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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

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

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

Employer Provided Pension Data in the NLS Mature Women's Survey and in the Health and Retirement Study

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

We compute pension wealth from employer provided pension plan descriptions matched to respondent surveys to the National Longitudinal Survey of Mature Women (NLS-MW) and the Health and Retirement Study (HRS). These calculations provide detailed information on the level and distribution of...

Persistent link: https://www.econbiz.de/10005778432

Effects of Pensions on Saving: Analysis with Data from the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L. - National Bureau of Economic Research (NBER) - 1998

This paper examines the composition and distribution of total wealth for a cohort of 51 to 61 year olds from the Health and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread, covering two thirds of households and accounting for one...

Persistent link: https://www.econbiz.de/10005778494

The Role of Health in Retirement

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

This paper constructs and estimates a dynamic model of the evolution of health for those over the age of 50 and then embeds that model of health dynamics in a structural, econometric model of retirement and saving. The health model traces the effects of smoking, obesity, alcohol consumption,...

Persistent link: https://www.econbiz.de/10010775235