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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

Personal Accounts and Family Retirement

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

This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...

Persistent link: https://www.econbiz.de/10013244905

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

Imperfect Knowledge, Retirement and Saving

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

security are the least well informed about their social security benefits, while those who are most dependent on pensions are …

Persistent link: https://www.econbiz.de/10013222897

Retirement and the Stock Market Bubble

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

This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement behavior. The model includes individual variation both...

Persistent link: https://www.econbiz.de/10013240543

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

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