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Effects of Pensions on Saving : Analysis with Data from the Health and Retirement Study

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

a simple life cycle explanation for savings. They also raise questions about whether pensions are fundamentally a tax … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread … those with pensions than for those without pensions. Multivariate regressions relating total wealth to pension coverage and …

Persistent link: https://www.econbiz.de/10013210559

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 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 Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

Gustman, Alan L. - 2013

of pensions earned on jobs not covered by Social Security, a key determinant of the size of WEP and GPO adjustments. Also …

Persistent link: https://www.econbiz.de/10013071796

Social Security Investment in Equities I : Linear Case

Diamond, Peter A. - 2008

Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...

Persistent link: https://www.econbiz.de/10012774822

Insulation of Pensions from Political Risk

Diamond, Peter A. - 2006

There are many sources of political risk to public provision of pensions. This paper analyzes legislation to alter the …

Persistent link: https://www.econbiz.de/10012783964

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

Retirement Effects of Proposals by the President'S Commision to Strengthen Social Security

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

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the President's Commission to Strengthen Social Security. Provisions reducing the growth in real benefits and increasing actuarial incentives to work reduce retirements. They more...

Persistent link: https://www.econbiz.de/10013225974

Social Security Benefits of Immigrants and U.S. Born

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

For each year of work under the Social Security System, immigrants realize higher benefits than U.S. born, even when their earnings are identical in all years the immigrant has been in the U.S.. Two features of the social security benefit calculation are responsible: the social security benefit...

Persistent link: https://www.econbiz.de/10013240317