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De Nardi, Mariacristina - 2010

life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that …

Persistent link: https://www.econbiz.de/10012757992

The Role of Financial Literacy in Determining Retirement Plans

Clark, Robert L. - 2010

Workers nearing retirement face many important, and often irreversible, choices. We collected detailed demographic and financial literacy data on over 1,500 workers nearing retirement at three large companies to assess how individuals are planning for retirement. Many respondents display limited...

Persistent link: https://www.econbiz.de/10013134999

The Effects of Marriage-Related Taxes and Social Security Benefits

Borella, Margherita - 2017

supply and savings of two different cohorts. To do so, we estimate a rich life-cycle model of couples and singles using the … labor market participation, hours, and savings for married and single people and generates plausible elasticities of labor … participation of married men after age 55, and the savings of couples. These effects are large for both the 1945 and 1955 cohorts …

Persistent link: https://www.econbiz.de/10012944636

Bequests and Heterogeneity in Retirement Wealth

De Nardi, Mariacristina - 2014

Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings explain only part of this variation. This paper studies the role of intergenerational transmission of ability, voluntary bequest motives, and the recipiency of accidental and...

Persistent link: https://www.econbiz.de/10013055193

Post-Retirement Increases in Pensions in the 1980s : Did Plan Finances Matter?

Allen, Steven G.; Clark, Robert L.; McDermed, Ann A. - 2021

Many firms give post-retirement increases in pension benefits to retirees even though the pension contract does not require such increases. A leading explanation of this behavior is that benefit increases are part of an implicit contract where retirees accept lower initial benefits in return for...

Persistent link: https://www.econbiz.de/10013218418

Fertility and Social Security

Boldrin, Michele; De Nardi, Mariacristina; Jones, Larry - 2021

The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker …

Persistent link: https://www.econbiz.de/10013223341

Post-Retirement Adjustments of Pension Benefits

Allen, Steven G.; Clark, Robert L.; Sumner, Daniel A. - 2021

This paper examines why pension plans increased their liabflities by giving benefit increases to persons no longer working even though almost al lof them were not required to do so by any legally enforceable contract. In our model workers and firms have implicit contracts under which...

Persistent link: https://www.econbiz.de/10013237289

Phasing into Retirement

Allen, Steven G.; Clark, Robert L.; Ghent, Linda - 2021

Employers have been launching phased retirement programs to help workers navigate the transition from work to retirement more effectively. This paper examines the experience of the phased retirement system for tenured faculty in the University of North Carolina system. After phased retirement...

Persistent link: https://www.econbiz.de/10013238688

Pensions and Firm Performance

Allen, Steven G.; Clark, Robert L. - 2021

pensions on firm performance cannot be predicted. Firms with pensions should have lower turnover rates and more efficient … pension coverage is associated with higher productivity, a proposition that is supported by indirect evidence on pensions …

Persistent link: https://www.econbiz.de/10013240642

Golden Years or Financial Fears? Decision Making after Retirement Seminars

Allen, Steven G. - 2015

Many organizations provide retirement planning seminars to their employees as a benefit to help them make better informed retirement decisions. This study examines the participants in 85 seminars conducted by five companies in 2008 and 2009 to determine how much learning takes place and whether...

Persistent link: https://www.econbiz.de/10013035335