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wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor … of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement well-being would do …
Persistent link: https://www.econbiz.de/10012857502
forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement … will increase the wealth of households as they enter into retirement …This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation …
Persistent link: https://www.econbiz.de/10013137690
spillovers, and the accumulation of wealth in a primarily descriptive manner. Drawing upon human capital theory and following … greater wealth accumulation than individuals who do not enjoy such spillovers from their occupation. Using data from the … 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
effect of changes in housing wealth on retirement timing. Using cross-MSA variation in house-price movements to identify … wealth effects on retirement timing, we find evidence that such wealth effects are present. According to some specifications … the rate of transition into retirement increases in the presence of positive housing wealth shocks. In addition, we use …
Persistent link: https://www.econbiz.de/10014221588
benefits. This uncertainty and the level of subjective expectations can affect workers' wealth accumulation and retirement …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 …
Persistent link: https://www.econbiz.de/10012842346
interrelationship between health and wealth and the age of retirement. The decision to retire depends on a number of factors including … features in a computational model of optimal wealth and retirement decisions, solving the model household-by-household using … sizeable responses to the age of retirement but does not affect health outcomes very much. A 20 percent reduction in wealth …
Persistent link: https://www.econbiz.de/10013096629
to those rules. This research derives a theory of retirement that views retirement as a special type of labor supply … decision. This decision is driven by wealth and substitution effects on labor supply, interacting with a fixed cost of working … proposals that affect Social Security. This research examines how retirement age varies with generosity of Social Security …
Persistent link: https://www.econbiz.de/10012725565
in England older households actually accumulate wealth. These differences appear to be driven largely, though not … entirely, by housing wealth: During the period we consider, house price growth drove increases in housing wealth in England … that more than offset the slow drawdown of nonhousing wealth. This suggests the illiquid nature of housing is likely to be …
Persistent link: https://www.econbiz.de/10013001965
This paper shows that households who enter retirement with low wealth consistently followed non-permanent income … low pre-retirement wealth households had consumption growth that responded to predictable changes in income during their … concluded that households who entered retirement with lower than predicted wealth consistently followed near sighted consumption …
Persistent link: https://www.econbiz.de/10014220314
This paper explores whether the timing of retirement responds to unexpected changes in wealth. Although the normality …,000 wealth shock would lead to a 1.9 percentage point increase in retirement probability among individuals ages 55 to 60 …. Estimates using panel data on savings and wealth find the elasticity of retirement flows between 1996 and 1998 with respect to …
Persistent link: https://www.econbiz.de/10014220597