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search behavior of households. The research finds that, even though a direct transition from a career job to full retirement …
Persistent link: https://www.econbiz.de/10011980313
approaching their retirement, the average person approaching retirement age is not likely to suffer a life changing financial loss … been greatly exaggerated. If there is any postponement of retirement due to stock market losses, on average it will be a … background information that corrects misperceptions about pension holdings of the retirement age population. Pension coverage is …
Persistent link: https://www.econbiz.de/10014200513
using a realistic and empirically-based life-cycle model of retirement behavior under uncertainty. We investigate the … individual’s retirement and savings decisions under incomplete information and unawareness, in which a portion of the population …
Persistent link: https://www.econbiz.de/10014200698
Recent research has argued that incentives stemming from social security systems influence the worker’s decision to retire. The experience of Chile, which radically changed its system in 1981, offers an opportunity to test this hypothesis. The new system tightened access to early pensions,...
Persistent link: https://www.econbiz.de/10014203738
by exploiting the fact that DI benefits are payable only until full retirement age (FRA), at which point they are …
Persistent link: https://www.econbiz.de/10014210669
The labor supply and benefit claiming incentives provided by the early retirement rules of the Social Security Old Age … benefits program are of growing importance as the Normal Retirement Age (NRA) increases to 67, the labor force participation of … Health and Retirement Survey. We then investigate the importance of the Earnings Test limits for work and claiming behavior …
Persistent link: https://www.econbiz.de/10014210714
The most common metric for assessing the adequacy of economic preparation for retirement is the income replacement rate …, the ratio of income after retirement to income before retirement. However both economic theory and common sense say that …, which is the measure we use. We define and estimate measures of economic preparation for retirement based on a complete …
Persistent link: https://www.econbiz.de/10012719450
We designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons' willingness to voluntarily defer claiming of Social Security benefits. In addition we evaluate the stated willingness of older individuals to work longer, depending on the Social Security...
Persistent link: https://www.econbiz.de/10012854877
of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement well-being would do …
Persistent link: https://www.econbiz.de/10012857502
Understanding how health decline influences retirement decisions is fundamental for the design of targeted policies … labor supply and retirement decisions, the process of how health deterioration affects labor supply remains a black box …
Persistent link: https://www.econbiz.de/10012859164