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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

Social Security Programs and Retirement Around the World : Disability Insurance Programs and Retirement - Introduction and Summary

Coile, Courtney - 2014

This is the introduction and summary to the sixth 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/10013053852

How is Economic Hardship Avoided by Those Retiring Before the Social Security Entitlement Age?

Milligan, Kevin S. - 2012

Governments around the world are reacting to extended lifespans and troubled pension finances by increasing the age of retirement benefit entitlement. One concern that arises is how those who are not working before reaching entitlement age are able to bridge their consumption to the age of...

Persistent link: https://www.econbiz.de/10013106955

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

The Retirement Incentive Effects of Canada'S Income Security Programs

Baker, Michael; Gruber, Jonathan; Milligan, Kevin S. - 2021

Like most other developed nations, Canada has a large income security system for retirement that provides significant and widely varying disincentives to work at older ages. Empirical investigation of their effects has been hindered by lack of appropriate data. We provide an empirical analysis...

Persistent link: https://www.econbiz.de/10013244881

Simulating the Response to Reform of Canada'S Income Security Programs

Baker, Michael; Gruber, Jonathan; Milligan, Kevin S. - 2021

We explore the fiscal implications of reforms to the Canadian retirement income system by decomposing the fiscal effect of reforms into two components. The mechanical effect captures the change in the government's budget assuming no behavioral response to the reform. The second component is the...

Persistent link: https://www.econbiz.de/10013230170