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Demographic Change, Social Security Systems, and Savings

Bloom, David E. - 2010

little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …

Persistent link: https://www.econbiz.de/10012760611

A Theory of Retirement

Bloom, David E. - 2007

We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure....

Persistent link: https://www.econbiz.de/10012775556

Retirement Income Security and Well-Being in Canada

Baker, Michael - 2010

improvements in wellbeing arising from the provision of public pensions. To the extent households adjust their savings and … indicate smoothing of consumption through savings or other mechanisms. Finally, our limited happiness measures show no …

Persistent link: https://www.econbiz.de/10012757959

Social Security Programs and Retirement Around the World : The Relationship to Youth Employment, Introduction and Summary

Gruber, Jonathan - 2010

This is the introduction and summary to the fourth phase of an ongoing project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the strong relationship across countries between social...

Persistent link: https://www.econbiz.de/10012757997

The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States

Bloom, David E. - 2010

We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...

Persistent link: https://www.econbiz.de/10012760540

An International Perspective on Policies for an Aging Society

Gruber, Jonathan; Wise, David A. - 2021

The single most important long run fiscal issue facing the developed world is the aging of its populations. In virtually every developed country, there will be a steep increase in the ratio of the elderly to the working age population over the first half of the 21st century. The purpose of our...

Persistent link: https://www.econbiz.de/10013215344

Social Security Incentives for Retirement

Coile, Courtney; Gruber, Jonathan - 2021

We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the changes in the present discounted value of Social Security...

Persistent link: https://www.econbiz.de/10013225944

Social Security and Retirement

Coile, Courtney; Gruber, Jonathan - 2021

A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives on male retirement. We implement forward-looking models...

Persistent link: https://www.econbiz.de/10013226551

Social Security Programs and Retirement Around the World : Introduction and Summary of Papers by

Gruber, Jonathan; Wise, David A. - 2021

The populations in all industrialized countries are aging rapidly and life life expectancies are increasing. Yet older workers are leaving the labor force at younger and younger ages. In some countries, the labor force participation rates of 60 to 64 year old men have fallen by 75% over the past...

Persistent link: https://www.econbiz.de/10013234936

Social Security and Retirement in Canada

Gruber, Jonathan - 2021

Government transfers to older persons in Canada are one of the largest and fastest growing" components of the government budget. I provide an overview of the interaction between these" transfer programs and retirement behavior. I begin by documenting historical trends in labor force"...

Persistent link: https://www.econbiz.de/10013211647