pp. 33-53
The military drawdown program of the early 1990s provides an opportunity to obtain estimates of personal discount rates based on large numbers of people making real choices involving large sums. The program offered over 65,000 separatees the choice between an annuity and a lump-sum payment....
Persistent link: https://www.econbiz.de/10005820328
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U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
Lee, Dong; Kho, Bong-Chan; Stulz, Rene M. - In: American Economic Review 90 (2000) 2, pp. 28-31
Persistent link: https://www.econbiz.de/10005571719
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How Much Should Americans Be Saving for Retirement?
Bernheim, B. Douglas - In: American Economic Review 90 (2000) 2, pp. 288-292
Persistent link: https://www.econbiz.de/10005573186