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Distributional Effects of Means Testing Social Security: An Exploratory Analysis

Gustman, Alan L.; Steinmeier, Thomas; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2014

This paper examines the distributional implications of introducing additional means testing of Social Security benefits where proceeds are used to help balance Social Security's finances. Benefits of the top quarter of households ranked according to the relevant measure of means are reduced...

Persistent link: https://www.econbiz.de/10010951055

The Great Recession, Decline and Rebound in Household Wealth for the Near Retirement Population

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2014

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth held by the near retirement age population from 2006 to 2012. For the Early Boomer cohort (ages 51 to 56 in 2004), real wealth in 2012 remained 3.6 percent below its 2006 value....

Persistent link: https://www.econbiz.de/10010951339

The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2013

This paper uses data from the Health and Retirement Study to investigate the effects of Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) provision on Social Security benefits received by individuals and households. WEP reduces the benefits of individuals...

Persistent link: https://www.econbiz.de/10010951402

Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement S...

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2012

the contributions of pensions as measured in income and wealth data. A number of factors cause the contribution of … pensions to be understated in retirement income data, especially data from the CPS. One factor is a difference in methodology … between surveys affecting what is included in pension income, especially in the CPS, which ignores irregular payments from …

Persistent link: https://www.econbiz.de/10010951474

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

high income households. Both factors mitigate redistribution at the household level. This paper compares outcomes for the …

Persistent link: https://www.econbiz.de/10009323436

How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2011

This paper uses asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age at the beginning of the recession, a potentially...

Persistent link: https://www.econbiz.de/10009353493

Integrating Retirement Models

Gustman, Alan L.; Steinmeier, Thomas - National Bureau of Economic Research (NBER) - 2009

This paper advances the specification and estimation of models of retirement and saving in two earner families. The complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of simplifications to increase the feasibility of...

Persistent link: https://www.econbiz.de/10008628338

What People Don't Know About Their Pensions and Social Security: An Analysis Using Linked Data from the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 1999

Pension plan descriptions from respondents to the 1992 Health and Retirement Study are compared with descriptions obtained from their employers. Earnings histories reported by respondents are compared with earnings histories from the Social Security Administration. The probability of linking...

Persistent link: https://www.econbiz.de/10005714562

Projecting Behavioral Responses to the Next Generation of Retirement Policies

Gustman, Alan L.; Steinmeier, Thomas - National Bureau of Economic Research (NBER) - 2007

This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our model allows those with high time preference rates to find...

Persistent link: https://www.econbiz.de/10005828535

Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 1999

By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of retirement. Our simulations suggest that between 1969 and 1992, abstracting from the effects of changes in wages and years of covered work on pension benefit amounts, changing pension...

Persistent link: https://www.econbiz.de/10005828724