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Imperfect Knowledge, Retirement and Saving

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

security are the least well informed about their social security benefits, while those who are most dependent on pensions are …

Persistent link: https://www.econbiz.de/10013222897

Personal Accounts and Family Retirement

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...

Persistent link: https://www.econbiz.de/10013244905

Effects of Social Security Policies on Benefit Claiming, Retirement and Saving

Gustman, Alan L. - 2013

An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals from states of lesser to greater work. The model includes stochastic returns on assets. Estimated with Health and Retirement Study data, it does a better job of predicting...

Persistent link: https://www.econbiz.de/10013081500

Retirement and the Stock Market Bubble

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement behavior. The model includes individual variation both...

Persistent link: https://www.econbiz.de/10013240543

Retirement and Wealth

Gustman, Alan L.; Steinmeier, Thomas L. - 2022

of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also …

Persistent link: https://www.econbiz.de/10013310126

The Growth in Social Security Benefits Among the Retirement Age Population from Increases in the Cap on Covered Earnings

Gustman, Alan L. - 2010

This paper investigates how increases in the level of maximum earnings subject to the Social Security payroll tax have affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different the present value of own benefits and taxes would...

Persistent link: https://www.econbiz.de/10013136554

Projecting Behavioral Responses to the Next Generation of Retirement Policies

Gustman, Alan L. - 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/10012777391

Employer Provided Pension Data in the Nls Mature Women'S Survey and in the Health and Retirement Study

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

detailed information on the level and distribution of pension wealth and a variety of incentives from pensions. Differences … between the pensions of men and women are largely explained by differences in earnings. However, there also are differences in … similar between the NLS-MW and HRS surveys. Systematic differences between the surveys in the rate at which pensions were …

Persistent link: https://www.econbiz.de/10013216851

Trends in Male Labor Force Participation and Retirement : Some Evidence on the Role of Pensions and Social Security in the 1970'S and 1980'S

Anderson, Patricia M.; Gustman, Alan L.; Steinmeier, … - 2021

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in the 1970's and 1980's. Work incentives associated with pension" coverage and plan characteristics are calculated primarily from the 1969-79 Retirement History" Study and the...

Persistent link: https://www.econbiz.de/10013221842

Social Security, Pensions and Retirement Behavior within the Family

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

This paper estimates a structural model of family retirement using U.S. data from the Health and Retirement Study (HRS) and from the National Longitudinal Survey of Mature Women. Estimates using the HRS benefit from having, for each spouse, earnings histories provided by the respondent and the...

Persistent link: https://www.econbiz.de/10013222895