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What Explains Low Old-Age Income? Evidence from the Health and Retirement Study

Mitchell, Olivia S.; Clark, Robert L.; Lusardi, Annamaria - National Bureau of Economic Research - 2021

We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a)...

Persistent link: https://www.econbiz.de/10012510599

Older Women’s Labor Market Attachment, Retirement Planning, and Household Debt

Lusardi, Annamaria - 2016

The goal of this paper is to ascertain whether older women's current and anticipated future labor force patterns have changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages. Using data from both the Health and Retirement...

Persistent link: https://www.econbiz.de/10012456073

Longevity Perceptions and Saving Decisions during the COVID-19 Outbreak : An Experimental Investigation

Hurwitz, Abigail; Mitchell, Olivia S.; Sade, Orly - National Bureau of Economic Research - 2021

We experimentally study individuals' perceptions about and advice to others regarding retirement savings and annuitization during the pandemic. Many people recommend that others save more for retirement, but those most affected by the pandemic tell others to save and annuitize less. We...

Persistent link: https://www.econbiz.de/10012482579

Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2021

Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD) regulation, requiring retirees to withdraw a minimum...

Persistent link: https://www.econbiz.de/10012482705

The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances

Feldstein, Martin S. - 2011

Although natural market forces should resolve such imbalances without the need for specific government policies, the government actions in both countries have actually contributed to their persistence and prevented market forces from correcting the problem. That may be about to change

Persistent link: https://www.econbiz.de/10012461983

U.S. Growth in the Decade Ahead

Feldstein, Martin S. - 2010

Not all of that extra output will remain in the United States. If the trade deficit is reduced by three percent of GDP, the rise in exports and decline in imports will reduce output available for U.S. consumption and investment by about 0.3 percent a year

Persistent link: https://www.econbiz.de/10012462967

Resolving the Global Imbalance : The Dollar and the U.S. Saving Rate

Feldstein, Martin S. - 2008

The large trade and current account deficits of the United States cannot continue indefinitely because doing so would constitute a permanent gift to the U.S. economy. The process that will cause this gift to shrink and that will eventually cause it to reverse is a fall in the dollar. The dollar...

Persistent link: https://www.econbiz.de/10012464697

Designing Institutions to Deal with Terrorism in the United States

Feldstein, Martin S. - 2008

The explosion in the 21st century of terrorist activities by Islamic radicals in the United States, Europe and Asia requires reforming the institutions for domestic counterterrorism (CT) and new international relations among individual national CT organizations. This paper discusses the...

Persistent link: https://www.econbiz.de/10012464918

Pensions and the U.S. Labor Market

Gustman, Alan L. - 1990

market.<br> Available evidence indicates that pensions must be viewed as part of a long-term employment relation. For this … and employment Combining information on employee characteristics, turnover and retirement patterns, company inputs and …-side information with employment and wage histories of employees …

Persistent link: https://www.econbiz.de/10012475704

Why is Growth better in the United States than in other Industrial Countries

Feldstein, Martin S. - 2017

Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper...

Persistent link: https://www.econbiz.de/10012455460