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Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the …
Persistent link: https://www.econbiz.de/10012757997
Social Security benefits that accrue with additional earnings on three measures of labor supply: retirement, hours, and labor … discontinuities as uncertainty about the future is resolved. We find clear evidence that individuals approaching retirement (age 52 … estimate that a 10 percent increase in the net-of-tax share reduces the two-year retirement hazard by a statistically …
Persistent link: https://www.econbiz.de/10012758034
-side explanation for the frequently observed discrete drop from full-time work to complete retirement …
Persistent link: https://www.econbiz.de/10012760079
Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is...
Persistent link: https://www.econbiz.de/10012928992
The degree to which the Social Security tax distorts labor supply depends on the extent to which individuals perceive the link between current earnings and future Social Security benefits. Some Social Security reform plans have been motivated by an assumption that workers fail to perceive this...
Persistent link: https://www.econbiz.de/10013046154
The social security payroll tax has become the largest tax paid by the majority of American households. Although, the statutory marginal social security tax rate is the same for all those with wage and salary income up to the maximum level, the complex rules linking social security taxes and...
Persistent link: https://www.econbiz.de/10013125819
Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due … to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship … between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While …
Persistent link: https://www.econbiz.de/10013139900
This paper advances the specification and estimation of models of retirement and saving in two earner families. The … complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of … simplifications to increase the feasibility of estimating family retirement models. Our model relaxes these restrictions. It includes …
Persistent link: https://www.econbiz.de/10013149652
college completion. Using an option value model that accounts for different pathways to retirement, applied to a period … spanning a major pension reform, we find that pension program incentives in general are important determinants of retirement …
Persistent link: https://www.econbiz.de/10013052122
We study how economic incentives affect labor force exit through different income security programs, old-age pensions as well as income taxes in Sweden. We use the option value for staying in the labor force as a measure of economic incentives and estimate an econometric model for the choice of...
Persistent link: https://www.econbiz.de/10013053851