This paper utilizes a large set of subjective probability questions from the Health and Retirement Survey to construct an index measuring the precision of probabilistic beliefs (PPB) and relates this index to household choices about the riskiness of their portfolios and the rate of growth of...

Social Security benefits depend on the employment and earnings history of the covered worker, but, especially for women, they depend on one's marital history and the employment and earnings history of one's spouse. This paper examines the interrelationship between marriage, divorce, employment...