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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

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

Optimal Social Security Claiming Behavior under Lump Sum Incentives : Theory and Evidence

Maurer, Raimond - 2017

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...

Persistent link: https://www.econbiz.de/10012455607

Employer 401(k) Matches for Student Debt Repayment : Killing Two Birds with One Stone?

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2024

Almost 50 million Americans are burdened by the need to repay almost $2 trillion in student loan debt, while at the same time having to save for retirement. This article analyzes the potential impact of the 2022 SECURE 2.0 Act reform which permits employers to match contributions for student...

Persistent link: https://www.econbiz.de/10014544722

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10012461549

Factors Influencing the Choice of Pension Distribution at Retirement

Clark, Robert L.; Mitchell, Olivia S. - National Bureau of Economic Research - 2022

assets when they terminate employment with their plan sponsor. Their choices depend both on own preferences and the options …

Persistent link: https://www.econbiz.de/10013334334

Financial Regret at Older Ages and Longevity Awareness

Hurwitz, Abigail; Mitchell, Olivia S. - National Bureau of Economic Research - 2022

Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples' expressed wish that they had saved more earlier in life. The present paper extends attention to five...

Persistent link: https://www.econbiz.de/10013462744