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of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement well-being would do …
Persistent link: https://www.econbiz.de/10012857502
, where financial knowledge of the pension then influences other decisions about retirement saving.These findings raise …This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around …
Persistent link: https://www.econbiz.de/10013137690
This study explores the relationship between general human capital investment, financial knowledge, occupational … financial knowledge through their occupation would benefit by having greater financial knowledge that would translate into … Cognitive Economics Study and the Health and Retirement Study, we find strong evidence that individuals in financial occupations …
Persistent link: https://www.econbiz.de/10013135931
showed that financial literacy is low among the young; fewer than one-third of young adults possess basic knowledge of … and family financial sophistication. Specifically, a college-educated male whose parents had stocks and retirement savings …
Persistent link: https://www.econbiz.de/10013134345
own retirement security, this lack of knowledge has serious implications …This paper analyzes new data on financial literacy and financial sophistication from the 2008 Health and Retirement …
Persistent link: https://www.econbiz.de/10013095332
affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different … stream and faced the same benefit formula. We find that for those in the Early Boomer cohort of the Health and Retirement …
Persistent link: https://www.econbiz.de/10013136157
How do low-income households think about retirement? Do they think about retirement? If so, when do they think they … think about retirement, although this does not necessarily mean they are able to plan and/or save actively for retirement …
Persistent link: https://www.econbiz.de/10013119924
experienced by all workers in this recession, could mean that laid-off disabled workers in their pre-retirement years may never … return to work. In this paper, we use data from the 2004-2010 waves of the Health and Retirement Study to examine how the …-being of disabled individuals nearing retirement …
Persistent link: https://www.econbiz.de/10013088002
. Using data from the Health and Retirement Study and the Medical Expenditure Panel Survey, we estimate a dynamic programming … model of retirement that accounts for both saving and uncertain medical expenses. Importantly, we model the two key channels …
Persistent link: https://www.econbiz.de/10012963889
Americans face the challenges of retirement with varying degrees of preparation. Evidence indicates that that many … individuals may not be making the best possible choices with respect to their Social Security and retirement savings. We assess … the subjective expectations of non-retirees and find that they have sizable biases and uncertainty about future retirement …
Persistent link: https://www.econbiz.de/10012842346